The few, the proud, the quick decision-makers. Sanofi-Aventis has set up a small executive committee to set strategy, allocate resources, and oversee company management, according to anonymous sources who talked to APM Europe. The idea is to consolidate decision-making to make management more nimble.
Besides CEO Gerard Le Fur (photo), the committee includes a senior vice chairman who oversees R&D, Marc Cluzel, plus Jean-Claude Leroy, executive vice chair for finance and legal; Gilles Lhernould, senior vice chair for industrial affairs; and Hanspeter Spek, executive vice chair for pharma operations. This small group replaces a larger executive committee.
Next question: How often does this gang of five meet to make its quick decisions?