Deals
Genzyme’s Termeer May Follow Health-Care CEOs to Private Equity
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Genzyme Corp.’s chief executive officer, Henri A. Termeer, will leave his post of 26 years after Sanofi-Aventis SA closes its $20.1 billion purchase of his company. He may not be out of a job for long.
Termeer, Genzyme’s chief since 1985, exits with at least a $138 million payout and a legacy as the longest-serving CEO in biotechnology, after pioneering a business model of charging top dollar for drugs to treat rare genetic disorders.