The Front Office

Scouting report · IDIA.SW

Jean-Paul Clozel

  • Chairman of the Board and ad-interim CEO, IDIA.SW since 2026-03src

Co-founder of Actelion and Idorsia; Chairman and ad-interim CEO until 2026-10-01

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design—no proxy read yet
Skin in the game—no holding or price on file
Age
71src
In the role
7 mo
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Red flag 1

  • Three CEOs in two years: Muller (June 2024 to June 2025), Gupta (July 2025, left by mutual agreement 2026-03-16 after less than a year), then Clozel back as interim CEO. Wandeler, from Grifols, starts 2026-10-01 with Clozel staying on as Chairmansrc

Watch 4

  • Founder-chair who controls the largest block (>20% with his wife) and was CEO for 24 years at Actelion and Idorsia combined. A new outside CEO reports to him, and the ex-CEO (Muller) joined the board in May 2026src
  • Family ties: his wife sits on the Executive Committee as CSO while he chairs the board and, until 2026-10-01, is her CEO. Executive pay goes through the Nominating, Governance and Compensation Committee, of which he is not a membersrc
  • His Idorsia years as CEO ended in a liquidity squeeze: FY2023 results were postponed to May 2024 and bondholders were asked to accept shares, and the CHF 800m of convertibles was restructured in 2025src
  • No pay figures recorded: the 2025 compensation report (Chairman's fee, and any interim-CEO pay from March 2026) is in the annual report PDF on idorsia.com, which is egress-blockedsrc

In their favour 1

  • Skin in the game: the Clozels have kept backing the company through dilutive financings and lock-ups rather than sellingsrc

Career

  1. 2026-03 – 2026-10
    Idorsiasrc
    Chairman and ad-interim CEO
    Took over day-to-day operations when Srishti Gupta stepped down; CEO role passes to Roland Wandeler on 2026-10-01 (PR-2026-07-01)
  2. 2024-06 – 2026-03
    Idorsiasrc
    Chairman of the Board (non-executive)
    Elected Chairman at the 2024-06-13 AGM on retiring as CEO; re-elected 2026-05-06 (AGM-2026)
  3. 2017-06 – 2024-06
    Idorsiasrc
    Co-founder and CEO
    CEO since the company was created by demerging Actelion's drug discovery and early clinical pipeline when Johnson & Johnson acquired Actelion (USD 30bn, June 2017)
  4. 2000 – 2017
    Actelionsrc
    CEO
    Took the CEO role in April 2000 when Actelion listed; the release credits Actelion with launching three blockbuster drugs. A search summary also calls him Chairman and CEO (WS-cdf)
  5. 1997 – 2000
    Actelionsrc
    Co-founder
    Co-founded at the end of 1997 with Martine Clozel, Walter Fischli and Thomas Widmann (the co-founder names from WS-cdf)
  6. 1985 – 1997
    F. Hoffmann-La Rochesrc
    Cardiovascular drug discovery researcher
    12 years; selected the first calcium T-channel blocker and worked on the first orally active renin inhibitor and anti-thrombotic agents. Start year 1985 from WS-cdf
  7. 1980 – 1985
    Clinical practicesrc
    Cardiologist
    The 2024 release says eleven years as a clinician before moving to research

Achievements

  • Co-founded Actelion in 1997 and ran it as CEO from its April 2000 listing until Johnson & Johnson bought it for USD 30bn in 2017src
  • Co-founded Idorsia from the Actelion demerger in June 2017 and was its CEO for seven years; two drugs launched in that time (insomnia; cerebral vasospasm after subarachnoid hemorrhage)src
  • Recipient of the 1997 Hoffmann-La Roche Research Prize; nominated to the Collège de France (Chair of Technical Innovation) in 2007src
  • As interim CEO, H1 2026: QUVIVIQ net sales CHF 91m (+62%), a Pharmakon secured term loan of up to CHF 250m repaid the New Money Facility, full-year 2026 guidance reaffirmedsrc

