Evotec Says Former CEO Failed to Report Stock Trades on Time (2)

Evotec SE said former Chief Executive Officer Werner Lanthaler failed to report stock dealings on time, as the German pharmaceutical company briefed investors following his unexpected decision to step down at the start of the month.

The stock trades that were reported late took place over the course of three years, Chairperson Iris Löw-Friedrich said on a webcast. She said the company always complies with regulations on reporting share trades. Lanthaler told Bloomberg by phone that the delayed disclosure was a “lapse” and unrelated to his exit.

When announcing the departure of the long-serving CEO, who headed the company since ...