Updated: Teva picks former Sandoz head as new CEO to replace Kåre Schultz
Teva has tapped the former CEO of Sandoz, Richard Francis, to lead the Israeli generics giant, replacing current CEO Kåre Schultz.
Francis led Sandoz, the generics division of Novartis, for five years from 2014 to 2019, leaving as Novartis began making plans to spin out the unit. It’s been a challenging several years for generics companies, which have seen supply chains disrupted, pressure on how much they can charge for drugs, and stock prices in decline.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.