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Vertex(VRTX Quote) CEO Joshua Boger is stepping down, the company announced Thursday.
Matthew Emmens, chairman of British pharmaceutical firm Shire PLC( SHPGY Quote), will be Vertex's president effective immediately, and will take the helm as chairman and CEO when Boger -- who co-founded the company in 1989 -- retires in May.
Emmens, a 35-year veteran of the pharmaceutical industry, Mr. Emmens, 57, has a resume that includes work at Merck KGaA, Astra Merck and Merck(MRK Quote), in addition to Shire, where he has worked since 2003, according to a statement Vertex released Thursday.
Vertex Chairman Charles Sanders, who will remain lead director of Vertex's board, said the following: ...
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