Stéphane Bancel Explained

Stéphane Bancel
Birth Date:20 July 1972
Birth Place:Marseille, France
Education:CentraleSupélec
University of Minnesota
Harvard Business School
Occupation:Businessman
Known For:CEO and 8% owner, Moderna
Term:2011–
Spouse:Brenda Bancel
Children:2

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. He went on to earn an MBA from Harvard Business School.

Career

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

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.[4]

Personal life

Bancel has two children.[5] 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.[6] He lives in Boston, Massachusetts.

Notes and References

  1. Web site: Les 500 plus grandes fortunes de France 2023 . The 500 Richest People in France 2023 . 22 May 2024 . . fr.
  2. Web site: Forbes profile: Stéphane Bancel . Forbes . 31 May 2023.
  3. Web site: Moderna’s Stéphane Bancel: the maths nerd who struck vaccine gold. 2022-01-28. MoneyWeek. en.
  4. Web site: Ego, ambition, and turmoil: Inside one of biotech's most secretive startups . Damien . Garade . 13 September 2016 . 18 May 2020 . . 16 November 2020 . https://web.archive.org/web/20201116154313/https://www.statnews.com/2016/09/13/moderna-therapeutics-biotech-mrna/ . live .
  5. Web site: Story Details - Alumni - Harvard Business School. 2020-12-02. www.alumni.hbs.edu.
  6. News: Tognini . Giacomo . Moderna CEO Stéphane Bancel Becomes A Billionaire As Stock Jumps On Coronavirus Vaccine News . 4 April 2020 . Forbes . 3 April 2020 . 3 April 2020 . https://web.archive.org/web/20200403145433/https://www.forbes.com/sites/giacomotognini/2020/04/03/moderna-ceo-stphane-bancel-becomes-a-billionaire-as-stock-jumps-on-coronavirus-vaccine-news/#1ff51f865bf3 . live .