Patheon (Toronto) announced that Wesley P. Wheeler, the company’s chief executive officer and president, has left the company.

Ramsey Frank, Patheon’s chairman stated, “We want to thank Wes for his contributions to establishing Patheon as a leading provider of contract development and manufacturing services to the global pharmaceutical industry. Patheon has become a financially strong company and demonstrates solid performance. Now, the Board of Directors feels that the company has reached a stage where new leadership is required to help Patheon realize its full potential as an industry leader.”

The company also announced the appointment of Peter Bigelow, president of Patheon’s North American operations, as interim chief executive officer.

“The Board has a high degree of confidence in Peter and the company’s Executive Committee to continue to lead Patheon. An external recruiting firm has been retained to conduct a search for a new CEO,” Frank added.

Date: December 1, 2010
Source: Patheon