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Takeda chief confronts growing pains -- and lack of growth -- without old ally

Christophe Weber needs some successes in his hunt for new-drug candidates

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Christophe Weber became president of Japanese drugmaker Takeda in June 2014.   © Reuters

OSAKA -- Takeda Pharmaceutical President Christophe Weber is under increasing pressure to prove that his rapidly globalizing Japanese company can return to earnings growth, a task the French-born CEO will have to face without the chairman who supported his rise.

Yasuchika Hasegawa retired as chairman at the close of Wednesday's shareholders meeting but will stick around with the title of corporate counselor. Stockholders angry over the drugmaker's lackluster earnings performance on his watch tried to abolish the new post, making for a tense moment at the meeting in Osaka.

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