LONDON -- GSK Chief Executive Emma Walmsley, the first woman to lead a major pharmaceutical company, will step down Dec. 31 after more than eight years at the head of the London-based drugmaker. Walmsley, 56, will be replaced by Luke Miels, currently GSK’s chief commercial officer, the company said in a statement released on Monday. While GSK achieved a number of strategic successes under Walmsley, including the spinoff of the consumer health care business Haleon, it has disappointed investors. GSK’s shares rose 3.3% to 1534.50 pence in early trading, making it the biggest gainer on the London Stock Exchange. GSK’s shares fell 11% between April 1, 2017, when Walmsley became CEO, and last Friday. “Despite the progress, the share price performance has been lackluster,” Derren Nathan, head of
CEO of drugmaker GSK to step down by year's end

84