Dr. Dominique Limet is leaving after seven years as the CEO of GSK-owned ViiV Healthcare, which focuses on treatments for HIV. He will be replaced by GSK executive Deborah Waterhouse.

The change was announced early Monday.

“Establishing and then leading ViiV Healthcare for the past seven years has been an incredible honour and extremely fulfilling personally,” Limet said in a statement. I have had the pleasure to work with an exceptional team and am proud of how the business has grown to its current position as a leader in HIV therapy. We have delivered scientific innovation, while listening and better understanding the needs of people living with HIV, allowing us to both do good and do well as a business. The future looks extremely promising for ViiV Healthcare.”

Waterhouse currently is senior vice president for Primary Care in US Pharmaceuticals

The change is set to occur in March, but Waterhouse will become CEO designate on Jan. 1.

GSK owns a majority share in HiiV.

Here is the full announcement from GSK

Dominique Limet to step down as CEO of ViiV Healthcare; Deborah Waterhouse to succeed him

After seven years as CEO of ViiV Healthcare, Dr Dominique Limet will step down at the end of March 2017. Deborah Waterhouse, currently Senior Vice President Primary Care, GSK US Pharmaceuticals, will succeed him, and will take up the CEO Designate role on 1 January 2017.

Dominique started his career as a General Practitioner in France. He joined GSK in 1996 from Ciba Geigy, where he held various marketing and management positions. In 2000, Dominique was appointed General Manager of GSK France. He then became SVP, Southern & Eastern Europe Area Director and then Head of GSK Personalised Medicine Strategy.

Deborah joined GSK in 1996 and is currently SVP Primary Care in US Pharmaceuticals, prior to which she led the US Vaccines business. She brings a wealth of experience to ViiV Healthcare having lived and worked in Europe, Asia and the USA and a strong track record of performance in both specialty and primary care. She led the HIV business in the UK before heading the HIV Centre of Excellence for Pharma Europe, and held international roles as General Manager of Australia and New Zealand and SVP Central and Eastern Europe.

Andrew Witty, Chief Executive Officer, GSK, said: “I want to thank Dominique for the success achieved under his leadership. Since he became CEO of ViiV Healthcare at its creation seven years ago, the business has successfully launched new medicines, established an innovative pipeline and built a strong reputation with healthcare professionals and the HIV community. With these foundations in place, Dominique leaves ViiV Healthcare in a great position. Emma and I are delighted that Deborah will be his successor. She is a dynamic leader who has a real passion to deliver for patients and customers and we are confident that she will continue to develop the business successfully to make a difference for people living with HIV, their families and society as a whole.”

Dominique Limet said: “Establishing and then leading ViiV Healthcare for the past seven years has been an incredible honour and extremely fulfilling personally. I have had the pleasure to work with an exceptional team and am proud of how the business has grown to its current position as a leader in HIV therapy. We have delivered scientific innovation, while listening and better understanding the needs of people living with HIV, allowing us to both do good and do well as a business. The future looks extremely promising for ViiV Healthcare.”

David Redfern, Chairman of ViiV Healthcare, said: “Dominique has been an outstanding leader of ViiV Healthcare. He has helped to create an entirely new company at the forefront of HIV research and treatment development, with a culture that both inspires and delivers strong business performance. I have very much enjoyed working with him and wish him the very best for the future.

I also look forward to working with Deborah, a leader who is known for listening to the customer and to her teams, and someone I know is very passionate about innovation in HIV therapy and access.”

Deborah Waterhouse said: “ViiV Healthcare has an impeccable reputation for strong performance and a culture that thrives on challenge. I’m honoured to have the opportunity to lead such an exciting endeavour, and to build on the advances that Dominique and the ViiV Healthcare organisation have made to HIV treatment and care.”

Cheryl MacDiarmid has been appointed to succeed Deborah as SVP US Pharmaceuticals Primary Care. Cheryl has served as VP US Primary Care Sales since early 2015 and been instrumental in shaping the US Primary Care strategy, delivering performance and renewing the culture of patient and customer focus.  She brings 20 years of deep experience in establishing key brands and building businesses in the US and Canada, and is known for creating and leading engaged, high-performing teams.