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UK's Indivior appoints Joe Ciaffoni as CEO

Published by Global Banking & Finance Review

Posted on February 27, 2025

1 min read

· Last updated: January 25, 2026

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(Reuters) - British drugmaker Indivior on Thursday said it appointed Joe Ciaffoni as its new CEO, replacing current boss Mark Crossley. Crossley, who joined the company in 2012, will be stepping down

Indivior Names Joe Ciaffoni as New CEO, Succeeding Mark Crossley

(Reuters) - British drugmaker Indivior on Thursday said it appointed Joe Ciaffoni as its new CEO, replacing current boss Mark Crossley.

Crossley, who joined the company in 2012, will be stepping down after a near five-year tenure as the company's CEO, Indivior said.

Ciaffoni, an independent non-executive director at the firm since December 2024, will assume the leadership role pending shareholder approval of a new remuneration policy at the annual general meeting in May, the company said in a statement.

Last week, the drugmaker projected a 17% fall in 2025 net revenue, partly due to weak sales of its film-form medication-assisted therapy.

(Reporting by Raechel Thankam Job; Editing by Mrigank Dhaniwala and Varun H K)

Key Takeaways

  • Joe Ciaffoni appointed as Indivior's new CEO.
  • Mark Crossley steps down after five years as CEO.
  • Ciaffoni's appointment pending shareholder approval.
  • Indivior projects a 17% revenue decline in 2025.
  • Leadership change follows weak sales performance.

Frequently Asked Questions

Who has been appointed as the new CEO of Indivior?
Joe Ciaffoni has been appointed as the new CEO of Indivior, replacing Mark Crossley.
What is the reason for Mark Crossley's departure?
Mark Crossley is stepping down after nearly five years as CEO, as announced by Indivior.
When did Joe Ciaffoni join Indivior's board?
Joe Ciaffoni has been an independent non-executive director at Indivior since December 2024.
What financial forecast did Indivior project for 2025?
Indivior projected a 17% fall in net revenue for 2025, partly due to weak sales of its film-form medication-assisted therapy.
What approval is needed for Joe Ciaffoni's leadership role?
Joe Ciaffoni will assume the leadership role pending shareholder approval of a new remuneration policy at the annual general meeting.

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