Looks like Pfizer's new CEO, the lawyer and ex-burger seller Jeff Kindler, is getting on with things at a rate of knots.
Ex-Pfizer employee Dr Peter Rost has some excellent insights on the latest news.
One thing Insider noticed was that Jeff has also elevated two scientists. Dr. John LaMattina and Dr. Joe Feczko have both been promoted into the ranks of executives who will report directly to Mr. Kindler.
Dr. LaMattina will continue to oversee drug discovery and development. Dr. Feczko will be Pfizer’s chief medical officer, responsible for the company’s sometimes tense relationships with regulators and the study of drugs that are already on the market.
No scientists reported directly to Hank McKinnell, Pfizer’s previous chief executive.
The spin for this is that it places "science at the heart of their business"!
More likely is that it reveals Jeff's achilles heel: his lack of scientific knowledge and understanding.
But Jeff has been smart.
Rather than promote one "techie" he now has two reporting into him. This will allow him to play off one against the other and check "facts" that are reported to him.
Pfizer BS here.
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