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Teva denies outgoing CEO board role

Against his expressed wishes, Schultz will not gain a seat on the board at the Israeli pharmaceutical firm when he steps down as CEO at year-end.

Teva and Schultz have not come to an agreement on a potential board seat for the outgoing CEO | Photo: Ida Munch

Danish national Kåre Schultz’s time at the helm of Teva draws to a close at year-end, and his hope to continue serving the Israeli pharmaceutical company as a board member has just been shot down.

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