anonymous
Guest
anonymous
Guest
Following the recent BIO board meeting in Berlin, it appears big changes are in store for the U.S. sales organization. In a sign that the board has lost confidence in the U.S. leadership following the presentation of the Q3 sales numbers and with the prospect of closing the year above targets dim, the board voted to authorize a search for Walters’ replacement. The goal would be to make an offer by end of year and to have the new President in place by mid-Q1 of next year. Someone close to Ryan has also reported that for his part, he’s retained Russell Reynolds to help him find his next post. How this move might impact other leaders brought in during his tenure is still anyone’s guess, but the board did not reserve their criticism for Walters alone, signaling that there may be more transitions to come. No word yet when any of this will be announced internally, but rumors have been swirling for some time changes were coming.