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Bristol-Meyers Squibb Board Elects New CFO

Bristol-Myers Squibb'sboard has given acting chief financial officer Charles Bancroft the job officially, effective on Thursday, the drugmaker said.

Bancroft has been serving as acting CFO since Jan 1.

He will report to Lamberto Andreotti, the company's chief operating officer who is set to become chief executive officer next month.

Bancroft, who joined Bristol in 1984, replaced Jean-Marc Huet, who left Bristol for consumer goods group Unilever.