Gilead Reveals Leadership Transition As Milligan Takes CEO Role

Gilead Sciences Inc. faced a lot of bad news related to its hepatitis C drugs during the last week of January, so there might have been a better time to announce a changing of the guard in the company's C-suite, no matter how much shareholders anticipated the succession plan.

Gilead Sciences Inc. faced a lot of bad news related to its hepatitis C drugs during the last week of January, so there might have been a better time to announce a changing of the guard in the company's C-suite, no matter how much shareholders anticipated the succession plan.

President and chief operating officer John Milligan, who has been Gilead's most visible executive for the past few years, will...

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