Onyx Pharmaceuticals Inc (ONXX)

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Onyx names new CEO, Renton to step down as chairman
Tuesday February 26, 2:08 pm ET

Emeryville's Onyx Pharmaceuticals Inc. has tapped Dr. Anthony Coles as its new president and chief executive officer and a member of the board of directors, the company said Tuesday.

He will succeed Hollings Renton at Onyx (NASDAQ: ONXX - News). Renton announced his retirement plans last October. Renton had said he would remain as chairman, but the company said Tuesday he would retire on the same date.

Coles is the former chief executive and member of the board of directors of NPS Pharmaceuticals Inc., a biotechnology company in Bedminster, N.J.

Before that, he held management roles at several other East Coast pharmaceutical companies including Vertex Pharmaceuticals Inc., Bristol-Myers Squibb Co. and Merck & Co. Inc.