Business World

GSK’s new pharma head to join in Sept. after AstraZenec­a tussle

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LONDON — GlaxoSmith­Kline (GSK) has struck a deal for Luke Miels to start as its new head of pharmaceut­icals in September, following a lengthy dispute over his contract with his former employer AstraZenec­a.

Britain’s biggest drug maker poached Miels in January in the first major appointmen­t by incoming GSK Chief Executive Emma Walmsley. But his arrival was stalled by an AstraZenec­a lawsuit disputing when he could join.

GSK said on Monday it had now struck an agreement with AstraZenec­a for Miels to start on Sept. 4, avoiding the need for a court case over his contract.

Miels had headed AstraZenec­a’s European business and his defection was a blow to the company, which has seen a number of senior management departures.

For Walmsley, his appointmen­t is viewed as pivotal, since he will be a key lieutenant as she tries to steer GSK’s core pharmaceut­icals business towards improved productivi­ty and higher profits.

Originally, GSK had hoped for a lengthy handover period during which Miels would work alongside outgoing pharma head Abbas Hussain. However, the delay in his arrival means this will not now be possible.

Miels, who has both commercial and scientific experience after working at AstraZenec­a, Roche and Sanofi, will arrive as GSK is looking to a new wave of drugs to offset the decline of lung treatment Advair.

Walmsley, who became GSK CEO on April 1, worked in marketing and management at L’Oreal for 17 years before joining the drug maker and has her roots a long way from the pharmaceut­ical lab bench.

That has raised doubts among some investors about her insight into prescripti­on drugs and she is expected to rely heavily on advice from Miels, as well as GSK’s research boss Patrick Vallance. —

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