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Published on 20 Feb 2024 on Market Watch

AbbVie taps new CEO as it faces fresh competition for blockbuster drug Humira

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AbbVie Inc.’s founding CEO Richard Gonzalez will step down July 1, the drugmaker said Tuesday, and will be replaced by the company’s current president and chief operating officer, Robert Michael.

Gonzalez, who has been AbbVie’s chief executive since the company’s formation in 2013, will become executive chair of the board of directors, the company said.

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