Teva Pharmaceutical Industries Ltd. today announced the appointment of Ichiro Kikushige as Chief Executive Officer (CEO) of Teva Seiyaku, Japan, effective on May 15, 2013. Mr. Kikushige most recently was Senior Director of Sales for Eli Lilly Japan K.K. Mr. Kikushige will replace Makoto Shimada, currently President and CEO of Teva Seiyaku, who is retiring after having served the pharmaceutical industry in Japan for nearly 40 years. Mr. Shimada will remain at Teva Seiyaku until June 30, 2013 to facilitate a smooth and orderly transition.
“As an effective leader with more than 30 years of experience in the pharmaceutical industry, Mr. Kikushige is well-qualified to assume this important role within Teva in Japan,” said Prof. Itzhak Krinsky, Chairman of Teva Japan and Teva South Korea. “Under the leadership of Teva President and CEO Dr. Jeremy Levin, the Company is implementing a new growth strategy to become the most indispensable pharmaceutical company of the world. Japan, the second largest pharmaceutical market, offers attractive opportunities for growth, and we now are entering into the next phase of leveraging our established business and position within the Japanese market.”
Prof. Krinsky added, “We would like to thank Mr. Shimada for his many years of service and contributions to the Company and wish him well in his future endeavors.”