Roche's CFO Erich Hunziker Retires; Alan Hippe Named as Successor
Erich Hunziker, chief financial officer (CFO), chief information officer (CIO) and deputy head of the corporate executive committee, has decided to retire from Roche, a research-focussed healthcare company, at the end of March 2011 and plans to focus on a number of board memberships.
Hunziker was appointed CFO and member of the corporate executive committee in 2001, becoming deputy head of the corporate executive committee in 2005. In 2010 he also assumed the role of CIO. In his 10 years at Roche, Hunziker was one of the key architects of the group’s successful development, building a financial reporting system and an investor relations department that are widely seen as industry benchmarks. Due to his leadership and expertise, the Roche Group gained credit ratings with Standard & Poors (S&P) and Moody’s that enabled Hunziker – in the midst of the global financial crisis – to obtain favourable conditions to finance the privatisation of Genentech.
Roche has appointed Alan Hippe to succeed Hunziker as CFO. He will join Roche as a member of the corporate executive committee as of April 2011. Hippe served as a member of the executive board of Continental from 2002 to 2009. Since April 2009, he has been CFO and a member of the executive board of ThyssenKrupp.