Lonza appoints Novartis executive as new Chief Financial Officer

Lonza (LONN.S) has appointed former Novartis (NOVN.S) executive Philippe Deecke as its new Chief Financial Officer, the Swiss chemicals company said on Thursday.

Deecke, who was previously Global CFO for Novartis Oncology, will replace Rodolfo Savitzky, who is leaving Lonza for a role at another company. Deecke will join Lonza on Dec. 1.