Here is the salary of new Novartis CEO Vas Narasimhan

The salary of the new Novartis CEO Vas Narasimhan is fairly below that of his predecessor Joe Jiménez. The outgoing CEO in 2017 earned CHF13.1m, whereas his successor will earn an estimated CHF8.9m, subject to fulfillment of all the set objectives. The variable component of the salary includes a bonus 26% below the bonus granted to Jiménez. The basic salary of the 41-year-old Indian CEO will be CHF2.1m, while Jiménez earned CHF3.6m.
Narashiman’s employment contract includes a basic salary increase, provided that he proves he has the skills to lead a complex multinational as Novartis.
(Source: Argauer Zeitung)