It's old news." He “is highly regarded as chief medical officer and has had increasing exposure to investors over the past few quarters and company events,” Meunier wrote in a note to clients. They became close to each other while organizing an Asian cultural festival in 1998 and proceeded to work together on several projects in developing countries like Africa, Asia, and North and South America. Leaders With Lacqua: Novartis CEO Vasant Narasimhan. “Joe had made quite significant steps forward in leading the company through a difficult phase.”. In 2005, he joined Novartis, a Swiss multinational pharmaceutical company based in Basel, which is considered one of the largest pharmaceutical companies in the world. Learn about the Executive Committee of Novartis, responsible for overseeing the business operations of Group companies, and CEO Vas Narasimhan. Sep 4, 2020. He is also an elected member of the US National Academy of Medicine. — With assistance by Kanoko Matsuyama, and James Paton.
He is expected to replace Joseph Jimenez, the incumbent CEO, in February 2018. The patent expiry of top-selling drugs “was a difficulty that had to be mastered,” Reinhardt said. Novartis still paid Cohen $1.2 million. Vas Narasimhan met Srishti Gupta, daughter of Dr. and Mrs. Jagdish K. Gupta, while studying for his medical degree. In 1997, when Ciba-Geigy & Sandoz merged, Mr. Watson became President & CEO of Novartis Corporation, the US subsidiary of Novartis AG.
The couple eventually tied the knot in 2003 with the blessings of their parents.
The former H.J. Also Known As: Vasant Narasimhan, Vasant Kalathur Narasimhan, See the events in life of Vas Narasimhan in Chronological Order. By 2008, he had been made the Vice President, US Marketing of the Novartis Vaccines and Diagnostics franchise. Narasimhan, an American citizen of Indian origin, is the youngest among a group of new chieftains at global pharmaceutical companies: Emma Walmsley, 48, in April took the helm at London-based GlaxoSmithKline Plc, becoming the only woman to run one of the world’s largest drugmakers. Novartis AG manufactures pharmaceutical and consumer healthcare products. Wells Fargo Fires More Than 100 Workers for Abusing U.S. Aid, Stocks Fall as Stimulus Hopes Fade, Banks Slump: Markets Wrap, J&J Halts Covid-19 Vaccine Trial Due to Unexplained Illness, Apple iPhone 12 5G Line Wins Praise for Lower Prices, New Sizes, France Orders Curfews; Texas Hot Spots Strained: Virus Update. Vasant Narasimhan, 41, chief medical officer and global head of drug development at the Basel, Switzerland-based company, will succeed Jimenez from Feb. 1, Novartis said in a statement on Monday. He received his medical degree from Harvard Medical School in the U.S. and obtained a master’s degree in public policy from Harvard’s John F. Kennedy School of Government. Both of his parents are highly accomplished professionals and ensured that their young son received the best possible education. Novartis’s board conducted “a thorough evaluation of internal and external candidates” with help from an executive search firm, Chairman Joerg Reinhardt said.
Jimenez, 57, who will retire at the end of January, said his family is ready to return to Silicon Valley after spending 10 years in Switzerland. “You come in, you see what you want to change, you change it, and then it’s time to pass it on to a successor.”.
Prior to joining Novartis, he worked at McKinsey & Company and had also served as Global Head of the Sandoz Biopharmaceuticals and Oncology Injectables business unit. After the completion of their projects, they went on a camping trip to Mount Kilimanjaro where Narasimhan proposed to Srishti—more than 19,000 feet above sea level!
Jimenez is handing over the reins at a crucial juncture, with the drugmaker yet to make a decision on the future of its ailing Alcon eye-care business or its stake in crosstown rival Roche Holding AG.
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