Sanofi Investors Dismayed at Ouster of CEO Viehbacher
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Sanofi investors said former Chief Executive Officer Chris Viehbacher, ousted yesterday, paid the price for pushing too hard to make the French drugmaker more international.
Sanofi’s board voted to fire Viehbacher after almost six years as CEO, during which he focused expansion outside of France and moved for personal reasons to the Boston area. The relocation came as French government officials voiced concern about corporate decision-making leaving the country. The stock, however, set a record less than a month ago.