trending Market Intelligence /marketintelligence/en/news-insights/trending/DvtFot0w3Nr3G5x9q8EvVw2 content esgSubNav
In This List

Spectrum Pharmaceuticals terminates CEO

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


Spectrum Pharmaceuticals terminates CEO

The Spectrum Pharmaceuticals Inc. board terminated Rajesh Shrotriya from his position as CEO without cause.

Joseph Turgeon, the company's president and COO, will take over Shrotriya's position, becoming company president and CEO instead.

Turgeon, who will also become a director of the company, has more than three decades of experience in the pharmaceutical industry, including various executive leadership roles at Amgen Inc.

Thomas Riga, who currently serves as executive vice president, chief commercial officer and head of business development, will transition to the post of COO.

Riga has over 15 years of experience in pharmaceutical sales and management from his time at Amgen Inc., Eli Lilly and Co. and Dendreon Pharmaceuticals Inc.

Meanwhile, current director Stuart Krassner was appointed the chairman of Spectrum Pharmaceutical's board.