Bavarian Nordic CEO Steps Down After Failed $3 Billion Deal

Bavarian Nordic A/S’s Chief Executive officer Paul Chaplin will step down, marking the second major leadership shake-up at the vaccine maker since shareholders torpedoed a takeover bid last year.

Chaplin, who joined Bavarian in 1999 and has led the company since 2014, will leave for personal reasons at the end of this year or once a successor is appointed, the Danish company said in a statement Monday.