Hospira board has ’short list’ for new CEO

By Bruce Japsen
Posted Oct. 26, 2010 at 10:02 a.m.

Hospira Inc. chief executive officer Christopher Begley said this morning that the company’s board will be interviewing candidates to succeed him in the next two months from a newly-created “short list.”

Begley, the top executive of the Lake Forest-based generic drug and device maker, told Wall Street analysts on the company’s third-quarter earnings call that “several dozen” applicants for his job have been pared down to a “short list.”

Begley did not say how many candidates would be interviewed for the post or when a successor would be named. Hospira is working with executive search firm Egon Zehnder.

Once a new CEO is named, Begley reiterated this morning that he will transition to a role as “executive chairman.”

In August, Begley said he would retire after more than six years in the top job but remain active in the management and operation of the company. Begley, 58, is the only CEO Hospira has had since it spun off from Abbott Laboratories in 2004 into its own publicly traded company.

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