By Giulia Petroni 
 

Novartis said Monday that its generics unit Sandoz has appointed a new board of directors ahead of the planned spinoff and listing on the Swiss stock exchange.

The Swiss pharma major said Sandoz's board will count 10 members and three sub-committees, namely innovation and development, human capital and ESG, and audit, risk and compliance. It will be effective after the spinoff in the second half of the year.

Among its members, the board will have former chief executive officer of Solvias Group, Karen Huebscher; former CEO of Emmi Group, Urs Riedener; and CEO of Nestle, Francois-Xavier Roger, as chairs of the sub-committees.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

May 15, 2023 01:53 ET (05:53 GMT)

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