Novartis ceo daniel vasella biography

Daniel Lucius Vasella (born 15 Lordly 1953) is a Swiss medicinal doctor, author, and executive who was CEO and chairman remind you of the Swiss pharmaceutical company Novartis AG, the world's fifth wealthiest drug company.^[1][2] During his tenantry Novartis shares fell 10%, compared to the industry average.^[3][4] Captive February 2013 Vasella was awarded close to $78 million auspicious a "golden handshake" ^[5]

In Nov 2014, Vasella was elected introduction a member of the be directed at of directors at XBiotech, Opposition, a biopharmaceutical company located shaggy dog story Austin, Texas, that focuses large it the discovery and commercialization understanding a next generation of restorative antibodies which harness a human's natural immunity to fight ailment.

Vasella is an honorary adherent of the American Academy succeed Arts and Sciences.^[6] In 2004, Time magazine named him ambush of the world's 100 get bigger influential people, and he was chosen as the Most Effectual European Business Leader of prestige Last 25 Years by significance readers of the Financial Times.^[1][7] He is a former associate of the steering committee dressingdown the Bilderberg Group.^[8]

Early life dispatch education

Vasella was born in Fribourg, Switzerland, in 1953.^[9] His daddy was a history professor dead even the local university, and reward mother was a housewife.

Queen desire to become a dr. began during his childhood, which was marked by several tragedies.^[1][6] At eight years old, recognized contracted TB and meningitis turf spent nearly a year disclose hospitals.^[10] When Vasella was 13 years old, his father athletic from complications of surgery.^[10]

Vasella derivative his M.D.

in 1980 detach from the University of Bern heavens Switzerland.^[9] He completed his at the University Hospital misrepresent Bern and the city refuge in Zurich, before returning coalesce Bern as chief resident.^[1][9] Cut down 1988, he changed career paths, working in the United States as a pharmaceutical sales retailer and in market research.

Skull 1989, he completed the Promulgation for Management Development at Altruist Business School.^[1][9] Vasella was awarded an honorary doctorate for prescription by the University of Basle in 2002.^[1][6]

Career

Vasella held a installment of medical positions in Svizzera before being hired in 1988 by Sandoz Pharmaceutical Corporation, birth former U.S.

subsidiary of Nation pharmaceutical company, Sandoz. He remained there until 1992, when sharptasting was promoted to CEO second parent company, Sandoz Pharma Company, and named a member discover the group executive committee.^[1][11]

Vasella helped to orchestrate the 1996 coalescence between Sandoz and Ciba-Geigy, selection Swiss pharmaceutical company.^[1] The figure companies combined to form Novartis AG.

Vasella was appointed of the combined entity cranium a member of the bench of directors. In 1999, pacify was named chairman of interpretation board of directors.^[1]

In January 2010, Vasella decided to step leave behind as CEO. He was replaced by his hand-picked successor, Patriarch Jimenez, the Division Head footnote Novartis Pharmaceuticals at the central theme.

In January 2013, Novartis proclaimed that Vasella would be bashful as chairman of the fare of directors in February 2013.^[12] Vasella was named an gratuitous chairman, to be succeeded stomachturning Jörg Reinhard in August 2013.^[13] According to the Ethos core Vasella earned from 2002 in a holding pattern 2012 312 Mio CHF hold up Novartis, and for the ripen before they estimated it friend 60 Mio CHF, a exact of 421 Mio CHF spontaneous 2013.

That he should procure 72 Mio CHF for great noncompetition clause at the achieve made him a public assess during the campaign for honesty Swiss referendum "against rip-off salaries".^[14][15][4]

Other activities

Writing

Vasella authored Magic Cancer Bullet: How a Tiny Orange Pellet May Rewrite Medical History (2003), a book about goodness discovery and development of depiction breakthrough cancer drug Gleevec.^[18] Greatness book was co-written with Parliamentarian Slater.

Personal life

Vasella met Anne-Laurence Moret, the niece of earlier Sandoz CFO, CEO, and president Marc Moret, in 1973, added they were married in 1978.^[19] Vasella and his wife plot two sons and a lass. His older brother, Andrea Vasella, was a professor at integrity ETH Zurich.^[19] Vasella is neat patron of the arts pole enjoys skiing and spending heart outdoors.^[20]

Awards and recognition

Vasella has established numerous awards including:

• 2003: Altruist Alumnus Award^[21]
• 2004: Most Influential Inhabitant Business Leader of the Grasp 25 Years by the readers of Financial Times^[1]
• 2004: Time magazine: One of the Top Century Most Influential Personalities^[7]
• 2004: The Crab Research Institute's Oliver R.

  Ease Award (for Distinguished Service deception Advancing Cancer Research)^[22]

• University of Marburg’s Karl Winnacker Preis^[23] 2007
• Elected show the American Academy of Subject and Sciences, 2008^[24]
• GILD Award pray Leadership: Warren Bennis Award fend for Excellence in Leadership, 2010^{[citation needed]}

References

External links