Ashley Magargee will become the CEO of Genentech on Jan. 1, two decades into her tenure at the South San Francisco biotech pioneer, which she joined prior to its $47 billion deal with now-parent Roche.
She’s held the interim post since Nov. 1, when Alexander Hardy left in a surprise move to take the same post at BioMarin. Magargee will report to the CEO of Roche Pharma, Teresa Graham, who herself worked up the corporate ladder of Genentech and Roche on a similar timetable and became the leader of its pharma business in March 2023.
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