Teva’s New CEO Francis: No Revolution, But New Strategy Will Not Be Marginal

Newly Appointed Company Head Speaks For First Time At J.P. Morgan Conference

23 Jan 2023

On the final day of the annual J.P. Morgan Healthcare Conference, Richard Francis, with vast experience at Biogen and Sandoz under his belt, faced investors for the first time as Teva’s CEO, after replacing Kåre Schultz on 1 January.

Richard Francis may only have sat in the Teva CEO seat for ten days, but he faced down delegates to the world’s foremost healthcare symposium to provide his early thoughts on the Israeli giant, and the first steps to begin the process of turning around the company’s fortunes.

Indeed, Francis’ words took on an additional edge as his host, J.P. Morgan, had less than two months ago downgraded...

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