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Novartis AG (NVS) Head, Herve Hoppenot, Flys The Coop To Become CEO Of Incyte Corporation (INCY)


1/12/2014 8:52:01 PM

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Incyte Names Hervé Hoppenot President and Chief Executive Officer

WILMINGTON, Del.-- Incyte Corporation (INCY) announced today that Hervé Hoppenot, former President of Novartis Oncology, has been named President and Chief Executive Officer of Incyte, effective immediately. Mr. Hoppenot, who also will join the Incyte Board of Directors, succeeds Paul A. Friedman, M.D. Dr. Friedman is retiring and will continue to serve on the Board.

“Hervé’s broad international oncology experience and proven track record in leading successful, high-performing R&D and commercial teams will be of great value as we continue to build upon Incyte’s remarkable success,” said Richard De Schutter, Chairman of the Incyte Board of Directors. “At the time we welcome Hervé to the Incyte team, we especially want to thank and recognize Dr. Friedman for his extraordinary leadership of the company during his tenure as CEO. It is his leadership, together with the quality of the team he assembled, that has enabled Incyte to become the successful biopharmaceutical company it is today.”

As President of Novartis Oncology, Mr. Hoppenot, 53, was responsible for translational medicine, development, approval and commercialization, which included $11 billion in global sales, the largest oncology pipeline in the industry, and 8,000 employees in 50 countries. Prior to his role as President, Mr. Hoppenot served as Chief Commercial Officer and Head of Global Product Strategy & Scientific Development, overseeing medical affairs, global brand leadership, business development and licensing, health economics & pricing, early phase commercial development, strategic capabilities and global sales excellence for Oncology. He joined Novartis in 2003 as Senior Vice President, Head of Global Marketing and has more than twenty-five years of international experience.

Mr. Hoppenot started his career in France with Rhone Poulenc, later known as Aventis, where he served in several senior roles of increasing responsibility, including Vice President of Oncology and Head of the U.S. Oncology business unit. He holds a Diploma from ESSEC International Business School.

“I have worked in close collaboration with Incyte for many years on ruxolitinib and have been very impressed with the entire team that drove the discovery, development and commercialization of this first and only FDA-approved JAK1/JAK2 inhibitor,” said Hervé Hoppenot, Incyte President and CEO. “The strong science behind Incyte’s R&D programs and the strength and diversity of the pipeline are compelling and hold much promise for making a difference in the lives of patients. I am honored to join Incyte.”

About Incyte

Incyte Corporation is a Wilmington, Delaware-based biopharmaceutical company focused on the discovery, development and commercialization of proprietary small molecule drugs for oncology and inflammation. For additional information on Incyte, please visit the Company’s website at www.incyte.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140112005036/en/

MULTIMEDIA AVAILABLE:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50781603&lang=en

Contact:
For Incyte Corporation
Pamela M. Murphy, 302-498-6944
Vice President, Investor Relations & Corporate Communications

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