A&D Pharma gives up chairman position

A&D Pharma Group, the largest player in the Romanian pharmaceutical industry, has decided to pursue regional expansion through its three business divisions, which all operate locally. A&D Pharma has revised its executive management structure, and has dropped the position of executive chairman, filled by David Ebsworth, who had been appointed to run A&D Pharma’s expansion process on the foreign markets. The decision will come into effect as of January 15. “Originally, the plan was to have an international business and a local one. However, over the past four months, when we were outlining our yearly business plan, we ultimately decided to have three divisions (both locally and internationally), which would follow their own individual development scenarios,” said Dragos Dinu, CEO of A&D Pharma. As a result, while initially, the company considered having one position coordinating A&D Pharma’s territorial expansion, later it revised its policy and decided that each division of the group (distribution, sales & marketing and retail) would follow their own development plan. Ebsworth will preserve his powers as non-executive chairman and will continue to be in charge of developing key relationships with the suppliers and with current and potential clients.