Sanofi Axes CEO, Hit By Multiple Downgrades

By | October 29, 2014

Scalper1 News

Big French pharma Sanofi (SNY) fired its CEO Wednesday, pushing its stock down sharply for the second day in a row and sparking a slew of downgrades on Wall Street. Sanofi’s (SNY) board issued a short statement saying that it had voted unanimously to remove Christopher Viehbacher after six years in office and that Chairman Serge Weinberg will take over the job until the firm finds a permanent replacement. On Wednesday morning, Weinberg hosted a Scalper1 News

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