Novartis' general counsel Felix Ehrat will be replaced on June 1 by Shannon Thyme Klinger, who now works as the company's chief ethics, risk and compliance officer, according to the WSJ.
Ehrat will be replaced starting from June 1 by Shannon Thyme Klinger, who is now Novartis's ethics, risk and compliance officer.
Felix Ehrat, general counsel for the Swiss drugmaker, noted in a statement Wednesday that the company's $1.2 million agreement was "legally in order", but added "it was an error".More news: Android Malware apps are returning on Play Store under a different name
Michael Avenatti, Daniels' lawyer, also revealed that Cohen received $500,000 through Essential Consultants from Columbus Nova, a company with connections to Russian oligarch Viktor Vekselberg, who has ties to President Vladimir Putin.
The Novartis ouster comes as AT&T forced its top Washington, D.C. executive into retirement last week, following fallout from revelations that the telecom giant paid Cohen $600,000 previous year.
It said last week that, although it quickly realized Cohen was "unable to provide the service that Novartis had anticipated", it continued to pay him until the contract-signed by Ehrat and former Novartis chief Joe Jimenez-expired in February this year.More news: PM Abbasi accepts Turkish PM's invitation to participate in OIC Summit
"As a co-signatory with our former CEO, I take personal responsibility to bring the public debate on this matter to an end", said Ehrat, who will officially leave June 1. It said it believed that Cohen could advise the company on the Trump administration's approach to healthcare policies, including the Affordable Care Act.
After meeting with Cohen in March 2017 the company said it concluded that Cohen wouldn't be helpful and decided not to meet with him again, but continued to pay out his contract.
Apart from AT&T and Novartis, Cohen was also paid by Korea Aerospace Industries and Columbus Nova, a NY investment firm whose biggest client is Renova Group, a conglomerate owned by USA -sanctioned, Kremlin-backed Russian oligarch Victor Vekselberg. Jimenez left the company last September.More news: When does the Premier League transfer window open and close?