Jeff Capello out the door as Michael McDonnell takes over Biogen's CFO post; Ron Bruehlman named interim CFO at IQVIA
→ In a move that essentially caught everyone in biotech off guard, Jeff Capello is on his way out as CFO of beleaguered Biogen and ex-IQVIA EVP and CFO Michael McDonnell is taking over on Aug 15. Capello will assist in the transition until Sept 15. Although Biogen CEO Michel Vounatsos balked at the question of whether the switch is a signal that they want to ramp up their M&A activity, Evan Seigerman’s assessment at Credit Suisse was succinct: “Our read — McDonnell was brought in to do deals.”
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