Novartis CEO Narasimhan sets up new leadership after four top exits

Narasimhan, who took over as CEO in February, is emphasising the role of digital technology in helping Novartis come up with winning new therapies

Novartis
Vasant Narasimhan, CEO of Novartis, took charge in February | Photo: Reuters
Reuters Zurich
Last Updated : Mar 12 2018 | 8:55 PM IST
Novartis’s new Chief Executive Vasant (Vas) Narasimhan is remaking the Swiss drugmaker’s leadership as operations president Andre Wyss exits and three others including a digital specialist and the company’s top lawyer get executive committee seats.
 
Wyss, who was also Novartis’s Swiss unit head, had been at Novartis since 1984 and was responsible for streamlining production and corporate services. Narasimhan said in a statement on Monday that Wyss will be available to ensure a “proper handover”.
 
Additionally, Novartis elevated three people to its executive committee: Steffen Lang, global head of technical operations; chief ethics officer Shannon Klinger; and chief digital officer Bertrand Bodson, a retail expert hired last year to improve use of data in drug discovery and development.
 
Narasimhan, who took over as CEO in February, is emphasising the role of digital technology in helping Novartis come up with winning new therapies.
 
Last week, he announced plans to use a partner’s mobile phone-based apps to create up to 10 drug trials, to reduce costs and speed recruitment of patients.
 
The elevation of Klinger, who has been chief ethics and compliance officer as well as head of litigation, comes as Novartis aims to bolster its reputation after a string of costly settlements and investigations over alleged bribery, including an ongoing probe in Greece.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story