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Concordia reshuffles as debt plan proceeds

 
• By Dave Wallace

Concordia has named Graeme Duncan as its permanent chief executive officer as part of a management reshuffle to create a “truly unified executive leadership team”, as the firm continues to pursue a recapitalisation transaction to manage its debt and interest costs.

Concordia has named Graeme Duncan as its permanent chief executive officer as part of a management reshuffle to create a “truly unified executive leadership team”, as the firm continues to pursue a recapitalisation transaction to manage its debt and interest costs.

Duncan – who was formerly president of Concordia’s International segment, and had earlier this year set out plans to leave the company (Generics bulletin, 16 March 2018, page 16) – was made interim chief executive officer at the start of May, as part of a previous reshuffle, following the departure of his predecessor Allan Oberman “to pursue other opportunities”

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