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Last Updated: Wednesday, 26 May, 2004, 22:28 GMT 23:28 UK
Former Vodafone boss joins Glaxo
Sir Christopher Gent
Under Sir Christopher, Vodafone became a world giant
The former boss of mobile phone giant Vodafone, Sir Christopher Gent, is to take the helm at GlaxoSmithKline (GSK).

Sir Christopher will become non-executive chairman at Europe's biggest drug maker from January 2005.

He will join GSK as deputy chairman from June and will eventually replace outgoing chairman Sir Christopher Hogg.

Vodafone became the world's biggest mobile phone firm under Sir Christopher, taking over US rival Airtouch and Germany's Mannesmann.

'Years of experience'

Sir Christopher will earn 300,000 per annum in his role as deputy chairman. On his appointment as chairman, he will receive a total of 500,000 a year in cash and shares.

Sir Christopher Hogg, who is also due to step down as chairman of media group Reuters, said his successor would bring to GSK "many years of experience and a track record of delivering outstanding performance in a highly competitive global industry".

News of the appointment comes just days after GSK successfully headed off a rebellion over the company's executive pay packages.

The UK company also announced that Sir Deryck Maughan, chairman and chief executive of Citigroup International, would be joining as a non-executive director.

Both men will work alongside GSK's chief executive, Dr Jean-Pierre Garnier.




SEE ALSO:
Vodafone cuts bottom-line losses
25 May 04  |  Business
GSK gets approval for pay deals
17 May 04  |  Business
Glaxo to buy Wellcome in India
17 Mar 04  |  Business
Rival drugs threaten Glaxo profit
12 Feb 04  |  Business
Glaxo fights '$5.2bn' US tax bill
07 Jan 04  |  Business
Glaxo bows to pressure over pay
15 Dec 03  |  Business


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