Ferring Pharmaceuticals announced today that Dominic Moorhead has been appointed as Executive Vice President and Chief Financial Officer, effective 1st July 2017.
Moorhead succeeds Peter Wilden, who joined Ferring 25 years ago and was one of the original members of the Group Executive Board.
Following a three-month transition period, Moorhead will assume full responsibility for the Finance, Corporate Information Systems and Internal Audit functions of the global Ferring Group. Wilden will continue to represent Ferring on a number of additional Boards.
“Peter has been a guardian of Ferring’s financial integrity and stability, and we will look back with satisfaction on his exceptional career within the company,” said Michel Pettigrew, President of the Executive Board and Chief Operating Officer of Ferring. “I am confident that Dominic will continue this track record of success. His extensive experience and perspectives in finance, business and strategic development in the pharmaceutical sector make him a great fit for Ferring as we continue on our strong growth path.”
Moorhead has 30 years’ finance and business experience in the life sciences industry. For the past year, he has been a strategic advisor to executives and investors in biotech. Before this, he worked for Takeda Pharmaceuticals for four years, as Global Financial Controller, and CFO of the International business following the acquisition of Nycomed. Prior to this he worked for Hoffmann-La Roche for 13 years, where he was CFO of the Pharma Division for nine years during a period of much challenge, transformation, and growth. He was engaged in numerous strategic initiatives and business transactions, as well as their operational implications, culminating in the privatization of Genentech in the U.S. in 2009.
Source: Ferring Pharmaceuticals
Giovanni Caforio, the former CEO of Bristol Myers Squibb, is set to become the next board chairman of Novartis, which on Tuesday proposed the pharmaceutical industry veteran as its pick to replace Joerg Reinhardt in the role next year. Reinhardt has served as Novartis’ chair since 2013 and plans to retire when his 12-year term ends in 2025.
GE HealthCare has raised the curtain on two ultrasound systems equipped with artificial intelligence programs designed to assist in diagnosing conditions in women’s health, including obstetric exams. The Voluson Signature 20 and 18 imaging systems include AI tools capable of automatically identifying and annotating measurements of fetal anatomy.
Scientists from the University of Edinburgh’s School of Chemistry have revealed a new sustainable method of manufacturing complex molecules that could reduce waste produced during drug production. The method published in Nature Chemistry could help to prevent severe side effects caused by drugs that can exist as enantiomers.
