|
|
Article: Schering-Plough CEO Fred Hassan Completes First 100 Days, '360-Degree Review;' Announces Key Measures to Set Foundation for Turnaround.
- Article from:
- PR Newswire
- Article date:
- August 21, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Following a 100-day, "360-degree" review of the inherited company situation requested by the Board of Directors, Schering-Plough's new Chairman and CEO Fred Hassan today announced key actions to stabilize and repair Schering-Plough and set a solid foundation for a turnaround.
"My review of the situation we inherited confirmed the need for aggressive measures, including aggressive cost containment and cost cutting in order to stabilize the company and to create a realistic base on which to build a turnaround," said Hassan. "My review also confirmed that we have a commitment to make significant strategic investments in ZETIA and the ZETIA/simvastatin combination ...