Teva Expected to Name AZ's Sorio as New CEO

Jul 12, 2017

Calcalist

AstraZeneca CEO Pascal Sorio, a veterinarian, is expected to become the next CEO of Teva Pharmaceuticals, according to an article in Calcalist, a financial website. Sorio, who was AZ's CEO for almost five years, made headlines in 2016 when shareholders protested his $17.3 million annual salary.

Sorio reportedly agreed to accept the position with a signing bonus of $15M to $20M, and an annual salary almost double what the predecessor CEO, Erez Vigodman, received--upward of $11 million.

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