Sanofi Appoints Belén Garijo as CEO Amid R&D Pipeline Challenges

Sanofi has announced a significant leadership transition, naming Belén Garijo as its new Chief Executive Officer effective April 29. Garijo, the former CEO of Merck KGaA, will succeed Paul Hudson, whose contract the board decided not to renew. The decision follows a period of mounting frustration regarding the company's research and development (R&D) pipeline performance. Despite a substantial increase in investment, the French pharmaceutical giant has struggled to deliver the expected breakthroughs in drug development. Investors are closely watching how Garijo’s extensive industry experience will reshape Sanofi's strategic direction and improve capital allocation. While the appointment of a seasoned veteran is seen as a positive step, the underlying R&D concerns remain a primary focus for the market.