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Novartis Chairman Daniel Vasella steps down
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Daniel Vasella steps down as chairman of Novartis after 17 years spent in the board of the Swiss pharmaceutical company.
The pharmaceutical industry veteran, who oversaw the 1996 merger of Sandoz AG and Ciba-Geigy AG that created Novartis, is set to be replaced by Bayer Healthcare Chairman Jörg Reinhardt.
Reinhardt lost out in the race to become Norvatis's chief executive in 2010, when Vasella separated the roles of chairman and CEO. His return has been hailed by Michael Leuchten, an analyst at Barclays Plc in London, who said that the 59 year-old "can hit the ground running".
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Created by Mohammed Sheriff
on Wed 23 Jan 2013
on Wed 23 Jan 2013
Last modified by 
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MoreLocation: Basel, Switzerland
Expected date: February 2013
Planning: date is to be announced
Ended: 85 days ago 
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