Teva's New CEO Francis Takes Over A Steadier – Though Still Rocky – Organization

 
• By Jessica Merrill
  
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Teva announced the appointment of former Sandoz CEO Richard Francis as its next leader as Kare Schultz steps down.

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Teva's new CEO will be Richard Francis

Teva Pharmaceutical Industries Ltd.'s new CEO Richard Francis takes over from Kare Schultz effective 1 Jan., and will be responsible for returning Teva to growth for the first time since 2017. The troubled generic and specialty drug maker has faced almost an endless series of obstacles since Schultz took the helm in 2017, and while Schultz worked to stabilize the company's financial foundation in the face of headwinds, the company never did meet his return to growth objectives.

Francis is an experienced executive in the generic drug industry, having previously led Sandoz Inc., the generic drug business...

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