CSL share price higher on key Seqirus appointment

The CSL Limited (ASX:CSL) share price has pushed higher this morning after naming the new leader of its growing Seqirus business…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The CSL Limited (ASX: CSL) share price has edged higher this morning following the announcement of a key appointment.

At the time of writing the biotherapeutics giant's shares are up 0.25% to $223.13.

a woman

What did CSL announce?

This morning CSL Limited announced that it has appointed Ms Anjana Narain as the executive vice president and general manager of its Seqirus business.

CSL's Seqirus business is one of the world's largest influenza vaccines providers.

According to the release, Ms Narain is a seasoned leader in vaccines and biopharmaceuticals and is due to start with the company on August 1, replacing the retiring Gordon Naylor.

CSL's CEO and managing director, Paul Perreault, spoke very highly of Ms Narain. He said: "In leading Seqirus, Anjana brings diverse, broad-based experiences as a well established global industry leader."

Adding: "Anjana has focused on protecting public health throughout her career which will be important in continuing to advance Seqirus' differentiated technologies and further grow its market reach. I look forward to working with Anjana and the rest of our management team in executing our strategy and continuing to sustainably grow our global business."

Ms Narain certainly appears to be a good fit for the fast-growing influenza vaccines provider.

The release explains that she has a track record of strategic vision and strong leadership that has delivered industry-leading performance and sustainable growth.

The new leader of the Seqirus business has 27 years of experience with major pharmaceutical companies such as GSK, Merck, and Bayer.

Importantly, for nine years, Ms Narain led major businesses at GSK, including global influenza commercialisation, US respiratory biologics, and general management of vaccines, primary care and HIV.

She was also a member of the global vaccines commercial leadership team and the intercontinental leadership team.

Ms Narain said: "As a global leader in influenza prevention, Seqirus is well positioned to deliver sustainable growth. I am excited to lead an organisation that is on the front line in protecting public health around the world."

Today's small gain means that CSL's shares are up over 20% since the start of the year. This makes its shares one of the best performers in the healthcare sector along with Cochlear Limited (ASX: COH) shares with their 27% gain and Ramsay Health Care Limited (ASX: RHC) shares with their 25.5% gain.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. and CSL Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

The markets bounced back with vigour this Tuesday.

Read more »

Excited couple celebrating success while looking at smartphone.
Share Gainers

Why Life360, St George Mining, Telix, and Westgold shares are charging higher today

These shares are having a strong session on Tuesday. Let's find out why.

Read more »

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrific start to the trading week this Monday.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrid end to the trading week.

Read more »

Concept image of a businessman riding a bull on an upwards arrow.
Share Gainers

7 ASX 200 stocks racing higher in this week's sinking market

Investors sent these seven ASX 200 stocks flying higher despite this week’s big market retrace. But why?

Read more »

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
Share Gainers

Why Catapult, DroneShield, Karoon Energy, and WiseTech shares are charging higher

These shares are ending the week with a bang. Let's find out why.

Read more »

A panel of four judges hold up cards all showing the perfect score of ten out of ten
Share Gainers

Here are the top 10 ASX 200 shares today

Investors caught a break with a decent recovery from the markets today.

Read more »

Happy work colleagues give each other a fist pump.
Share Gainers

Why Endeavour, Lindian, Magellan, and WiseTech shares are storming higher today

These shares are catching the eye on Thursday. Let's see why they are rising.

Read more »