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What’s On CEO Andrew Witty’s To-Do List Before Exiting GSK

 
• By Jessica Merrill

The company showed signs of stabilization in the first quarter, as Witty insisted his diversified strategy is beginning to pay off. But a new CEO will have to contend with the potential entry of Advair generics.

Andrew Witty (GSK)
Andrew Witty • Source: GSK

GlaxoSmithKline PLC CEO Andrew Witty has a year left on the job, time he would like to use to convince investors his diversified strategy is the right one for the company. The UK drug maker delivered 8% sales growth and an 8% increase in core earnings growth in the first quarter, driven by vaccines and consumer health care – signs that the strategy is gaining momentum.

Pharmaceuticals sales fell 1% to £3.59bn ($5.22bn), but management said the business is on track to return to growth in 2016, while vaccines grew 23% and consumer health care grew...

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