CIO Profiles: Jimmy Z. Wang Of Teva Pharmaceuticals Americas
Medicine made via biological processes is the next big thing, says Teva's CIO.
Jimmy Z. Wang,
VP and CIO, Teva Pharmaceuticals Americas
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How long at current company: Eight years
Career accomplishment I'm most proud of: Transforming Teva USA's legacy platform into a common integrated platform of real-time systems. This boosted our ability to integrate acquired companies into our common platform at a speed that becomes a competitive advantage.
Most important career influencer: Bill Marth, president and CEO of Teva, for his insight into the business operation and decision-making process. Bill is able to get buy-in across the organization. He does this through his ability to clearly articulate his vision, letting him rally people in support.
Decision I'd like to do over: There are some hiring decisions I wish I had a second chance at. Resources are a precious commodity, and making a hire that doesn't fit is a drain on the organization. If a person doesn't have the core values and behavior that mesh with the vision of the company, it won't work out.
On The Job
IT budget: $90 million
Size of IT team: 290 employees
How I measure IT effectiveness: We use the typical IT measures of scope, budget, ROI, schedule, etc.--but ultimately it's our ability to add real value and meet the needs of our business that determines if we're effective.
The next big thing for my industry: Recent FDA regulations and healthcare reform are paving the way for biologics--medicinal products created by biological processes. These are important medicines and represent a huge market and tremendous therapeutic value to patients. However, biologics are much more difficult to develop and manufacture than traditional chemical medicines.
The government's top tech priority should be ... Besides security, from a pure IT perspective, the government should be focused on consolidation and shared services.
Kids and tech careers: A career in IT can certainly be rewarding. You're viewed as a problem solver. You can be a developer, a network engineer, a project manager, or somewhere in between. You can be hands-on or get into management. My main advice would be that whichever avenue you pursue, make sure you understand the business you support.
Colleges/degrees: Southern Methodist University, PhD
Favorite sport: Basketball
Business leader I'd like to have lunch with: Jack Welch, General Electric's former leader
Smartphone of choice: BlackBerry
Last vacation: China
Tech vendor exec I respect most: Google's Eric Schmidt