Pascal Soriot

Last updated

Sir

Pascal Soriot
Pascal Soriot 2019 (cropped).jpg
Soriot in 2019
Born
Pascal Claude Roland Soriot

(1959-05-23) 23 May 1959 (age 64)
France
Citizenship
  • French
  • Australian
Education École nationale vétérinaire d'Alfort
HEC Paris
OccupationBusinessman
Years active1982–present
TitleCEO, AstraZeneca
Term2012–
Children2
Honours Knight Bachelor

Sir Pascal Claude Roland Soriot (born 23 May 1959) is a French-born Australian businessman and chief executive officer (CEO) of the British-Swedish multinational pharmaceutical and biotechnology company AstraZeneca. [1]

Contents

Early life

Pascal Soriot was born in France on 23 May 1959. [2] His father died when he was 20. [3]

He studied veterinary medicine at the École nationale vétérinaire d'Alfort at Maisons-Alfort in Paris. [2] He later obtained an MBA at HEC Paris. [1]

Career

Roussel Uclaf

In April 1986, he joined Roussel Uclaf (formerly France's second largest pharmaceutical company, until bought by Hoechst AG in 1997) as a salesman in Australia. [2] [4] In 1996, he became General Manager of Hoechst Marion Roussel in Australia, moving to Tokyo in April 1997. [5]

Aventis

In 2000 he moved to Aventis in America, becoming chief operating officer of Aventis USA in 2002, which became Sanofi Aventis USA in 2004. [6] [7]

Roche

He joined Roche in 2006 as head of marketing. [8] From April 2009 to 2010, he was chief executive of the Roche subsidiary Genentech. He rejoined Roche Pharma AG in 2010 as chief operating officer. [9]

AstraZeneca

In August 2012 he was named as the new chief executive of AstraZeneca, [10] the world's fifth largest pharmaceutical company, when aged 53. He took up the post on 1 October 2012. [11] [12]

In July 2017, it was reported that Soriot would become the next CEO of Israel-based Teva Pharmaceutical Industries, succeeding Erez Vigodman, though this was soon denied. [13] [14] [15]

In September 2018, he made headlines commenting on his pay of £9.4m in salary and bonuses. 'The truth is I’m the lowest-paid CEO in the whole industry', he said. 'It is annoying to some extent. But at the end of the day it is what it is.' [16]

In 2023, Soriot was the highest paid CEO of the major European pharmaceutical companies, as he earned $21.3 million.That was a nearly 12% increase over 2022. [17]

Personal life

He is married and has two children. [18] He has three brothers, all of whom are doctors. [3]

Soriot was knighted in the 2022 Birthday Honours for services to UK life sciences and the response to COVID-19. [19] He qualifies for a substantive knighthood rather than an honorary one by virtue of being an Australian citizen. [20]

He counts cycling, horse riding and skiing as hobbies. [21]

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References

  1. 1 2 "Executive Profile: Pascal Soriot". Bloomberg. Retrieved 3 April 2015.
  2. 1 2 3 "Pascal Soriot: Leader of the great escape". Financial Times. June 2014. Archived from the original on 4 March 2023. Retrieved 26 January 2017.
  3. 1 2 Ralph, Alex (17 May 2019). "A drugs giant that loves to blind rivals with science". The Times. ISSN   0140-0460 . Retrieved 17 May 2019.
  4. "Pascal Soriot". Roche.com. Retrieved 26 January 2017.
  5. Ward, Andrew (21 January 2016). "Pascal Soriot on his rise to become CEO of AstraZeneca". Financial Times. Retrieved 8 March 2024.
  6. "Roche | Pascal Soriot". www.roche.com. Retrieved 8 March 2024.
  7. "SANOFI-AVENTIS". www.sec.gov. Retrieved 8 March 2024.
  8. Ward, Andrew (21 January 2016). "Pascal Soriot on his rise to become CEO of AstraZeneca". Financial Times. Retrieved 8 March 2024.
  9. "AstraZeneca Names Roche's Pascal Soriot as CEO". Bloomberg. 28 August 2012. Retrieved 6 February 2013.
  10. Rowley, Emma (28 August 2012). "AstraZeneca appoints Roche's Pascal Soriot as new chief". The Telegraph. Retrieved 26 January 2017.
  11. Kollewe, Julia (28 August 2012). "AstraZeneca appoints new chief executive". The Guardian. ISSN   0261-3077 . Retrieved 8 March 2024.
  12. "AstraZeneca Names Its Next Chief". The New York Times. 28 August 2012. ISSN   0362-4331 . Retrieved 8 March 2024.
  13. Boland, Hannah (14 July 2017). "Pascal Soriot looks set to stay as AstraZeneca chief". The Telegraph via www.telegraph.co.uk.
  14. "AstraZeneca's CEO Soriot to join Israeli drugs company Teva: report". Reuters. 14 May 2014. Retrieved 12 July 2017.
  15. "Israeli newspaper reports that AstraZeneca CEO Pascal Soriot has agreed to take the helm at Teva – ENDPOINTS NEWS". Endpts.com. Retrieved 12 July 2017.
  16. Meddings, Sabah (6 October 2023). "Salary size matters, says Astra Zeneca boss on £9.4m" via www.thetimes.co.uk.
  17. Staff, A. O. L. (5 March 2024). "Worse than COVID shutdown. Pasco businesses in dire straits over overpass closure project". www.aol.com. Retrieved 7 March 2024.
  18. James Ashton (16 May 2014). "Astrazeneca chief Pascal Soriot: I can carry on curing the company, says scientist in £63bn bid battle". Standard.co.uk. Retrieved 26 January 2017.
  19. "No. 63714". The London Gazette (Supplement). 1 June 2022. p. B2.
  20. "AstraZeneca's Pascal Soriot awarded British knighthood for services to UK life sciences and leadership in the global response to the COVID pandemic". AstraZeneca.com. Retrieved 14 June 2022.
  21. Ward, Andrew (21 January 2016). "Pascal Soriot on his rise to become CEO of AstraZeneca". Financial Times. Retrieved 8 March 2024.
Business positions
Preceded by Chief Executive of AstraZeneca
2012–present
Succeeded by
Incumbent
Preceded by
Chief Operating Officer of Hoffmann-La Roche
2010–2012
Succeeded by
Daniel O'Day
Preceded by
Chief Executive of Genentech
2009–2010
Succeeded by
Ian Clark