Joe Jimenez to retire in February after eight years at the helm
Emma Walmsley’s lack of experience cited as justification for salary
Company says that fourth-quarter core net income fell 5 per cent to $2.707bn
Currency fluctuations undermine CEO’s efforts to increase profitability
Income for core businesses climbed 9 per cent in the quarter to $3.65 billion
Transactions worth $140bn so far this year include asset swap between Novartis and GlaxoSmithKline
Bayer also preparing for potential auction of unit
Pharma firm will expand in faster-growing areas of healthcare
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