L’Oréal SA played a key role in the ouster last week of Sanofi SA Chief Executive Officer Paul Hudson and the choice of his successor, in what was a major corporate shakeup for the French pharmaceutical company.
The push by the French cosmetics giant, Sanofi’s biggest shareholder, led to the naming of Merck KGaA CEO Belén Garijoto succeed Hudson, according to people familiar with the matter who didn’t want to be named citing confidential discussions.
Paul Hudson
Photographer: Will Oliver/EPA/Bloomberg
Hudson, who headed Sanofi for six and a half years, was up for the renewal of his mandate at the annual shareholders’ meeting ...
