New Stada CEO demotes predecessor's son, sacks advisors

June 27, 2016 12:11 PM

11 0

FRANKFURT, June 27 The new chief executive of Germany's Stada, who took over after his predecessor Harmut Retzlaff left for health reasons, has stripped Retzlaff's son Steffen of some responsibilities and has fired the former CEO's external advisors, taking a firmer grip of the maker of generic drugs and consumer care products.

Stada earlier this month said its long-time chief executive Harmut Retzlaff would temporarily leave office for health reasons and that fellow executive board member Matthias Wiedenfels would take over as CEO.

Also read: The Making of the AT&T-Time Warner Deal

Read more

To category page