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Article: Fred Hassan, New Schering-Plough Chairman and CEO, Announces Initial Action Steps in Turn-Around Program.
- Article from:
- PR Newswire
- Article date:
- May 13, 2003
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Schering-Plough Chairman and Chief Executive Officer Fred Hassan announced today the first steps in an action agenda to stabilize and then turn around the corporation, which has been suffering from declining sales and earnings as well as legal and regulatory challenges.
Seventeen working days after assuming leadership of the organization, Hassan is launching new initiatives in three areas: strategy, structure and process.
Said Hassan, "As I promised when I accepted this challenging assignment, we are moving swiftly to address urgent issues while also taking actions that will build a strong Schering-Plough for the long term. The steps we are announcing ...