Roche Picks Diagnostics Chief as New CEO After Pandemic Wins (2)

Roche Holding AG said diagnostics unit chief Thomas Schinecker will take over as chief executive officer next year, after the unit’s soaring sales of Covid-19 tests helped buffer patent losses from the Swiss drugmaker’s biggest drugs.

Schineker will assume the CEO role from Severin Schwan from March 15, Roche said in a statement Thursday as it reported its first-half earnings. Schwan, 54, who has steadily ascended at Roche since joining the company in 1993 as a trainee, will replace Christoph Franz as chairman.

Thomas Schinecker

Source: Roche Holding AG

Schwan will make the shift after more than 14 years as CEO. Schinecker took over leadership ...