Boiron: appointment of a new CEO

(CercleFinance.com) - Boiron is gaining ground on the Paris stock exchange this Thursday after announcing the appointment of Pascal Houdayer, a former Henkel and Procter & Gamble executive, to the position of CEO.


He will replace Thierry Boiron, who will nevertheless remain at his side as Deputy CEO to carry out specific missions, effective January 1, 2025.

Prior to joining Laboratoires Boiron, Pascal was CEO of Orveon Global (Laura Mercier, bareMinerals, BUXOM) and CEO of NAOS (Bioderma, Institut Esthederm, Etat Pur).

He also worked for German FMCG giant Henkel as Managing Director of the Henkel Beauty Care division and member of the Board of Directors.

The new CEO also spent 19 years with Procter & Gamble in various management positions in France, Switzerland, the USA and Morocco.

Pascal Houdayer will report directly to the company's Board of Directors, of which he will become a member as of January 1, 2025.

This announcement comes at a time when the company announced last month that it would be stepping up its reorganization with the elimination of a further 145 positions in the wake of the delisting of homeopathic medicines in France.

Although the share price rose by 1.7% on Thursday following the announcement of the arrival of a new CEO, it is still down around 33% for the year as a whole.

Copyright (c) 2024 CercleFinance.com. All rights reserved.