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Nobel Biocare CEO Domenico Scala will stay!
By Amarendra Bhushan for CEOWORLD Magazine Updated:November 5, 2008
Get CEOWORLD Magazine digital monthly version. special- Top Capital Cities for a business Traveler, # Interview with Minister of Tourism of Greece. 1 Issues Subscription= $1 Only, 10 Issues Subscription= $5 Only. Grab your copy now!!!!Swiss dental implant maker Nobel Biocare Holding AG said on Wednesday talk that chief executive Domenico Scala was to leave the company was unfounded.
“There are no indications that the chief executive will change,” a Nobel Biocare spokesman told Reuters.
Shares of the world’s largest maker of dental implants rose some 5 percent, outperforming an overall weaker Swiss market, with traders citing talk of a CEO change as a reason. The shares have fallen some 65 percent this year on disappointing results.
“Nobel has cancelled an event,” one trader said, adding that this had triggered speculation the CEO was about to leave or that the company could be taken over, with U.S. healthcare firm Johnson & Johnson (JNJ.N: Quote, Profile, Research, Stock Buzz) (J&J) named as one candidate.
Domenico Scala
(b 1965, Swiss)
Chief Executive Officer
Employed since 2007
Domenico Scala was appointed Deputy CEO of Nobel Biocare Holding AG on 30 July 2007 and became CEO on 1 September 2007. From 2003 until July 2007, he was the Chief Financial Officer of Syngenta International AG (agribusiness) and a member of the Syngenta Executive Committee. Before joining Syngenta, Domenico Scala held various leading positions in finance with Roche Holding AG (healthcare, 1995–2003). He joined Roche in Corporate Finance as Area Controller and was promoted to Head of Company Financing and Controlling in 1999, and in 2001 he became Group Treasurer of Roche. He joined Roche from Panalpina (forwarding and logistics services, 1993-1995), where he was Finance Director of Panalpina Italy SpA. Domenico Scala started his career with Nestlé (nutrition, 1990-1993) in Internal Audit where he was appointed Senior International Auditor.
Education:
Degree in economics with a specialization in corporate finance from the University of Basel. Executive Development degrees from INSEAD and London Business School.
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