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Daniel Vasella

Daniel Lucius Vasella (born 15 August 1953) is a Swiss medical doctor, author, and executive who served as CEO and chairman of the Swiss pharmaceutical company Novartis AG, the world's fifth largest drug company. During his tenure Novartis shares fell 10%, compared to the industry average. In February 2013 Vasella was awarded close to $78 million in a "golden handshake"

Daniel Vasella
Vasella at the World Economic Forum in Davos, 2013
Born (1953-08-15)15 August 1953 (age 68)
Fribourg, Switzerland
Alma materUniversity of Bern (MD)
OccupationBusinessman
Spouse(s)Anne-Laurence
Children3

In November 2014, Vasella was elected as a member of the board of directors at XBiotech, Inc, a biopharmaceutical company located in Austin, Texas, that focuses on the discovery and commercialization of a next generation of therapeutic antibodies which harness a human's natural immunity to fight disease. Vasella is an honorary member of the American Academy of Arts and Sciences. In 2004, Time magazine named him one of the world's 100 most influential people, and he was chosen as the Most Influential European Business Leader of the Last 25 Years by the readers of the Financial Times. He is a former member of the steering committee of the Bilderberg Group.

Contents

Vasella was born in Fribourg, Switzerland, in 1953. His father was a history professor at the local university, and his mother was a housewife. His desire to become a doctor began during his childhood, which was marked by several tragedies. At eight years old, he contracted TB and meningitis and spent nearly a year in hospitals. When Vasella was 13 years old, his father died from complications of surgery.

Vasella obtained his M.D. in 1980 from the University of Bern in Switzerland. He completed his residency at the University Hospital in Bern and the city hospital in Zurich, before returning to Bern as chief resident. In 1988, he changed career paths, working in the United States as a pharmaceutical sales representative and in market research. In 1989, he completed the Program for Management Development at Harvard Business School. Vasella was awarded an honorary doctorate for medicine by the University of Basel in 2002.

Vasella held a number of medical positions in Switzerland before being hired in 1988 by Sandoz Pharmaceutical Corporation, the former U.S. subsidiary of Swiss pharmaceutical company, Sandoz. He remained there until 1992, when he was promoted to CEO of parent company, Sandoz Pharma Ltd., and named a member of the group executive committee.

Vasella helped to orchestrate the 1996 merger between Sandoz and Ciba-Geigy, another Swiss pharmaceutical company. The two companies combined to form Novartis AG. Vasella was appointed CEO of the combined entity and a member of the board of directors. In 1999, he was named chairman of the board of directors.

In January 2010, Vasella decided to step down as CEO. He was replaced by his hand-picked successor, Joseph Jimenez, the Division Head of Novartis Pharmaceuticals at the time.

In January 2013, Novartis announced that Vasella would be retiring as chairman of the board of directors in February 2013. Vasella was named an honorary chairman, to be succeeded by Jörg Reinhard in August 2013. According to the Ethos foundation Vasella earned from 2002 until 2012 312 Mio CHF from Novartis, and for the years before they estimated it to 60 Mio CHF, a total of 421 Mio CHF in 2013. That he should get 72 Mio CHF for a noncompetition clause at the end made him a public figure during the campaign for the Swiss referendum "against rip-off salaries".

  • Numab Therapeutics, Member of the Board of Directors (since 2019)
  • Bill & Melinda Gates Foundation, Member of the Global Health Program Advisory Panel (since 2008)

Vasella authored Magic Cancer Bullet: How a Tiny Orange Pill May Rewrite Medical History (2003), a book about the discovery and development of the breakthrough cancer drug Gleevec. The book was co-written with Robert Slater.

Vasella met Anne-Laurence Moret, the niece of former Sandoz CFO, CEO, and chairman Marc Moret, in 1973, and they were married in 1978. Vasella and his wife have two sons and a daughter. His older brother, Andrea Vasella, was a professor at the ETH Zurich. Vasella is a patron of the arts and enjoys skiing and spending time outdoors.

Vasella has received numerous awards including:

