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Organon CEO Kevin Ali Resigns After Contraceptive Sales Probe
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Heartspace News Desk
•Source: Reuters
Photo by Markus Winkler on Unsplash
TL;DR
Organon's CEO, Kevin Ali, is stepping down after an internal investigation uncovered improper sales practices involving Nexplanon, where personnel allegedly urged U.S. wholesalers to buy excessive amounts to meet revenue targets. The Head of U.S. Commercial & Government Affairs was also terminated, and Ali forfeited severance and retirement benefits, with Joseph Morrissey appointed as interim CEO.
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Key takeaways
- Organon CEO Kevin Ali is resigning following an internal investigation into improper sales practices related to the Nexplanon contraceptive implant, the company announced Monday
- The investigation revealed that Organon personnel requested certain U
- wholesalers to purchase excessive amounts of Nexplanon at the end of multiple quarters, allegedly to meet revenue forecasts and external expectations
Organon CEO Kevin Ali is resigning following an internal investigation into improper sales practices related to the Nexplanon contraceptive implant, the company announced Monday. The investigation revealed that Organon personnel requested certain U.S. wholesalers to purchase excessive amounts of Nexplanon at the end of multiple quarters, allegedly to meet revenue forecasts and external expectations.
As a result of the investigation, Organon also terminated its Head of U.S. Commercial & Government Affairs. In connection with his resignation, Ali has forfeited his entitlement to severance and equity-related retirement benefits. Joseph Morrissey, currently Executive Vice President and Head of Manufacturing and Supply, will serve as interim CEO.
Related Topics
OrganonKevin AliresignationNexplanoncontraceptivesales practicesinvestigation
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