Roche Chairman to Step Down

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The chairman of Roche Holding will leave his post next year. At the company's annual general meeting, Franz Humer said he will not stand for re-election when his current term expires in 2014. Roche said it will nominate his successor this autumn, and like Humer, this person will serve as a non-executive chairman.

In addition to his position as chairman, Humer also served as the company's CEO from 1998 to 2008. He said of the company: "Roche is in excellent shape and well positioned to meet future challenges. This is a good time to hand over to a successor."

The article Roche Chairman to Step Down originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in Roche Holding. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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