Firmenich CEO Gilbert Ghostine to Lead Sandoz as Chairman-Designate of New Board of Directors

Firmenich CEO Gilbert Ghostine to Lead Sandoz as Chairman-Designate of New Board of Directors

(IN BRIEF) Gilbert Ghostine has been appointed as Chairman-designate of the new Board of Directors of Sandoz, following the announcement by Novartis Board of Directors. The new Board of Directors of Sandoz will be formed in the second half of 2023, subject to final Novartis Board of Directors and shareholder approvals. Mr. Ghostine is the current CEO of Firmenich, the world’s largest privately owned perfume and taste company, and brings over three decades of experience in executive and senior leadership positions. He has a track record of growing and transforming businesses and serves on two boards of directors. The appointment is expected to bring Mr. Ghostine’s extensive business leadership experience and expertise to the newly-formed company, enabling it to grow and transform in competitive markets.

(PRESS RELEASE) BASEL, 20-Feb-2023 — /EuropaWire/ —  Novartis (SWX: NOVN), a Swiss multinational pharmaceutical company, announces that Gilbert Ghostine has been appointed Chairman-designate of the new Board of Directors of Sandoz, following the announcement by Novartis Board of Directors. The new Board of Directors of Sandoz will be formed in the second half of 2023, subject to final Novartis Board of Directors and shareholder approvals.

Mr. Ghostine, currently CEO of Firmenich, the world’s largest privately owned perfume and taste company, brings over three decades of experience in executive and senior leadership positions at competitive industries. He has a track record of growing and transforming businesses, having previously held leadership roles at Diageo and Firmenich.

In addition to his current role at Firmenich, Mr. Ghostine serves on two boards of directors, including Danone, where he is a member of the audit committee, and Four Seasons Hotels & Resorts, where he chairs the remuneration and nomination committee. He holds a master’s degree in Business Administration from Saint Joseph University in Lebanon and completed Harvard Business School’s Advanced Management Program.

The appointment of Mr. Ghostine as Chairman of the New Board of Directors of Sandoz is expected to bring his extensive business leadership experience and expertise to the newly-formed company, enabling it to grow and transform in competitive markets.

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About Sandoz 
Sandoz, a Novartis division, is a global leader in generic pharmaceuticals and biosimilars. Our purpose is to pioneer access for patients by developing and commercializing novel, affordable approaches that address unmet medical needs. Our ambition is to be the world’s leading and most valued generics company. Our broad portfolio of high-quality medicines, covering major therapeutic areas, accounted for 2022 sales of USD 9.2 billion. Find out more at https://www.Sandoz.com

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About Novartis
Novartis is reimagining medicine to improve and extend people’s lives. We deliver high-value medicines that alleviate society’s greatest disease burdens through technology leadership in R&D and novel access approaches. In our quest to find new medicines, we consistently rank among the world’s top companies investing in research and development. About 106,000 people of more than 140 nationalities work together to bring Novartis products to nearly 800 million people around the world. Find out more at https://www.novartis.com

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SOURCE: Novartis AG