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Stada CEO and CFO tumble in takeover turmoil

09:32 EDT 4 Jul 2017 | Pharmafile

Stada, the German generic drugs manufacturer, saw its two most senior executive leave the company for ‘personal reasons’.

Matthias Wiedenfels, CEO, and Helmut Kraft, CFO, left the company only days after a takeover bid by Bain Capital and Cinven had failed to secure enough shareholder support.

The supervisory board of Stada announced that Angelbert Coster Tjeenk Willink, a former executive at Boehringer Ingelheim, will be the interim CEO and Bernhard Düttmann will become interim CFO.

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