Teva Pharmaceutical Industries' lead candidate for the chief executive spot is a foreigner, which would break a long standing requirement that the CEO be based in Israel, reports the Israeli financial news website, Calcalist.
CEO Erez Vigodman stepped down in February, amid a series of company missteps and controversies. Teva is also searching for a new CFO to replace Eyal Desheh, who will resign in June. Reportedly, Israeli members of the board of directors are demanding that an Israeli be appointed CFO if the CEO is a foreigner.
Chairman Dr. Sol Barer commented, "We are looking around the world for the best candidate. We are committed once we find that candidate to do what it takes to bring that candidate to Teva."
Read the Reuters coverage
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