Bristol-Myers Names New CEO

Bristol-Myers Squibb (BMY) is getting a new CEO. The U.S. pharmaceutical giant announced late today that Dr. Giovanni Caforio, 50, will take over as chief executive effective May 5, replacing Lamberto Andreotti in the post. Andreotti, 64, will become Bristol’s executive chairman until his retirement slated for Aug. 3, succeeding Jim Cornelius. At that time, [...]