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Actavis appoints Pepsi head as CFO amid takeover talk

pharmafile | November 14, 2014 | Appointment | Manufacturing and Production, Medical Communications, Research and Development, Sales and Marketing |  Actavis, maria moen, pepsi 

Dublin-based speciality pharma firm Actavis which is currently in talks to buy Allergan for $60 billion, has hired a chief financial officer.

Maria Teresa Hilado joins the company on 8 December from PepsiCo where she has served as its senior vice president, finance and treasurer since 2009. Prior to PepsiCo she fulfilled this role at Schering-Plough for a year. 

Hilado takes more than 26 years of financial experience to the position and will be based at the company’s US headquarters in New Jersey, and is to succeed R. Todd Joyce, who will remain with Actavis through early 2015 to support the transition.

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Brent Saunders, Actavis chief executive and president, says of Hilado: “She will bring extensive expertise in global finance, mergers and acquisitions and business development, and is widely recognised for her exceptional leadership skills. We are excited to add a senior executive of Tessa’s caliber to Actavis.”

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