Appointments (9446Z)
January 24 2011 - 4:00AM
UK Regulatory
TIDMHIK
RNS Number : 9446Z
Hikma Pharmaceuticals Plc
24 January 2011
Hikma promotes Bassam Kanaan to President and Chief Operating
Officer of MENA and Europe and Khalid Nabilsi to Chief Financial
Officer
London, 24 January 2011 - Hikma Pharmaceuticals PLC (LSE: HIK)
(NASDAQ Dubai: HIK)("Hikma"), the fast growing multinational
pharmaceutical group, is pleased to announce the following changes
to the Group's organisational structure. These changes reflect the
increasing scale and internationalisation of the Group and will
support Hikma's continued growth.
Bassam Kanaan has been appointed President and Chief Operating
Officer ("COO") for the MENA and EU regions, and he will relinquish
his current role as Chief Financial Officer ("CFO"). Bassam joined
Hikma as CFO in 2001, playing a leading role in the IPO in 2005. In
February 2009, Bassam assumed responsibility for Operations,
Manufacturing and Supply Chain Management in Europe and MENA.
Khalid Nabilsi, Corporate Vice President for Finance, has been
appointed Chief Financial Officer. Khalid also joined Hikma in 2001
and was a member of the IPO team. Since then he has held several
senior positions in the Finance department, including Group
Financial Controller, and has been instrumental in the development
of the Group Finance function.
Michael Raya, Corporate Vice President and CEO West-Ward, has
been appointed Executive Vice President and CEO of USA. Mike
successfully led the turnaround of Hikma's Generics business in
2008. In his new role he will have responsibility for all Group
activities in the USA.
Riad Mishlawi, Vice President European Operations, has been
appointed EU Vice President and Global Head of Injectables. Riad
first joined Hikma's Injectables management team in the early
1990's and has played an important role in the development of this
global business.
Commenting on the appointments, Said Darwazah said:
"As CFO, Bassam has made a significant contribution to the
success and growth of the company. I am delighted he has accepted
this new role, which reflects the progress he has driven since
assuming his operations role in 2009. Khalid's strong knowledge of
the Group and contributions as VP Finance mean he is well placed to
assume this important role.
"Mike and Riad's appointments reflect the significant
opportunities we see to grow both our US business and our global
Injectables business.
"I am very pleased with the strength of our management team and
the continuity in succession that we have been able to achieve,
which puts us in a strong position to continue our growth going
forward."
The changes are effective immediately.
-- ENDS --
Enquiries:
Hikma Pharmaceuticals PLC
Susan Ringdal +44 (0)207 399
Investor Relations Director 2760
Financial Dynamics
Ben Atwell/Julia Phillips/Jonathan Birt/Matthew +44 (0)20 7831
Cole 3113
About Hikma
Hikma Pharmaceuticals PLC is a fast growing multinational group
focused on developing, manufacturing and marketing a broad range of
both branded and non-branded generic and in-licensed products.
Hikma operates through three businesses: "Branded", "Injectables"
and "Generics", based principally in the Middle East and North
Africa ("MENA"), where it is a market leader, the United States and
Europe. In 2009, Hikma achieved revenues of $637 million and profit
attributable to shareholders of $78 million. For news and other
information, please visit www.hikma.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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