GSK Chairman Hampton to Step Down Ahead of Split

GSK Chairman Hampton to Step Down Ahead of Split
Signage for GlaxoSmithKline is seen on its offices in London, Britain, March 30, 2016. Reuters/Toby Melville/File Photo
Reuters
Updated:

GlaxoSmithKline Plc. Chairman Philip Hampton will step down after more than three and a half years in the role, as Britain’s biggest drugmaker prepares to split its business into two.

The announcement comes a month after GSK’s Chief Executive Emma Walmsley announced her boldest plans yet—to split the company into two businesses—one for prescription drugs and vaccines, the other for over-the-counter products.