Market

GSK picks ex-Tesco chief Lewis to head spun-off consumer healthcare arm



© Reuters. FILE PHOTO: Dave Lewis, Tesco CEO, speaks at the the British Chamber of Commerce annual conference in London, Britain, March 28, 2019. REUTERS/Peter Nicholls

(Reuters) – GlaxoSmithKline (NYSE:) Plc has picked former Chief Executive Officer of Tesco (OTC:) Plc Dave Lewis to head GSK’s consumer healthcare unit, which is being spun off into a standalone business, Sky News reported on Sunday.

Confirmation of his appointment could come as soon as Monday, the broadcaster said.

GSK did not immediately respond to a Reuters request for comment.

The 40 billion pound ($53 billion) spinoff is due to take effect next year.

($1 = 0.7551 pounds)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

close