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Business

New Pfizer CEO Picks His Team

Human health division head Katen will leave the company

by Lisa M. Jarvis
August 17, 2006

Jeffrey B. Kindler, Pfizer's newly appointed CEO, has unveiled a new management organization for the drug company.

Kinder has named David L. Shedlarz, a vice chairman who had been one of the front-runners for the CEO position, as his principal deputy. Shedlarz will have expanded responsibilities that include Pfizer's global manufacturing operations, strategic planning, licensing, business development, and technology.

The new team does not include Karen Katen, vice chairman and head of Pfizer's human health division and another CEO contender. She has decided to leave the firm.

Kindler has established a new executive leadership team that he says will constitute the "decision-making body" of the company. Among those appointed to the team are Pfizer global R&D president John LaMattina, worldwide pharmaceutical operations president Ian Read, and chief medical officer Joe Feczko.

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