30
WOMEN'S
LEADERSHIP
Novartis taps new board members ahead of
Sandoz spinoff
By Ashleigh Hollowell
D
rugmaker Novartis announced 10 members to its newly
formed Sandoz board of directors May 15 ahead of its
previously announced biosimilar spinoff. e Sandoz spinoff
is an effort the company is making to keep a competitive pace with
rising costs of brand name drugs.
According to the company's press release, 40 percent of its newly
announced board members are women. e board will have three
subcommittees that oversee science, innovation and development,
human capital and environmental, social governance, and audits,
risks and compliance.
"I am delighted to see our new board members join Sandoz," Gilbert
Ghostine, chairman-designate of Sandoz said in a statement. "e
composition of this new world-class board and the capabilities of
its leaders is in line with the Sandoz aspiration as a market leader in
its industry. I am looking forward to working with the new board
to help set the strategic direction for Sandoz and support its future
development."
In addition to the chairman-designate, Sandoz's other appointed
board members are:
• Aarti Shah, PhD, former chief information and digital officer
and senior vice president at Eli Lilly
• Maria Varsellona, chief legal officer at Unilever
• Remco Steenbergen, CFO of Deutsche Luhansa
• Yannis Skoufalos, former global product supply officer at Procter
and Gamble
• Shamiram Feinglass, MD, former chief medical officer for Life
Sciences and Diagnostics
• Urs Riedener, former CEO of EMMI Group, a Swiss consumer
goods company
• François-Xavier Roger, CFO of Nestlé S.A.
• Karen J. Huebscher, former CEO of Solvias Group, a Swiss
contract research firm
A final, unnamed member has also been pre-selected and will
reportedly be nominated for election to the board at Sandozs' Annual
General Meeting of Shareholders in 2024. n
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Note: Ad page number(s) given in parentheses
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Quest Diagnostics. quanumecs.com (pg. 8)
