DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

GSK Rings In More Change As CFO Heads For Exit In 2019

By Steve Wynne-Jones
Share this article
GSK Rings In More Change As CFO Heads For Exit In 2019

GlaxoSmithKline Plc, the maker of Sensodyne toothpaste and Panadol paracetamol, faces more top management change with Chief Financial Officer Simon Dingemans set to retire next year.

The former Goldman Sachs investment banker, who joined in 2011, will step down from the board in May 2019, the company said on Wednesday. As his departure is voluntary he will not receive any severance payment.

GSK said it planned to look both internally and externally to identify a successor.

Dingemans' departure provides a further opportunity for Chief Executive Emma Walmsley to stamp her imprint on the group as she tries to boost sales and improve productivity in the core pharmaceuticals division.

Walmsley, who took over in April 2017, has already appointed a new head of pharmaceuticals in Luke Miels and a new head of drug research in Hal Barron, as well as making Karenann Terrell head of digital operations, an area within Dingemans's orbit.

ADVERTISEMENT

Dingemans said he believed he was leaving GSK at a time when it had established "strong foundations" to deliver improved financial performance.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.