The FTSE-100 drugs company is preparing to launch a search for Leif Johansson’s successor, Sky News understands.
AstraZeneca , the FTSE-100 pharmaceuticals group, is preparing a search for the successor to the chairman who helped it fend off Pfizer's £69bn takeover bid five years ago.
Sky News has learnt that the drug-maker's board is at the early stages of planning to seek an eventual replacement for Leif Johansson, who has chaired AZ for seven years. Sources close to the company said there was no formal timetable in place yet for Mr Johansson's departure, but indicated that AZ's nomination and governance committee was starting to consider the issue more formally.
Succession planning has taken on a greater focus for a number of the Anglo-Swedish group's leading shareholders because, unusually, Mr Johansson and chief executive Pascal Soriot took on their roles within four months of each other. While a definitive decision about which of the pair will leave first has not yet been made, one investor said they expected the chairman to step down within the next 18 months, giving his successor free rein to identify Mr Soriot's replacement.
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