  • 2003: Harvard Alumnus Award
  • 2004: Most Influential European Business Leader of the Last 25 Years by the readers of Financial Times
  • 2004: Time magazine: One of the Top 100 Most Influential Personalities
  • 2004: The Cancer Research Institute's Oliver R. Grace Award (for Distinguished Service in Advancing Cancer Research)
  • University of Marburg’s Karl Winnacker Preis 2007
  • Elected to the American Academy of Arts and Sciences, 2008
  • GILD Award for Leadership: Warren Bennis Award for Excellence in Leadership, 2010[citation needed]
  1. Madslien, Jorn (19 January 2005). "Profile: Novartis chief Daniel Vasella". BBC News. Retrieved15 May 2013.
  2. The Pharmaceutical Horizon Beckons, The New York Times, 13 August 2005
  3. Keiner verdiente mehr., Bilanz, 02/2013
  4. Vasella: Das Ende der Macht, Bilanz, 2013-02-19.
  5. Novartis golden handshake angers shareholders, politicians, Reuters, 17 February 2013
  6. "American Express Company Elects Dr. Daniel Vasella to Board of Directors". American Express. Archived from the original on 28 October 2012. Retrieved15 May 2013.
  7. The 2004 Time 100 : Daniel Vasella, Time
  8. "Former Steering Committee Members". bilderbergmeetings.org. Bilderberg Group. Archived from the original on 2014-02-02. Retrieved2014-02-08.
  9. "Alumni Achievement Awards – Alumni – Harvard Business School". www.alumni.hbs.edu. Retrieved30 January 2019.
  10. "An interview with Daniel Vasella". McKinsey & Company. Retrieved15 May 2013.
  11. "Curriculum Vitae: Dr. Daniel Vasella"(PDF). WebCite. Archived from the original(PDF) on April 25, 2012. Retrieved15 May 2013.
  12. Businessweek: "Vasella Quitting Wins Cheers From Novartis’s Investors Archived 2013-01-27 at the Wayback Machine"
  13. Pharmaceutical Market Europe: "Bayer’s Jörg Reinhardt to replace Daniel Vasella as Novartis chair"
  14. Daniel Vasella hat bei Novartis 421 Millionen Franken verdient, Aargauer Zeitung, 2013-02-22.
  15. Vasella verhilft Abzocker-Initiative womöglich zum Sieg, NZZ, 2013-02-16.
  16. Numab appoints Daniel Vasella to Board of Directors Numab Therapeutics, press release of October 15, 2019.
  17. Global Health Program Advisory Panel Announced by Bill & Melinda Gates Foundation Bill & Melinda Gates Foundation, press release of February 2008.
  18. Vasella Slater, Daniel Robert (3 June 2003). Magic Cancer Bullet: How a Tiny Orange Pill May Rewrite Medical History. Amazon. ISBN 0060010304.
  19. "Blick für die Frau". Die Weltwoche. Retrieved15 May 2013.
  20. "Daniel Vasella". Bloomberg Businessweek. 14 January 2002. Retrieved15 May 2013.
  21. "Alumni Achievement Awards: Daniel L. Vasella, M.D." Harvard Business School. Retrieved15 May 2013.
  22. Cancer Research Institute, Oliver R. Grace Award.
  23. "Verleihung des Karl-Winnacker-Preises 2007 an Dr. Daniel Vasella". Philipps-Universität, Marburg. Archived from the original on 16 June 2013. Retrieved15 May 2013.
  24. "Daniel Vasella – CEO Journals". Retrieved2020-04-15.

