PPD CEO resigns
WILMINGTON, NC (WWAY) — Just weeks after going private PPD is looking for a new CEO.
Raymond Hill resigned effective yesterday. He came to the wilmington-based pharmaceutical research firm in september.
A PPD spokesman says the search for a new CEO is underway, and the company hopes to have the person in place in the near future. In the meantime, an executive committee of four members of senior leadership will be in charge of day-to-day management and operations.
Founder Fred Eshelman has also agreed to serve as senior advisor to the new board of directors through next year.
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