Lonza has fired chief executive officer Stefan Borgas. The news follows the company’s 2011 results, which revealed a 33% profit decline (-46% including the company’s recent acquisition of Arch). According to a company statement, the board made the decision to replace Borgas in the last 48 hours. “CEOs have a responsibility to deliver on expectation and I think our company over the last few years has not fully lived up to the expectation,” said Lonza Chairman Rolf Soiron, according t...