Daniel Vasella
daniel, vasella, language, watch, edit, daniel, lucius, vasella, born, august, 1953, swiss, medical, doctor, author, executive, served, chairman, swiss, pharmaceutical, company, novartis, world, fifth, largest, drug, company, during, tenure, novartis, shares, . Daniel Vasella Language Watch Edit Daniel Lucius Vasella born 15 August 1953 is a Swiss medical doctor author and executive who served as CEO and chairman of the Swiss pharmaceutical company Novartis AG the world s fifth largest drug company 1 2 During his tenure Novartis shares fell 10 compared to the industry average 3 4 In February 2013 Vasella was awarded close to 78 million in a golden handshake 5 Daniel VasellaVasella at the World Economic Forum in Davos 2013Born 1953 08 15 15 August 1953 age 68 Fribourg SwitzerlandAlma materUniversity of Bern MD OccupationBusinessmanSpouse s Anne LaurenceChildren3 In November 2014 Vasella was elected as a member of the board of directors at XBiotech Inc a biopharmaceutical company located in Austin Texas that focuses on the discovery and commercialization of a next generation of therapeutic antibodies which harness a human s natural immunity to fight disease Vasella is an honorary member of the American Academy of Arts and Sciences 6 In 2004 Time magazine named him one of the world s 100 most influential people and he was chosen as the Most Influential European Business Leader of the Last 25 Years by the readers of the Financial Times 1 7 He is a former member of the steering committee of the Bilderberg Group 8 Contents 1 Early life and education 2 Career 3 Other activities 4 Writing 5 Personal life 6 Awards and recognition 7 References 8 External linksEarly life and education EditVasella was born in Fribourg Switzerland in 1953 9 His father was a history professor at the local university and his mother was a housewife His desire to become a doctor began during his childhood which was marked by several tragedies 1 6 At eight years old he contracted TB and meningitis and spent nearly a year in hospitals 10 When Vasella was 13 years old his father died from complications of surgery 10 Vasella obtained his M D in 1980 from the University of Bern in Switzerland 9 He completed his residency at the University Hospital in Bern and the city hospital in Zurich before returning to Bern as chief resident 1 9 In 1988 he changed career paths working in the United States as a pharmaceutical sales representative and in market research In 1989 he completed the Program for Management Development at Harvard Business School 1 9 Vasella was awarded an honorary doctorate for medicine by the University of Basel in 2002 1 6 Career EditVasella held a number of medical positions in Switzerland before being hired in 1988 by Sandoz Pharmaceutical Corporation the former U S subsidiary of Swiss pharmaceutical company Sandoz He remained there until 1992 when he was promoted to CEO of parent company Sandoz Pharma Ltd and named a member of the group executive committee 1 11 Vasella helped to orchestrate the 1996 merger between Sandoz and Ciba Geigy another Swiss pharmaceutical company 1 The two companies combined to form Novartis AG Vasella was appointed CEO of the combined entity and a member of the board of directors In 1999 he was named chairman of the board of directors 1 In January 2010 Vasella decided to step down as CEO He was replaced by his hand picked successor Joseph Jimenez the Division Head of Novartis Pharmaceuticals at the time In January 2013 Novartis announced that Vasella would be retiring as chairman of the board of directors in February 2013 12 Vasella was named an honorary chairman to be succeeded by Jorg Reinhard in August 2013 13 According to the Ethos foundation Vasella earned from 2002 until 2012 312 Mio CHF from Novartis and for the years before they estimated it to 60 Mio CHF a total of 421 Mio CHF in 2013 That he should get 72 Mio CHF for a noncompetition clause at the end made him a public figure during the campaign for the Swiss referendum against rip off salaries 14 15 4 Other activities EditNumab Therapeutics Member of the Board of Directors since 2019 16 Bill amp Melinda Gates Foundation Member of the Global Health Program Advisory Panel since 2008 17 Writing EditVasella authored Magic Cancer Bullet How a Tiny Orange Pill May Rewrite Medical History 2003 a book about the discovery and development of the breakthrough cancer drug Gleevec 18 The book was co written with Robert Slater Personal life EditVasella met Anne Laurence Moret the niece of former Sandoz CFO CEO and chairman Marc Moret in 1973 and they were married in 1978 19 Vasella and his wife have two sons and a daughter His older brother Andrea Vasella was a professor at the ETH Zurich 19 Vasella is a patron of the arts and enjoys skiing and spending time outdoors 20 Awards and recognition EditVasella has received numerous awards including 2003 Harvard Alumnus Award 21 2004 Most Influential European Business Leader of the Last 25 Years by the readers of Financial Times 1 2004 Time magazine One of the Top 100 Most Influential Personalities 7 2004 The Cancer Research Institute s Oliver R Grace Award for Distinguished Service in Advancing Cancer Research 22 University of Marburg s Karl Winnacker Preis 23 2007 Elected to the American Academy of Arts and Sciences 2008 24 GILD Award for Leadership Warren Bennis Award for Excellence in Leadership 2010 citation needed References Edit a b c d e f g h i j Madslien Jorn 19 January 2005 Profile Novartis chief Daniel Vasella BBC News Retrieved 15 May 2013 The Pharmaceutical Horizon Beckons The New York Times 13 August 2005 Keiner verdiente mehr Bilanz 02 2013 a b Vasella Das Ende der Macht Bilanz 2013 02 19 Novartis golden handshake angers shareholders politicians Reuters 17 February 2013 a b c American Express Company Elects Dr Daniel Vasella to Board of Directors American Express Archived from the original on 28 October 2012 Retrieved 15 May 2013 a b The 2004 Time 100 Daniel Vasella Time Former Steering Committee Members bilderbergmeetings org Bilderberg Group Archived from the original on 2014 02 02 Retrieved 2014 02 08 a b c d Alumni Achievement Awards Alumni Harvard Business School www alumni hbs edu Retrieved 30 January 2019 a b An interview with Daniel Vasella McKinsey amp Company Retrieved 15 May 2013 Curriculum Vitae Dr Daniel Vasella PDF WebCite Archived from the original PDF on April 25 2012 Retrieved 15 May 2013 Businessweek Vasella Quitting Wins Cheers From Novartis s Investors Archived 2013 01 27 at the Wayback Machine Pharmaceutical Market Europe Bayer s Jorg Reinhardt to replace Daniel Vasella as Novartis chair Daniel Vasella hat bei Novartis 421 Millionen Franken verdient Aargauer Zeitung 2013 02 22 Vasella verhilft Abzocker Initiative womoglich zum Sieg NZZ 2013 02 16 Numab appoints Daniel Vasella to Board of Directors Numab Therapeutics press release of October 15 2019 Global Health Program Advisory Panel Announced by Bill amp Melinda Gates Foundation Bill amp Melinda Gates Foundation press release of February 2008 Vasella Slater Daniel Robert 3 June 2003 Magic Cancer Bullet How a Tiny Orange Pill May Rewrite Medical History Amazon ISBN 0060010304 a b Blick fur die Frau Die Weltwoche Retrieved 15 May 2013 Daniel Vasella Bloomberg Businessweek 14 January 2002 Retrieved 15 May 2013 Alumni Achievement Awards Daniel L Vasella M D Harvard Business School Retrieved 15 May 2013 Cancer Research Institute Oliver R Grace Award Verleihung des Karl Winnacker Preises 2007 an Dr Daniel Vasella Philipps Universitat Marburg Archived from the original on 16 June 2013 Retrieved 15 May 2013 Daniel Vasella CEO Journals Retrieved 2020 04 15 External links EditAppearances on C SPAN Retrieved from https en wikipedia org w index php title Daniel Vasella amp oldid 1037771968, wikipedia, wiki, book, books, library,

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