Merck Hires CFO Away From Biogen Idec
2 CommentsBy Ed Silverman // June 29th, 2007 // 12:43 pm
Pete Kellogg will join the drugmaker on August 14 to succeed Judy Lewent, who is retiring shortly. The former Frito-Lay cfo and Arthur Andersen partner, who worked at Biogen Idec since 2000, will also become executive vice president and report to Merck ceo Dick Clark.
This is the second big drugmaker to name a new cfo in as many days. Yesterday, Wyeth promoted Greg Norden to replace Ken Martin, who is also retiring. These retirements, coupled with the rash of recent departures of cfo’s from Amgen, Pfizer and AstraZeneca, has suddenly raised the value of high-profile numbers crunchers who know how to slap investor backs and soothe impatient fund managers.
Biogen, meanwhile, hopes to find a replacement within the next several weeks.
JS
how about Jeff Kindler????
George
What exactly are you hinting at here JS?