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Witty Exiting GSK In 2017, Raising Questions About The Firm’s Future

 
• By Jessica Merrill

GlaxoSmithKline CEO Andrew Witty will retire from the company in 2017 after nine years at the helm, opening the door to the possibility of broader change.

GlaxoSmithKline PLC CEO Andrew Witty will retire in 2017 after nine years at the helm and 31 years at the company, opening the door to the possibility of broader change in the form of large-scale M&A or a consumer product business spin out.

Some investors have advocated for breaking up the business recently, while Witty has been in favor of diversification as a strategy to navigate the company

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