Erich Hunziker, chief financial officer (CFO), chief information officer (CIO) and deputy head of the corporate executive committee, has decided to retire from Roche, a research-focussed healthcare company, at the end of March 2011 and plans to focus on a number of board memberships.
Hunziker was appointed CFO and member of the corporate executive committee in 2001, becoming deputy head of the corporate executive committee in 2005. In 2010 he also assumed the role of CIO. In his 10 years at Roche, Hunziker was one of the key architects of the group’s successful development, building a financial reporting system and an investor relations department that are widely seen as industry benchmarks. Due to his leadership and expertise, the Roche Group gained credit ratings with Standard & Poors (S&P) and Moody’s that enabled Hunziker – in the midst of the global financial crisis – to obtain favourable conditions to finance the privatisation of Genentech.
Roche has appointed Alan Hippe to succeed Hunziker as CFO. He will join Roche as a member of the corporate executive committee as of April 2011. Hippe served as a member of the executive board of Continental from 2002 to 2009. Since April 2009, he has been CFO and a member of the executive board of ThyssenKrupp.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.