Takeda Pharmaceutical Co. (4502) in May reported its lowest profit in 15 years. Japan’s largest drugmaker now must rely on its first foreign chief executive officer to engineer a turnaround.
The 233-year-old Japanese company in April hired former GlaxoSmithKline Plc executive Christophe Weber as chief operating officer and plans to have him succeed CEO Yasuchika Hasegawa next year. Three months on his new job, the 47-year-old Frenchman says he is weighing acquisitions in emerging markets, expansion in faster growth countries and a push to develop internal talent.
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