Harry Kirsch - Novartis CFO

NVSN Stock  MXN 2,138  10.90  0.51%   

CFO

Mr. Harry Kirsch was Chief Financial Officer and Member of the Executive Committee of Novartis Inc. since May 1, 2013. Mr. Kirsch joined Novartis in 2003 and, prior to his current position, served as CFO of the Companys Pharmaceuticals Division. Under his leadership, the divisions core operating income margin increased, in constant currencies, every quarter of 2011 and 2012 despite patent expirations. At Novartis, he also served as CFO of Pharma Europe, and as Head of Business Planning Analysis and Financial Operations for the Pharmaceuticals Division. Mr. Kirsch joined Novartis from Procter Gamble in the United States, where he was CFO of PGs global pharmaceutical business. Prior to that, he held finance positions in various categories of PGs consumer goods business, technical operations, and Global Business Services organization. Mr. Kirsch holds a diploma degree in industrial engineering and economics from the University of Karlsruhe in Germany. From 2015 to 2018, he represented Novartis on the board of GlaxoSmithKline Consumer Healthcare Holdings Ltd. since 2013.
Age 58
Tenure 11 years
Phone41 61 324 1111
Webhttps://www.novartis.com

Novartis Management Efficiency

The company has return on total asset (ROA) of 0.0645 % which means that it generated a profit of $0.0645 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1093 %, meaning that it generated $0.1093 on every $100 dollars invested by stockholders. Novartis' management efficiency ratios could be used to measure how well Novartis manages its routine affairs as well as how well it operates its assets and liabilities.
Novartis AG has accumulated 20.24 B in total debt with debt to equity ratio (D/E) of 0.67, which is about average as compared to similar companies. Novartis AG has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Novartis until it has trouble settling it off, either with new capital or with free cash flow. So, Novartis' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Novartis AG sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Novartis to invest in growth at high rates of return. When we think about Novartis' use of debt, we should always consider it together with cash and equity.

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Novartis AG researches, develops, manufactures, and markets healthcare products worldwide. The company was incorporated in 1996 and is headquartered in Basel, Switzerland. NOVARTIS operates under Drug ManufacturersGeneral classification in Mexico and is traded on Mexico Stock Exchange. It employs 105794 people. Novartis AG (NVSN) is traded on Mexican Exchange in Mexico and employs 102,000 people.

Management Performance

Novartis AG Leadership Team

Elected by the shareholders, the Novartis' board of directors comprises two types of representatives: Novartis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Novartis. The board's role is to monitor Novartis' management team and ensure that shareholders' interests are well served. Novartis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Novartis' outside directors are responsible for providing unbiased perspectives on the board's policies.
Steffen Lang, Global Head of Novartis Technical Operations, Member of the Executive Committee
Paul Penepent, Head Accounting
Joerg Reinhardt, Independent Non-Executive Chairman of the Board
Ton Buechner, Non-Executive Independent Director
Robert PharmD, Chief Officer
Karen Hale, Chief Officer
Charles Sawyers, Non-Executive Independent Member of the Board
Steven Baert, Chief People & Organization Officer, Member of the Executive Committee
John Tsai, Head of Global Drug Development and Chief Medical Officer, Member of the Executive Committee
Richard Saynor, Chief Executive Officer of Sandoz, Member of the Executive Committee
Frans Houten, Non-Executive Independent Director
Nancy Andrews, Non-Executive Independent Director
Daniel Vasella, Honorary Chairman of the Board
Susanne Schaffert, President of Novartis Oncology, Member of the Executive Committee
Enrico Vanni, Lead Independent Non-Executive Vice Chairman of the Board
Bertrand Bodson, Chief Digital Officer, Member of the Executive Committee
Robert Weltevreden, Head of Novartis Business Services (NBS), Member of the Executive Committee
Elizabeth Doherty, Non-Executive Independent Director
Vasant Narasimhan, Global Head of Drug Development and Chief Medical Officer for Novartis, Member of the Executive Committee
Alex Krauer, Honorary Chairman of the Board
Patrice Bula, Non-Executive Independent Director
Charlotte PamerWieser, Corporate Secretary
Shannon Klinger, Chief Risk and Compliance Officer, Group General Counsel
Andreas Planta, Non-Executive Independent Director
William Winters, Non-Executive Independent Member of the Board
Ann Fudge, Non-Executive Independent Director
Srikant Datar, Non-Executive Independent Director
MarieFrance Tschudin, President of Novartis Pharmaceuticals, Member of the Executive Committee
Samir MD, Global Relations
Simon Moroney, Non-Executive Independent Director
James Bradner, President of the Novartis Institutes for BioMedical Research (NIBR), Member of the Executive Committee
Klaus Moosmayer, Chief Ethics, Risk and Compliance Officer, Member of the Executive Committee
Harry Kirsch, Chief Financial Officer, Member of the Executive Committee
Bridgette Heller, Non-Executive Independent Director

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