Teva Names Former Sandoz CEO Francis To Replace Schultz Within Weeks

Richard Francis Will Take Lead At Israeli Generics Giant From The Start Of 2023

In just under six weeks Teva will have a new president and CEO, after former Sandoz chief Richard Francis was announced as Kåre Schultz’s replacement from the start of 2023.

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Richard Francis will replace Kåre Schultz as president and CEO of Teva

In just under six weeks, one of the generics and biosimilars industry’s leading players will be under new management, after Teva announced that former Sandoz chief Richard Francis would take over from Kåre Schultz as president and CEO of the Israeli firm from 1 January 2023.

The news comes soon after Schultz made it clear that he would not be continuing in the role after his current contract expired, originally set to run to November 2023

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