AbbVie CEO Richard Gonzalez to step down, Robert Michael to succeed him

AbbVie announced longtime CEO Richard Gonzalez will step down and be succeeded by president and chief operating officer Robert Michael.

The pharma giant announced Tuesday morning that Gonzalez will leave the top post on July 1 and become executive chairman of the board of directors. In addition to elevating to the CEO spot, Michael has been appointed to serve as a member of the board of directors.