Bristol-Myers names new Chairman of the Board

Dr. Giovanni Caforio has been named the Chairman of the Board for Bristol-Myers Squibb's board of directors, effective May 2 at the annual shareholder’s meeting.
“Bristol-Myers Squibb has tremendous opportunities for growth, highlighted by our leadership position in Immuno-Oncology and the opportunity to accelerate our diversified pipeline of transformational medicines," Caforio said. "Working with the talented leaders and employees of this company, I look forward to further advancing our BioPharma strategy, and delivering transformational medicines that make a difference in the lives of patients around the world.”
Caforio will succeed current Chairman Lamberto Andreotti while continuing to serve as the CEO.
“Since being named CEO, Giovanni has clearly demonstrated the capabilities needed to lead Bristol-Myers Squibb in the near and long term,” Andreotti said. “It was a pleasure working with Giovanni during this transition period, and I have full confidence that he will do what is needed to continue to deliver on the company’s mission and generate sustainable growth for our shareholders now and in the future.”