Former Cellcom, Clalit CEO Peterburg Is Surprise Choice as Teva Chairman

The selection of Peterburg was surprising in part because two other candidates were thought to have a better shot at the chairmanship among the Israeli candidates.

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In a surprise move, the board of directors of Teva Pharmaceutical Industries decided on Wednesday to appoint Yitzhak Peterburg, the 63-year-old former CEO of the Cellcom cellular service provider, as its next...