Edition:
India

Mylan to begin search for CFO of new company


Monday, 29 Jul 2019 

July 29 (Reuters) - Mylan NV ::MYLAN SEES POTENTIAL FOR SHARE REPURCHASES BY THE END OF 2021 - CONF. CALL.PFIZER CEO SAYS MYLAN HAS BEEN "SIGNIFICANTLY UNDERVALUED", EXPECTS NEW COMBINATION TO ADDRESS THIS - CONF. CALL.MYLAN SAYS WILL BEGIN SEARCH FOR CFO FOR NEW COMPANY, WHOSE APPOINTMENT WILL BE AGREED UPON WITH PFIZER- CONF. CALL.HEAD OF NEW COMPANY, MICHAEL GOETTLER, SAYS WILL BE OPERATING THROUGH GLOBAL CENTERS IN PITTSBURGH, PENNSYLVANIA; SHANGHAI, CHINA AND HYDERABAD, INDIA- CONF. CALL.HEAD OF NEW COMPANY MICHAEL GOETTLER SAYS ONLY ABOUT A THIRD OF NEW COMPANY REVENUE TO COME FROM GENERICS- CONF. CALL.HEAD OF NEW COMPANY MICHAEL GOETTLER SAYS ROUGHLY 55% OF ITS REVENUE WILL COME FROM NORTH AMERICA AND EUROPE, REST FROM ASIA AND EMERGING MARKETS - CONF. CALL.MYLAN PRESIDENT RAJIV MALIK SAYS NEW COMPANY EXPECTS ABOUT $3 BILLION IN REVENUE FROM PRODUCTS EXPECTED TO LAUNCH BY 2023- CONF. CALL.OUTGOING MYLAN CFO KEN PARKS SAYS IN NEAR TERM, NEW COMPANY ANTICIPATES TOTAL REVENUE TO GROW MODESTLY AS GROWTH WILL OFFSET EXPECTED PRICING PRESSURE - CONF. CALL.MYLAN EXPECTS EXPECT "STRONG CASH FLOWS" IN THE SECOND HALF OF THE YEAR- CONF. CALL.PFIZER CFO EXPECTS GROWTH WILL START "EARLIER" POST CLOSING MYLAN DEAL, SOME TIME IN 2020 - CONF. CALL.ROBERT COURY, EXECUTIVE CHAIRMAN OF NEW COMPANY, SAYS LOOKING FOR SOMEONE WHO IS AN EXISTING PUBLIC COMPANY CFO WITH "QUITE A BIT OF EXPERIENCE" TO FILL ROLE OF FINANCE CHIEF FOR NEW COMPANY- CONF. CALL.