People on the Move
Sanofi
Sanofi is still leaderless as the company continues its search for a CEO.
Chairman Serge Weinberg said France’s high tax rates makes it hard to recruit top executives, Reuters reported.
Weinberg has taken over CEO duties temporarily following the ousting of Chris Viehbacher.
"The deterioration of French tax-competitiveness and the burden on companies and individuals pose a problem," Weinberg told reporters.
"It's extremely difficult to attract international executives or even bring back French ones who have left. There will be consequences if this continues, because we can't rely on patriotic sentiment or goodwill alone."
Weinberg refused to comment on rumours Olivier Bohuon, head of Smith & Nephew’s, had turned down the role.
