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Share Name Share Symbol Market Type
Fresenius SE & Co KGaA XE:FRE XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.38 -1.43% 26.24 26.23 26.25 26.88 25.98 26.52 1,556,939 16:30:00

Fresenius CEO to Leave Company; Fresenius Kabi Chief to Take Over

19/08/2022 6:16pm

Dow Jones News


Fresenius SE & Co KGaA (XE:FRE)
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By Joshua Kirby

 

Fresenius SE & Co. said Friday that Chief Executive Officer Stephan Sturm will leave the company next month, to be replaced by Michael Sen, current CEO of subsidiary Fresenius Kabi.

Mr. Sen will take the reins of the German healthcare company on Oct. 1, having been unanimously appointed by the supervisory board, Fresenius said.

Mr. Sturm, CEO since 2016, leaves the company on good terms, the company said.

Mr. Sen will remain head of Fresenius Kabi until a replacement is appointed, the company said. Prior to joining Fresenius, he managed conglomerate Siemens AG's healthcare business Siemens Healthineers AG and its energy business, Fresenius said.

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

August 19, 2022 13:01 ET (17:01 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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