September 11, 2017 / 9:15 AM / 10 months ago

BRIEF-Incoming Teva CEO says new strategy to address restructuring, debt

Sept 11 (Reuters) - Incoming CEO of Teva Pharmaceutical Industries Kare Schultz made following comments to Reuters:

* Says to develop new strategy to address “various restructuring initiatives” and Teva’s “significant debt”.

* “When I have physically joined Teva I expect that we will develop a joint strategy with the board and management and communicate that”.

* “The strategy will of course have to address the various restructuring initiatives, of which some are already ongoing, and of course address the significant debt that the company has”.

* “I can’t give an exact time for when we will come with the strategy that explains how we will do it”.

* Schultz declined to give more detail on the potential split of the business. Further company coverage: (Reporting by Stine Jacobsen, editing by Louise Heavens)

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