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Vasella Steps Down, Jimenez Up At Novartis
by Rick Mullin
February 1, 2010
| A version of this story appeared in
Volume 88, Issue 5
Daniel Vasella, 56, Novartis’ CEO, has stepped down after 14 years. Joe Jimenez, 50, head of Novartis’ pharmaceuticals division, replaces Vasella, who will remain chairman, a position he has held for the past 11 years. Novartis’ board selected Jimenez over Chief Operating Officer Joerg Reinhardt, a German researcher who was instrumental in the development of Novartis’ vaccines business. Reinhardt will leave the company.
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