Emma Walmsley to succeed Andrew Witty as Chief Executive Officer of GlaxoSmithKline
GSK today announces that Emma Walmsley, currently Chief Executive Officer (CEO) of GSK’s Consumer Healthcare division, is appointed GSK CEO Designate and will succeed Andrew Witty as GSK CEO, when he retires on 31 March 2017. Emma will join the GSK Board of Directors from 1 January 2017.
Emma is currently CEO of GSK Consumer Healthcare, one of the world’s largest consumer health companies, established in 2015 following completion of GSK’s three-part transaction with Novartis.
Prior to this, Emma was President of GSK Consumer Healthcare and has been a member of GSK’s Corporate Executive Team since 2011. Emma joined GSK in 2010 from L’Oreal where, over the course of her 17-year career, she held a variety of marketing and general management roles in the UK, Europe and USA. From 2007 she was based in Shanghai as General Manager, Consumer Products for L’Oreal China.
Philip Hampton, GSK Chairman, said: “I am very pleased to announce Emma’s appointment, after what has been a very thorough and rigorous global selection process carried out by the GSK Board of Directors.
Emma is an outstanding leader with highly valuable experience of building and running major global businesses and a strong track record of delivering growth and driving performance in healthcare. Under Andrew’s leadership, GSK has successfully developed into a company with market-leading positions in pharmaceuticals, vaccines and consumer healthcare. These provide excellent platforms for sustainable, long-term growth, and we are confident Emma will successfully build on these strengths.”
Emma Walmsley said: “I am delighted and honoured to be appointed GSK’s next CEO. GSK is a company that leads both in science and in the way it does business. We have momentum in the Group and as the demand for medical innovation and trusted healthcare products continues to rise, we have the opportunity and the potential to create meaningful benefits for patients, consumers and our shareholders. I’m looking forward to working with Andrew and other leaders over the next few months to ensure a smooth handover and to develop plans for 2017 and beyond.”
Notes to editors:
GSK’s remuneration policy is currently under review and the Remuneration Committee will begin consultations with shareholders in the fourth quarter of 2016. The Committee has decided that the different elements of Ms Walmsley’s remuneration will be determined following these consultations and will be in line with the new policy.
The Committee therefore expects to set and publish a new base salary for Ms Walmsley on her appointment to the Board on 1 January 2017. Details of Ms Walmsley’s total remuneration, including long-term incentives, will be published in the Company’s 2016 Annual Report. The remuneration policy will be presented to shareholders for approval at the Annual General Meeting in 2017.
Ms Walmsley has an interest in excess of 200,000 GSK ordinary shares.
- The Company confirms that, in respect of Listing Rule 9.6.13R(1), Ms Walmsley is a Non-Executive Director of Diageo plc, and that, in respect of Listing Rules 9.6.13R (2)-(6), there are no details to disclose.
- With effect from 1 January 2017, the composition of the Board of GSK will be as follows:
- Sir Philip Hampton, Non-Executive Chairman
- Sir Andrew Witty, Chief Executive Officer
- Ms Emma Walmsley, Chief Executive Officer Designate
- Mr Simon Dingemans, Chief Financial Officer
- Dr Moncef Slaoui Chairman, Global Vaccines
- Professor Sir Roy Anderson, Independent Non-Executive Director
- Mr Vindi Banga, Senior Independent Non-Executive Director
- Ms Stacey Cartwright, Independent Non-Executive Director
- Dr Vivienne Cox, Independent Non-Executive Director
- Ms Lynn Elsenhans, Independent Non-Executive Director
- Dr Jesse Goodman, Independent Non-Executive Director
- Ms Judy Lewent, Independent Non-Executive Director
- Mr Urs Rohner, Independent Non-Executive Director
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