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Teva Lands A CEO: Can Schultz Replicate Lundbeck Success?

 
• By Eleanor Malone

After seven months of uncertainty, Teva has announced a new CEO. But Kåre Schultz, who has won applause for turning around the fortunes of Danish firm Lundbeck over the past two years, faces a daunting turnaround challenge when it comes to the generics behemoth.

Kare Schultz
Kare Schultz is moving from Lundbeck to Teva • Source: Teva Pharmaceutical Industries

Teva Pharmaceutical Industries Ltd.'s new CEO Kåre Schultz has established a solid track record in the short time he's been overseeing the rationalization of Danish neurology drug specialist Lundbeck Inc. Whether he can replicate the same success at a very different kind of company – the world's biggest generic drug company – is now the question.

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