Teva Pharmaceutical on Monday appointed former Novartis and Biogen executive Richard Francis to succeed chief executive officer Kare Schultz who is due to retire later this year.
executive Richard Francis to succeed chief executive officer Kare Schultz who is due to retire later this year.
Formerly the chief at Novartis' generic business Sandoz, Francis has also spent 13 years as a senior executive at Biogen, where he oversaw the launch of the company's multiple sclerosis drug Tecfidera. Schultz was poached from Lundbeck and took over in 2017 after Teva, under predecessor Erez Vigodman, bought Allergan's generics business in a heavily criticized move and saddled the company with a huge debt.
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