Copley Pharmaceutical
Executive Summary
President, founder and Director of Agvar Chemicals Agnes Varis resigns from the Copley board July 24, critical of Hoechst directors for lacking "continuity in the decision-making process." Copley Director Judith Fensterer also resigned, but without comment. The Copley board now consists of three Hoechst representatives, two Copley representatives, and one independent. The search for a CEO continues, while the president's office remains responsible for operations