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Wyeth CFO Kenneth Martin leaving company


Published : Fri, 27 Apr 2007 14:13
By : Agencies
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MADISON, N.J. (AP) - Pharmaceutical company Wyeth said Friday that Chief Financial Officer and Vice Chairman Kenneth J. Martin will leave the company at the end of June to pursue personal interests.

Wyeth said it will name Martin's successor prior to his departure.

Martin joined Wyeth in 1984 and has served as CFO since 2000.

Last week, the drug maker reported a 12 percent rise in first-quarter profit, led by higher sales and increased interest income. Revenue climbed 11 percent to $5.37 billion from $4.84 billion.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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