20th Oct 2014 06:09
LONDON (Alliance News) - Irish drugmaker Shire PLC Monday said it had started an immediate search for a new chief financial officer, after James Bowling, who was interim CFO, decided to leave to become CFO Of Severn Trent.
In a statement, Shire said Bowling will leave at the end of the first quarter of 2015.
In a separate statement, water company Severn Trent confirmed that Bowling will be joining, after current CFO Mike McKeon gave notice that he has decided to retire with effect from spring 2015. McKeon will be staying in post to ensure an orderly handover, it added.
The news comes just days after a GBP32 billion takeover attempt on Shire by AbbVie of the US looked to have broken down after the US government moved to close tax rules that had made the deal more beneficial for the US company previously.
By Steve McGrath; [email protected]; @stevemcgrath1
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