Roche Hires a New CEO

August 21, 2007

Roche Pharmaceuticals (Basel, Switzerland, www.roche.com) has named Severin Schwan, PhD, the current head of diagnostic division, new chief executive.

Roche Pharmaceuticals (Basel, Switzerland, www.roche.com) has named Severin Schwan, PhD, the current head of diagnostic division, new chief executive. He is replacing current chairman and chief executive Franz Humer, PhD, who will remain the chairman of Roche. Schwan began his career at Roche in 1993 as a financial officer. After management postings in Germany and Belgium, he was named head of Roche Diagnostic’s global finance organization, and subsequently became head of the division’s Asia-Pacific organization. In 2006, he was appointed CEO of Roche Diagnostics.