Michel Lagarde has been appointed as president of Patheon, effective immediately. In this newly created role, Lagarde will lead global corporate and cross-enterprise operations and report to Patheon Chief Executive Officer (CEO) James Mullen. Mullen will continue to direct the company's global growth strategy, as well as oversee the Patheon's business segments, sales and marketing, talent, and quality functions.

Lagarde joins Patheon from JLL Partners, a private-equity firm. For the last eight years, he has been working with several of JLL's portfolio companies in the healthcare and pharma services sectors as managing director, including Patheon. He served as a member of Patheon's Board of Directors since 2011.

Prior to joining JLL, Lagarde served as CEO and chief financial officer (CFO) of the Domestic Appliances and Personal Care division of Philips Electronics North America. Prior, he served as CFO of Philips Electronics in Indonesia and financial controller of Philips Electronics Hong Kong, where he was responsible for a $1 billion industrial footprint.

As a result of his appointment and in keeping with corporate governance best practices, Lagarde has stepped down from Patheon's Board of Directors.

Source: Patheon