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Indian-origin Vasant Narasimhan to head $48 billion pharma giant Novartis

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vgane

Well-known member
Hearty Congratulations to Vasant!

Indian-origin Vasant Narasimhan to head $48 billion pharma giant Novartis

At present, he holds the post of global head of drug development and chief medical officer

Aneesh Phadnis | Mumbai Last Updated at September 5, 2017


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Vasant (Vas) Narasimhan

Vasant (Vas) Narasimhan has been named as the global chief executive officer (CEO) of the Swiss pharmaceutical giant Novartis, making him the first Indian origin person to hold the post in a large pharma multinational.


Narasimhan, 41, a doctor from Harvard Medical School, is a second-generation immigrant in the US. His parents moved there from Tamil Nadu in the 1970s. He has been with Novartis since 2005. At present, he holds the post of global head of drug development and chief medical officer and will assume the new post from February. Before joining Novartis, he worked at McKinsey & Co.


Narasimhan replaces incumbent Joseph Jimenez who reshaped the pharma company through business swaps and sharpened its focus on new drug development in the wake of patent expiries of top selling drugs Diovan and Gleevec.


According to Bloomberg, Narasimhan is the youngest among new CEOs in a large pharma company. Emma Walmsley, who took charge as global CEO of GlaxoSmithKline in April, is 48. David Ricks, who became CEO of Eli Lilly & Co in January, is 50.

“We will continue our legacy of bringing leading innovation to patients around the world. With our recent launches, our strong pipeline, broad capabilities, world-class leadership team and committed people, I am confident about our future,” Narasimhan said in a statement.

In 2016, Novartis notched sales of $48.5 billion and spent $9 billion on research and development globally. Its products are sold in 155 countries, including in India where it operates through a listed entity. Novartis also runs a development centre in Hyderabad, which supports its global clinical trials. Novartis India reported sales of Rs 656 crore in FY17.

Subhanu Saxena, who previously held leadership roles in Cipla and Novartis, believes Narasimhan would be able to rejuvenate the pipeline and show that innovation and access can go hand in hand to benefit millions of patients. “Joe (Joseph Jimenez) has left a more focused legacy for Vas, yet there is still much to do to build a leading pipeline and sharpen focus further," Saxena said.

“The appointment is extremely significant and is indicative of the growing stature of life-sciences professionals from India,” said Utkarsh Palnitkar, national head (life-science practice) of KPMG India.

Indians have made it to leadership roles in other big pharma companies, too, at the global level. Udit Batra serves on the executive board of German drugmaker Merck and is also the CEO of its life-science division. Ameet Nathwani, a British citizen of Indian origin, is executive vice-president of medical affairs at Sanofi.

Global CEOs of Indian origin

  • Microsoft – Satya Nadella
  • Google – Sundar Pichai
  • Pepsi – Indra Nooyi
  • Adobe – Shantanu Narayen
  • Diageo – Ivan Menezes
  • RB - Rakesh Kapoor
Note – RB was earlier known was Reckitt Benckiser
http://www.business-standard.com/ar...ion-pharma-giant-novartis-117090401068_1.html
 

Raji Ram

Gold Member
Gold Member
Dear Ganesh,

We Indians feel proud when a person of Indian origin excels in some field. But, Ram has a cousin,

who says that he loves to call himself an American because he is an American citizen!

Some people forget their mother land! :nod:
 

tbs

Well-known member
Dear Ganesh,

We Indians feel proud when a person of Indian origin excels in some field. But, Ram has a cousin,

who says that he loves to call himself an American because he is an American citizen!

Some people forget their mother land! :nod:
hi

all these are mainly americans tooo.....initally all are NRIs....MEANS NON RESIDENT INDIANS.....later till end they are NRIs too..

here it is called...NEVER RETURNED INDIANS....ANY WAY...all indians are some kind of NRIs...

Global CEOs of Indian origin


  • Microsoft – Satya Nadella
  • Google – Sundar Pichai
  • Pepsi – Indra Nooyi
  • Adobe – Shantanu Narayen
  • Diageo – Ivan Menezes
  • RB - Rakesh Kapoor
 
OP
OP
V

vgane

Well-known member
Dear Ganesh,

We Indians feel proud when a person of Indian origin excels in some field. But, Ram has a cousin,

who says that he loves to call himself an American because he is an American citizen!

Some people forget their mother land! :nod:

Can we blame upbringing for this? Also after 2 generations the Indian connections fade...It is one's choice...May be called selective dementia!!
 

renuka

Gold Member
Gold Member
Citizenship is different.
If one holds American citizeship then one is American.

One cant claim to be Indian while holding a US citizenship.

Indian is a person who holds Indian citizenship.


Racial genetics are a different scenario all together.

One cant milk USA yet claim to be loyal to India.
 
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