CEO of Barry Sherman-founded Apotex resigns ‘to pursue other opportunities’

Apotex founder Barry Sherman and his wife Honey were found dead in their Toronto home on Dec. 15.HO-United Jewish Appeal/The Canadian Press

Jeremy Desai, president and chief executive of generic drug maker Apotex Inc., which was founded by the late Barry Sherman, has resigned, the company announced Friday.

In a statement provided to the Post, Apotex said Desai was leaving the company “to pursue other opportunities.” The company also announced Apotex vice-chairman Jack Kay would return to the CEO role, a position he occupied four years ago, with president of global generics Jeff Watson becoming the company’s president and chief operating officer.

“We thank Jeremy for his contributions and wish him success in the next phase of his career,” Apotex said in the statement. Apotex spokesperson Jordan Berman declined to elaborate on Desai’s reasons for leaving, saying the company does not comment on personnel matters.