Stéphane Bancel

Stéphane Bancel
Stéphane Bancel
Born (1972-07-20) 20 July 1972 (age 52)
Marseille, France
EducationCentraleSupélec
University of Minnesota
Harvard Business School
OccupationBusinessman
Known forCEO and 8% owner, Moderna
Term2011–
SpouseBrenda Bancel
Children2

Stéphane Bancel (born 20 July 1972)[1] is a French business executive. He is the chief executive officer (CEO) of the American pharmaceutical and biotechnology company Moderna, known for its COVID-19 vaccine. Before joining Moderna, Bancel was the CEO of French diagnostics company BioMérieux. Bancel is a partner at Flagship Pioneering, and has served on the boards of Indigo Agriculture, Boston's Museum of Science, and Qiagen. As of May 2023, his net worth was estimated at US$4.1 billion, owning about 8% of Moderna.[2]

Early life

Bancel was born in Marseille, France. His father and mother were an engineer and doctor, respectively. He enjoyed computers, math, and science during his childhood.[3]

Bancel studied engineering at CentraleSupélec (former École Centrale Paris) and biological engineering at the University of Minnesota, earning master's degrees at both institutions.[4] He went on to earn an MBA from Harvard Business School.[5]

Career

Bancel was a sales director at Eli Lilly and Company, eventually becoming head of operations for Belgium.[5] In 2007, he became CEO of French diagnostics company BioMérieux, and was credited with improving the company's margins.[5]

In 2011, Bancel joined Moderna as the CEO. Stat reported that Bancel led a highly secretive culture with little outside review of its science or research.[5]

Personal life

Bancel has two children.[6] In April 2020, with the Moderna share price rising on news of imminent phase 2 human trials for its potential COVID-19 vaccine, Bancel's stake of about 9% became worth over $1 billion.[4] He lives in Boston, Massachusetts.[2]

References

  1. ^ "Les 500 plus grandes fortunes de France 2023" [The 500 Richest People in France 2023]. Challenges (in French). Retrieved 22 May 2024.
  2. ^ a b "Forbes profile: Stéphane Bancel". Forbes. Retrieved 31 May 2023.
  3. ^ "Moderna's Stéphane Bancel: the maths nerd who struck vaccine gold". MoneyWeek. 17 April 2021. Retrieved 28 January 2022.
  4. ^ a b Tognini, Giacomo (3 April 2020). "Moderna CEO Stéphane Bancel Becomes A Billionaire As Stock Jumps On Coronavirus Vaccine News". Forbes. Archived from the original on 3 April 2020. Retrieved 4 April 2020.
  5. ^ a b c d Garade, Damien (13 September 2016). "Ego, ambition, and turmoil: Inside one of biotech's most secretive startups". Stat. Archived from the original on 16 November 2020. Retrieved 18 May 2020.
  6. ^ "Story Details - Alumni - Harvard Business School". www.alumni.hbs.edu. 31 January 2014. Retrieved 2 December 2020.


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