Roche Names Lufthansa CEO Franz to Replace Humer
Roche will propose his nomination to the annual shareholder meeting on March 4, the Basel-based company said today in a statement. Franz’s term at Lufthansa expires May 31.
Humer, who led Roche for more than a decade, is credited as an architect of Roche’s strategy of yoking its diagnostics and drugs units together to create medicines targeted at individual patients.
Humer, 67, was CEO when Roche bought a 30 percent stake in U.S. biotechnology company Genentech Inc. in 1999 and helped oversee the full takeover of the company as chairman in 2009. The deals netted Roche its top-selling cancer medicines Rituxan and Herceptin. The latter, a breast cancer drug, was the company’s first “personalized” tumor treatment, with a diagnostic test to show which women it is likely to help.
Franz, 53, has been Lufthansa CEO since 2011. He previously served as CEO of Swiss International Air Lines.
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