Joerg Reinhardt - Novartis Independent Non-Executive Chairman of the Board

NVS Stock  USD 100.13  1.55  1.52%   

Chairman

Mr. Joerg Reinhardt, Ph.D., was Independent NonExecutive Chairman of the Board of Novartis Inc. since August 1, 2013. He is also Chairman of the Research Development Committee and Chairman of the Board of Trustees of the Novartis Foundation. Mr. Reinhardt is Chairman of the board of trustees of the Institute of Molecular and Clinical Ophthalmology Basel, Switzerland. From 2010 to mid2013, he was Chairman of the Board of Management and the Executive Committee of Bayer HealthCare, Germany. Prior to that, he was Chief Operating Officer of Novartis from 2008 to 2010, and Head of the Vaccines and Diagnostics Division of Novartis from 2006 to 2008. Mr. Reinhardt is a nonexecutive board member of Swiss Re, Switzerland, and a member of the European Advisory Panel of Temasek, Singapore. Additionally, he was a member of the board of directors of Lonza Group AG in Switzerland from 2012 to 2013, Chairman of the Board of the Genomics Institute of the Novartis Research Foundation in the United States from 2000 to 2010, and a member of the supervisory board of MorphoSys AG in Germany from 2001 to 2004 since 2013.
Age 65
Tenure 11 years
Professional MarksPh.D
Address Lichtstrasse 35, Basel, Switzerland, 4056
Phone41 61 324 1111
Webhttps://www.novartis.com
Reinhardt graduated with a doctorate in pharmaceutical sciences from Saarland University in Germany. He joined Sandoz Pharma Ltd. in 1982 and held various positions at Sandoz and later Novartis, including Head of Development.

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 Total Current Assets are likely to drop slightly above 29.9 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

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