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Copley Pharmaceutical

Executive Summary

President, founder and Director of Agvar Chemicals Agnes Varis resigns from the Copley board July 24, critical of Hoechst directors for lacking "continuity in the decision-making process." Copley Director Judith Fensterer also resigned, but without comment. The Copley board now consists of three Hoechst representatives, two Copley representatives, and one independent. The search for a CEO continues, while the president's office remains responsible for operations
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PS032580

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