Biotech
Pfizer Raises Profit Goals and Names New CFO
Pfizer raised its financial forecast for the year and named company veteran Cecile Guegan as its new finance chief.
Pfizer expects bigger profits this year. The drugmaker raised its financial targets after strong sales across its business.
The company also picked a familiar face to guide its money decisions. Cecile Guegan now serves as the chief financial officer. She worked at Pfizer for 20 years in several top leadership jobs.
Guegan took the finance role earlier this month. Her deep background gives the company steady leadership as it builds new medicines.
A higher outlook shows confidence in the company's path ahead. For everyday investors, steady leadership and rising sales signal strength in a changing drug market.
Source: CNBC
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