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Feb 20, 2015

Sanofi’s new boss could earn more than Total’s, less than Pfizer’s

PARIS, Feb 20 (Reuters) – Sanofi’s new boss
Olivier Brandicourt could earn up to 4.2 million euros ($4.8
million) a year at the drugs group and pocket an extra 4
million euros within 12 months as a one-off golden handshake.

The pay of the former medical doctor, due to take up his new
role from April, was revealed in a statement from the company on
Friday, a day after the 59-year-old Bayer executive
was named as replacement for Chris Viehbacher, who was sacked in
October.

Feb 19, 2015

Sanofi names CEO, cites ‘capabililty to unite teams’

PARIS, Feb 19 (Reuters) – French drugmaker Sanofi
on Thursday named Olivier Brandicourt, a Paris-educated doctor
and head of Bayer AG’s healthcare arm, as its chief
executive officer.

Brandicourt had been widely tipped to become Sanofi’s new
boss, a position that opened when Chris Viehbacher was suddenly
sacked last year.

Feb 19, 2015

Sanofi challenges will test likely new boss’s pedigree

PARIS, Feb 19 (Reuters) – Olivier Brandicourt, the
Paris-educated doctor and head of Bayer AG’s
healthcare arm who is widely tipped as the new boss of Sanofi
, comes with the right scientific and cultural pedigree
but faces some daunting corporate challenges.

The 59-year-old Frenchman who researched tropical and
infectious diseases before joining the corporate drugs world has
been seen as a likely candidate to head the French drugs firm
ever since the board suddenly sacked Chris Viehbacher last year.

Feb 12, 2015

Russia, mature Europe to drag on Legrand sales in 2015

PARIS, Feb 12 (Reuters) – Power switch and socket maker
Legrand warned that challenging prospects in Russia
and difficult conditions in mature European markets would drag
on revenue growth in 2015 as it delivered yearly earnings that
undershot expectations.

Shares in the French company, which had risen earlier this
month to a record 49.02 euros, were down 3 percent at 45.685
euros in early trade, compared with a 0.2 percent drop in the
French blue-chip CAC 40 index.

Feb 5, 2015

Sanofi to name new CEO in coming weeks as euro lifts results

PARIS, Feb 5 (Reuters) – French drugs firm Sanofi
said on Thursday it would be in a position to name a new chief
executive in the coming weeks as it delivered 1.5 percent
quarterly earnings per share growth thanks to the weak euro.

“The announcement will be before the end of the first
quarter,” said Chairman Serge Weinberg, who has been acting CEO
since Chris Viehbacher was fired at the end of October for poor
execution of strategy and lack of communication with the board.

Jan 30, 2015

Three months on, fruitless CEO search overshadows Sanofi

PARIS, Jan 30 (Reuters) – Barring a last-minute
breakthrough, drugs firm Sanofi’s Chairman Serge
Weinberg may have to acknowledge in his results presentation
next week that the hunt for a new chief executive is not going
well.

At least three potential candidates in a narrow field have
turned their back on the job heading France’s largest company.

Jan 22, 2015

Ousted Sanofi CEO gets 4.44 mln eur severance package

PARIS, Jan 22 (Reuters) – European pharmaceuticals group
Sanofi on Thursday said it had agreed to pay 4.44
million euros ($5.06 million) in total to ousted chief executive
Chris Viehbacher.

Viehbacher, who left in October, will receive a payment of
2.96 million euros, which corresponds to his fixed and variable
compensation for the year, Sanofi said in a statement.

Jan 16, 2015

Paris police arrest 12 linked to shootings as US’ Kerry arrives

PARIS (Reuters) – Police arrested a dozen people suspected of helping the Islamist militant gunmen in last week’s Paris killings, the city prosecutor’s office said on Friday as U.S. Secretary of State John Kerry arrived for talks.

The arrests came after Belgian police killed two men who fired on them during one of about a dozen raids on Thursday against an Islamist group and German police said they had arrested two people following a raid on 11 properties linked to radical Salafists.

Jan 12, 2015

Paris tourism launches “open for business” campaign after shootings

PARIS (Reuters) – Representatives of the Paris tourist industry will set off on a world tour next month to reassure visitors and agents that the French capital is safe and open for business after last week’s fatal shootings by Islamist militants.

France, which is struggling to get economic growth going, is the most visited country in the world. Almost 85 million foreigners a year support a 150 billion euro ($177 billion) industry that delivers 7 percent of the nation’s GDP, according to government figures.

Dec 28, 2014

Missing AirAsia plane young, basic, hard-working

LONDON/PARIS (Reuters) – The AirAsia plane that went missing on Sunday is young by commercial aircraft standards. It has also worked hard and lacks real time engine diagnostics, in accordance with its role as a short-haul aircraft.

Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic control at 6:17 a.m. (1917 ET) after taking off from Surabaya airport in Indonesia bound for Singapore, officials said. The pilots had asked to change course to avoid bad weather.

    • About Andrew

      "Andy leads the London-based team that edits company news copy from around Europe, the Middle East and Africa and supports EMEA Companies Editor of Charge Chris Wickham. Andy is a newswire "lifer" with experience in reporting and editing in London, Singapore and Paris. A one-time oil industry specialist, his first industry job in the early 1980s was collecting pepper and banana prices for Agence France Presse."
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