Harry Kirsch - Novartis Chief Officer

NVSEF Stock  USD 98.25  6.75  6.43%   

Executive

Mr. Harry Kirsch was Chief Financial Officer and Member of the Executive Committee of Novartis Inc. since May 1, 2013. Mr. Kirsch joined Novartis in 2003 and, prior to his current position, served as CFO of the Companys Pharmaceuticals Division. Under his leadership, the divisions core operating income margin increased, in constant currencies, every quarter of 2011 and 2012 despite patent expirations. At Novartis, he also served as CFO of Pharma Europe, and as Head of Business Planning Analysis and Financial Operations for the Pharmaceuticals Division. Mr. Kirsch joined Novartis from Procter Gamble in the United States, where he was CFO of PGs global pharmaceutical business. Prior to that, he held finance positions in various categories of PGs consumer goods business, technical operations, and Global Business Services organization. Mr. Kirsch holds a diploma degree in industrial engineering and economics from the University of Karlsruhe in Germany. From 2015 to 2018, he represented Novartis on the board of GlaxoSmithKline Consumer Healthcare Holdings Ltd. since 2013.
Age 58
Tenure 11 years
Phone41 61 324 1111
Webhttps://www.novartis.com

Novartis Management Efficiency

The company has return on total asset (ROA) of 0.0645 % which means that it generated a profit of $0.0645 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1093 %, meaning that it generated $0.1093 on every $100 dollars invested by stockholders. 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.
Novartis AG has accumulated 20.24 B in total debt with debt to equity ratio (D/E) of 0.47, which is about average as compared to similar companies. Novartis AG has a current ratio of 1.28, suggesting that it may not be capable to disburse its financial obligations in time and when they become due. Debt can assist Novartis until it has trouble settling it off, either with new capital or with free cash flow. So, Novartis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Novartis AG sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Novartis to invest in growth at high rates of return. When we think about Novartis' use of debt, we should always consider it together with cash and equity.

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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 OTC Exchange. It employs 104323 people. Novartis AG [NVSEF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Novartis AG 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.
Richard Saynor, Chief Sandoz
Steffen Lang, Global Head of Novartis Technical Operations, Member of the Executive Committee
MarieFrance Tschudin, Pres Officer
Paul Penepent, Head Accounting
Samir MD, Global Relations
Robert PharmD, Chief Officer
Klaus Moosmayer, Chief Ethics Risk and Compliance Officer, Member of the Executive Committee
Karen Hale, Chief Officer
Vasant Narasimhan, Global Head of Drug Development and Chief Medical Officer for Novartis, Member of the Executive Committee
Harry Kirsch, Chief Officer

Novartis Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet 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.

Currently Active Assets on Macroaxis

Other Information on Investing in Novartis Pink Sheet

Novartis financial ratios help investors to determine whether Novartis Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novartis with respect to the benefits of owning Novartis security.