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Joe Jimenez to retire in February after eight years at the helm
Joe Jimenez
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Emma Walmsley’s lack of experience cited as justification for salary
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Company says that fourth-quarter core net income fell 5 per cent to $2.707bn
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Currency fluctuations undermine CEO’s efforts to increase profitability
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Income for core businesses climbed 9 per cent in the quarter to $3.65 billion
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Transactions worth $140bn so far this year include asset swap between Novartis and GlaxoSmithKline
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Bayer also preparing for potential auction of unit
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Pharma firm will expand in faster-growing areas of healthcare
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