Education

  • Medical school in France (institution not named in the sources read), MD Medicine (cardiology)src
  • University of Montreal; University of California, San Francisco, Post-doctoral training Pharmacology and physiologysrc

Background

  • Family Married to Martine Clozel, Idorsia's EVP & Chief Scientific Officer and an Executive Committee member; the two co-founded Actelion and Idorsia togethersrc
  • Founder Jean-Paul and Martine Clozel are Idorsia's largest shareholders, reported at more than 20% at 2025-12-31src
  • Investing Was a holder of Idorsia's convertible bonds and among the bondholders who signed lock-up agreements backing the 2025 restructuring of CHF 800m of convertible debtsrc
  • Investing In April 2024 the Clozels committed to vote for letting Idorsia repay a maturing convertible in shares and agreed a 180-day lock-up; they took another 180-day lock-up on the October 2025 share offeringsrc
  • Other Collège de France annual chair in technological innovation (Liliane Bettencourt chair); publishes widely in peer-reviewed cardiovascular researchsrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

12
  1. Filing Idorsia ad hoc announcement (Art. 53 LR) 'Idorsia appoints Roland Wandeler as Chief Executive Officer', GlobeNewswire copy on Yahoo Finance · 2026-07-01
  2. Filing Idorsia ad hoc announcement (Art. 53 LR) 'Idorsia announces management change', GlobeNewswire copy on Yahoo Finance · 2026-03-16
  3. Filing Idorsia ad hoc announcement (Art. 53 LR) 'Idorsia announces changes to Idorsia Executive Committee and Board of Directors', with 'About Jean-Paul Clozel', GlobeNewswire copy on Yahoo Finance · 2024-05-21
  4. Filing Idorsia release 'Shareholders vote in favor of all proposals by the Board at Idorsia's Annual General Meeting 2026', GlobeNewswire copy on Yahoo Finance · 2026-05-06
  5. Filing Idorsia H1 2026 results release 'QUVIVIQ sales increased 62% year-on-year...', GlobeNewswire copy on Yahoo Finance · 2026-07-30
  6. Filing Idorsia release 'Idorsia takes steps to address short-term liquidity needs', GlobeNewswire copy on Yahoo Finance · 2024-04-11
  7. Web search result WebSearch: Idorsia Annual Report 2025, significant shareholders at 2025-12-31 (Jean-Paul & Martine Clozel >20%; FMR, UBS Fund Management, Cilag Holding, Rudolf Maag >3% each). Summary of results; PDF not fetched, idorsia.com egress-blocked · 2026-09-24
  8. Web search result WebSearch: Collège de France biography of Jean-Paul Clozel (medical degree in France; training in Nancy, Paris, Montreal, San Francisco; cardiologist 1980-1985; Roche from 1985; Actelion founded November 1997). Summary of results; page not fetched · 2026-09-24
  9. Web search result WebSearch: Martine Clozel, EVP & Chief Scientific Officer of Idorsia, co-founded Actelion (1997) and Idorsia (2017) with her husband Jean-Paul Clozel. Summary of results; page not fetched · 2026-09-24
  10. Web search result WebSearch: Idorsia appoints Srishti Gupta, MD as CEO effective 2025-07-01; André C. Muller retires as CEO and becomes an advisor. Summary of results; page not fetched · 2026-09-24
  11. Web search result WebSearch: Idorsia 2025-02-26 agreement with significant bondholders to restructure CHF 800m of convertible bonds; Jean-Paul Clozel among the bondholders signing lock-up agreements. Summary of results; page not fetched · 2026-09-24
  12. Web search result WebSearch: Idorsia completes upsized offering of 16.4m registered shares at CHF 4.00 (CHF 65.6m), October 2025; Jean-Paul and Martine Clozel agreed a 180-day lock-up. Summary of results; page not fetched · 2026-09-24