Gilead Sciences CEO Milligan to Depart for “New Opportunities”

John Milligan will step down as president and CEO of Gilead Sciences (NASDAQ: [[ticker:GILD]]) at the end of the year, the Foster City, CA company announced Wednesday. Milligan’s departure will end a 28-year career with the company. In a prepared statement, Milligan said he would move on to “new and different opportunities.” Milligan will also leave his seat on Gilead’s board of directors. A search for Milligan’s successor is underway. Gilead also announced that board chairman John Martin will step down. Martin will leave the board when a new CEO joins Gilead.

Author: Frank Vinluan

Xconomy Editor Frank Vinluan is a business journalist with experience covering technology and life sciences. Based in Raleigh, he was a staff writer at the Triangle Business Journal covering technology, biotechnology and energy before joining MedCityNews.com as North Carolina bureau chief. Prior to moving to North Carolina’s Research Triangle in 2007 he held business reporting positions at The Des Moines Register and The Seattle Times.