IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

Pharma/Fine Chemicals Roundup – April 3

8:14 AM MDT | April 3, 2012 | Deepti Ramesh

LONZA APPOINTS RICHARD RIDINGER AS CEO Lonza says its board of directors has elected Richard Ridinger, 53, as the company’s new CEO effective May 1, 2012. Earlier this year, Lonza fired CEO Stefan Borgas following a series of weak financial results. Lonza recorded a 45.8% fall in net profits for 2011, to SF154 million ($169 million). Sales increased 0.4% last year, to SF2.69 billion. Rolf Soiron, Lonza chairman, has been the acting CEO since the end of January 2012. Richard Ridinger has held several leadership functions at Henkel for 14 years and at Cognis...

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