Ascendis names Harry Smit as chair as CEO quits after three weeks
The healthcare company saw a surprise board shake-up in December and has struck a deal with lenders
13 January 2022 - 17:21
UPDATED 14 January 2022 - 07:33
Ascendis Health, which was subject to a surprise board shake-up in December, has named activist shareholder Harry Smit as its new chair, and CEO Andrew Marshall is stepping down after about three weeks in the job.
The group has also struck a new deal with its lenders, having been advanced a new facility of R550m, maturing at the end of January to agree on a recapitalisation agreement...
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