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Possible Answers:
TEVA.
Last seen on: NY Times Crossword 16 Aug 20, Sunday
Random information on the term “TEVA”:
Kåre Schultz (21 May 1961) is a Danish business executive. He was appointed to be chief executive officer of Teva Pharmaceutical Industries in September 2017.
Schultz has a Cand.polit. degree from the University of Copenhagen in 1987. He initially worked as a consultant for Andersen Consulting in London and for McKinsey & Company in Copenhagen.
He began to work for Novo Nordisk in 1989. He was appointed as executive vice president (staff and quality) in 2000, and became COO in 2002. In 2015, he was appointed as president and vice CEO.
In April 2015, Schultz left Novo Nordisk to assume a position as CEO of Lundbeck.
In September 2017, he was appointed as the new CEO of Teva Pharmaceutical Industries. He arrived at the top executive position around the time a US Court ruled that the patent of Copaxone, the company’s best-selling drug, had expired, allowing the competition to market the same product. In November 2017, he announced deep structural changes aiming to make the company more responsive in a region-centric distribution system. Many executives left the company. 1,700 layoffs were announced in the press. In 2018, he was remunerated $32.5 million, twice the amount of his 2017 remuneration.