Replies to post #213432 on Biotech Values

[flatlander_60048]

I believe Vasella was about the same age when he retired as CEO at NVS.


FL

[o]

At one point Novartis had bylaws putting an eight year threshold for a top management tenure. (Vasella did overstep by one or two years) Maybe it has something to do with this move ?
Not unhappy to see a MD coming back at the helm.

[jbog]

I always thought the duration was Jimenez's theory that a CEO should enter, rectify and then retire within a certain timeframe. I wasn't aware that it was a Novartis policy.