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|August 02, 2012 7:24 a.m.|
|Teva Pharmaceutical Announces New Appointments of President and Chief Executive Officer, Global Operations and Executive Vice President, Community and Institutional Affairs|
JERUSALEM--(BUSINESS WIRE)--Aug. 2, 2012--
“We are delighted to have Carlo and Arik in these roles,” said Dr. Levin. “Teva has a long history of commitment to bringing affordable medicines to patients around the world. Through its founding days in
Dr. De Notaristefani will have responsibility for Teva’s product supply and its manufacturing network, and ensure that the Company exceeds the highest standards in executing an integrated supply chain operation on a global level. To accomplish this, and recognizing that Quality Assurance is integral to our success, Dr. De Notaristefani will collaborate closely with Ms.
Dr. De Notaristefani has over 25 years of international experience with extensive technical, operational, manufacturing and P&L experience. Recently, Dr. De Notaristefani was at
“I am extremely proud to join Teva, and to have the opportunity to contribute to the Company’s long tradition of excellence, which was established through its Israeli heritage and today continues as it creates a global organization with a unique combination of innovation, focus and discipline in execution,” stated Dr. De Notaristefani. “We will continue this practice as we begin to set the industry standard for regulatory compliance, customer service and cost effectiveness. I look forward to collaborating with Teva employees to provide unmatched value to patients, customers, and the stakeholders, together with the opportunity to grow the talent within the Company.”
In addition, as part of its strategic objectives, Teva has established an organization of Community and Institutional Affairs. This organization will be led by Mr. Yaari who will execute on Teva’s global commitment to social responsibility, philanthropy, institutional affairs and academic relations. Mr. Yaari will build a cohesive strategy to enhance public well-being by drawing on Teva’s core competencies in developing and manufacturing products to address the unmet needs of patients in all corners of the world.
“In assuming my new role, I am excited about the opportunity to enhance Teva’s involvement in communities around the globe and to expand Teva’s commitment to social responsibility and philanthropy, which is an integral part of the Company’s heritage,” stated Mr. Yaari. “This initiative is a priority for the Company. I look forward to utilizing my global experience and deep personal interest in these efforts to lead our network of collaborations with organizations such as foundations, and academic institutions, as well as with government and international agencies.”
Mr. Yaari joined Teva in 1981, and has served in significant key positions at Teva, such as Group Vice President, Global API, and most recently as Group Vice President, Teva Generics Systems. He has also held various marketing and sales positions, including those in the US and in
Teva's Safe Harbor Statement under the
The following discussion and analysis contains forward-looking statements, which express the current beliefs and expectations of management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our ability to develop and commercialize additional pharmaceutical products, competition from the introduction of competing generic equivalents and due to increased governmental pricing pressures, the effects of competition on sales of our innovative medicines, especially Copaxone® (including competition from innovative orally-administered alternatives as well as from potential generic equivalents), potential liability for sales of generic medicines prior to a final resolution of outstanding patent litigation, including that relating to our generic version of Protonix®, the extent to which we may obtain U.S. market exclusivity for certain of our new generic medicines, the extent to which any manufacturing or quality control problems damage our reputation for high quality production and require costly remediation, our ability to identify, consummate and successfully integrate acquisitions (including the acquisition of Cephalon), our ability to achieve expected results through our innovative R&D efforts, dependence on the effectiveness of our patents and other protections for innovative medicines, intense competition in our specialty pharmaceutical businesses, uncertainties surrounding the legislative and regulatory pathway for the registration and approval of biotechnology-based medicines, our potential exposure to product liability claims to the extent not covered by insurance, any failures to comply with the complex