Slaoui Fired From Startup's Board Over Sexual-Harassment Allegations -- Update
March 24 2021 - 6:57PM
Dow Jones News
By Joseph Walker
Moncef Slaoui, a veteran pharmaceuticals executive who helped
lead the U.S. government's investment in Covid-19 vaccine
development, has been fired as chairman of the board of a
biotechnology startup backed by GlaxoSmithKline PLC and
Google-parent Alphabet Inc. following an investigation into
allegations of sexual harassment.
Glaxo, a U.K.-based drugmaker, received a letter last month
alleging that Dr. Slaoui several years ago had committed acts of
sexual harassment and inappropriate conduct toward a Glaxo
employee, Glaxo Chief Executive Emma Walmsley said in a companywide
email to employees reviewed by The Wall Street Journal.
The alleged misconduct occurred while Dr. Slaoui was employed by
Glaxo, where he led the company's vaccines unit and sat on the
board of directors before retiring in 2017.
Glaxo said it hired a law firm to conduct an investigation and
that the law firm substantiated the allegations.
The investigation led to the termination of Dr. Slaoui's job as
chairman of Galvani Bioelectronics, a medical research company
formed as a joint venture by Glaxo and Alphabet subsidiary Verily
Life Sciences, Glaxo said. Glaxo is Galvani's majority
shareholder.
"Dr. Slaoui's behaviors represent an abuse of his leadership
position and violate our company policies, our values, and our
commitment to Trust," Ms. Walmsley said in the email to
employees.
"I would like to apologize unreservedly to the employee
concerned and I am deeply sorry for any distress caused," Dr.
Slaoui said in a statement late Wednesday. "I have the utmost
respect for my colleagues and feel terrible that my actions have
put a former colleague in an uncomfortable situation."
Dr. Slaoui said he is taking an immediate leave of absence from
his professional responsibilities to focus on his family. "I will
work hard to redeem myself with all those that this situation has
impacted," he said in the statement.
A Glaxo spokeswoman declined to specify the allegations made
against Dr. Slaoui. Grace Speights, a partner with Morgan, Lewis
& Bockius LLP who Glaxo said is leading the investigation into
Dr. Slaoui on Glaxo's behalf, didn't immediately respond to an
interview request.
Verily was informed by Glaxo of its decision to remove one of
its appointees, Dr. Slaoui, from the board, which it is entitled to
do under terms of the joint venture, a Verily spokeswoman said. "We
support GSK's efforts to provide a safe and inclusive workplace for
their employees," she said.
"Abuse of leadership position, in any form, will not be
tolerated. Where we find evidence of inappropriate behavior, we
take swift and firm action, including withholding pay and
termination," Ms. Walmsley said in her email to employees.
Last year, Dr. Slaoui was appointed by former President Donald
Trump to serve as chief science adviser to Operation Warp Speed, a
federally funded effort to fund the rapid development and purchase
of vaccines for Covid-19.
He spoke frequently with the media about the effort's progress
in developing and manufacturing vaccines from companies including
Moderna Inc., where he had previously served as a director.
Dr. Slaoui resigned from his government position earlier this
year following the election of President Biden.
At Glaxo, Dr. Slaoui was a prominent and highly regarded
executive. The company named its first U.S. vaccine research
facility the Slaoui Center for Vaccines Research Center. Glaxo
intends to remove Dr. Slaoui's name from the center in Rockville,
Md., and rename it, Ms. Walmsley told employees.
Write to Joseph Walker at joseph.walker@wsj.com
(END) Dow Jones Newswires
March 24, 2021 18:42 ET (22:42 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
GSK (NYSE:GSK)
Historical Stock Chart
From Oct 2024 to Nov 2024
GSK (NYSE:GSK)
Historical Stock Chart
From Nov 2023 to Nov 2024