Robert Wessman became the Executive Chairman of Alvogen in July 2009 and is now Chairman & CEO of the group. Since founding the business five years ago, Robert has grown Alvogen from a small US business into an international pharmaceuticals company with commercial operations in 34 countries and with 2,000 employees.
Under Wessman’s leadership, Alvogen has set a clear goal to become a top ten global generics player, and is making strong progress towards that ambition. Wessman’s vision to create an organisation which is able to respond to the needs of its customers has led to the development of a balanced yet specialised portfolio consisting of 350 marketed products, as well as a deep pipeline of high-value products in development.
Wessman is known for his clear focus and his ability to successfully combine operational efficiency and external growth through strategic acquisitions. Wessman has grown Alvogen’s revenue by an impressive 78% CAGR over the past five years, or by 59% on an organic basis. He has also overseen a number of strategic acquisitions and partnerships during that time, particularly to strengthen the company’s growth platforms in the APAC and CEE regions.
A business graduate and former lecturer at the University of Iceland, Wessman began his career at the Icelandic shipping company Samskip where he quickly advanced to the post of CEO in Germany. In 1999, he became President and CEO of Delta in 1999, which later formed Actavis. Wessman was CEO of Actavis Group, which became one of the largest generic pharmaceutical companies in the world for nine years.
His achievements have made him the subject of a Harvard Business School Case Study published in May 2008, titled “Robert Wessman and the Actavis Winning Formula”.