Enrico Vanni - Novartis Chairman

NVS Stock  USD 103.54  0.74  0.71%   

Chairman

Dr. Enrico Vanni, Ph.D., was Independent NonExecutive Vice Chairman of the Board at Novartis Inc. since February 22, 2013. He was Member of the Board of Directors at Novartis AG since 2011 till February 22, 2013. He is Chairman of the Compensation Committee. He is also Member of the Audit and Compliance Committee and the Governance, Nomination and Corporationrationrate Responsibilities Committee. Mr. Vanni retired as director of McKinsey Company in 2007. He is a board member of several companies in industries from healthcare to private banking, including Advanced Oncotherapy PLC in the United Kingdom, and nonlisted companies such as Lombard Odier SA, Banque Privee BCP SA, and Denzler Partners SA all based in Switzerland. He previously served on the boards of Eclosion2 in Switzerland from 2009 to 2017, of Alcon Inc. in Switzerland from 2010 to 2011, and of Actavis PLC in Ireland in 2010 since 2021.
Age 70
Tenure 3 years
Professional MarksMBA
Address Lichtstrasse 35, Basel, Switzerland, 4056
Phone41 61 324 1111
Webhttps://www.novartis.com
Vanni holds an engineering degree in chemistry from the Federal Polytechnic School of Lausanne, Switzerland; a doctorate in chemistry from the University of Lausanne; and a MBA from INSEAD in Fontainebleau, France. He began his career as a research engineer at the International Business Machines Corporation in California, United States, and joined McKinsey in Zurich in 1980. He managed the Geneva office for McKinsey from 1988 to 2004, and consulted for companies in the pharmaceutical, consumer and finance sectors. He led McKinsey’s European pharmaceutical practice and served as a member of the firm’s partner review committee prior to his retirement. From 2008 to 2015, he was an independent consultant, supporting leaders of pharmaceutical and biotechnology companies on core strategic challenges facing the healthcare industry.

Novartis Management Efficiency

The company has Return on Asset of 0.1059 % which means that on every $100 spent on assets, it made $0.1059 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2879 %, implying that it generated $0.2879 on every 100 dollars invested. Novartis' management efficiency ratios could be used to measure how well Novartis manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Novartis' Return On Tangible Assets are comparatively stable compared to the past year. Return On Capital Employed is likely to gain to 0.14 in 2024, whereas Return On Assets are likely to drop 0.11 in 2024. At this time, Novartis' Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 73.2 B in 2024, whereas Other Current Assets are likely to drop slightly above 2.3 B in 2024.
Novartis AG ADR has 26.35 B in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. Novartis AG ADR has a current ratio of 1.28, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Novartis to invest in growth at high rates of return.

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Novartis AG researches, develops, manufactures, and markets healthcare products worldwide. The company was incorporated in 1996 and is headquartered in Basel, Switzerland. Novartis operates under Drug ManufacturersGeneral classification in the United States and is traded on New York Stock Exchange. It employs 108000 people. Novartis AG ADR (NVS) is traded on New York Stock Exchange in USA. It is located in Lichtstrasse 35, Basel, Switzerland, 4056 and employs 76,057 people. Novartis is listed under Pharmaceuticals category by Fama And French industry classification.

Management Performance

Novartis AG ADR Leadership Team

Elected by the shareholders, the Novartis' board of directors comprises two types of representatives: Novartis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Novartis. The board's role is to monitor Novartis' management team and ensure that shareholders' interests are well served. Novartis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Novartis' outside directors are responsible for providing unbiased perspectives on the board's policies.
Steffen Lang, Global Head of Novartis Technical Operations, Member of the Executive Committee
Paul Penepent, Head Accounting
Sloan Simpson, Global Relations
Charlotte Wieser, Corporate Secretary
Joerg Reinhardt, Independent Non-Executive Chairman of the Board
Ton Buechner, Non-Executive Independent Director
Robert PharmD, Chief Officer
Karen Hale, Chief Legal Officer, Member of the Executive Board
Charles Sawyers, Non-Executive Independent Member of the Board
Etienne Jousseaume, Cell Access
Steven Baert, Chief People & Organization Officer, Member of the Executive Committee
John Tsai, Head of Global Drug Development and Chief Medical Officer, Member of the Executive Committee
Richard Saynor, Chief Executive Officer of Sandoz, Member of the Executive Committee
Frans Houten, Non-Executive Independent Director
Nancy Andrews, Non-Executive Independent Director
Daniel Vasella, Honorary Chairman of the Board
Susanne Schaffert, President of Novartis Oncology, Member of the Executive Committee
Enrico Vanni, Lead Independent Non-Executive Vice Chairman of the Board
Bertrand Bodson, Chief Digital Officer, Member of the Executive Committee
Robert Weltevreden, Head of Customer and Technology Solutions, Member of the Executive Committee
Patrick MD, President International
Elizabeth Doherty, Non-Executive Independent Director
Vasant Narasimhan, Global Head of Drug Development and Chief Medical Officer for Novartis, Member of the Executive Committee
Alex Krauer, Honorary Chairman of the Board
Victor Bulto, President Innovative Medicines US, Member of the Executive Board
Fiona Marshall, President Research
Patrice Bula, Non-Executive Independent Director
Charlotte PamerWieser, Corporate Secretary
Shannon Klinger, Chief Risk and Compliance Officer, Group General Counsel
Linda MD, Global Development
Shreeram MD, President Officer
Andreas Planta, Non-Executive Independent Director
William Winters, Non-Executive Independent Member of the Board
Ann Fudge, Non-Executive Independent Director
Srikant Datar, Non-Executive Independent Director
MarieFrance Tschudin, President, Innovative Medicines International and Chief Commercial Officer, Member of the Executive Board
Robert Kowalski, Chief People and Organization Officer
Samir MD, Global Relations
Simon Moroney, Non-Executive Independent Director
James Bradner, President of the Novartis Institutes for BioMedical Research (NIBR), Member of the Executive Committee
Klaus Moosmayer, Chief Ethics, Risk and Compliance Officer, Member of the Executive Committee
Aharon Gal, Chief Officer
Vasant MD, Chief Officer
Harry Kirsch, Chief Financial Officer, Member of the Executive Committee
Bridgette Heller, Non-Executive Independent Director

Novartis Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Novartis a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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