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Biography of Stephen Bradley SAAD

South Africa > Business : Stephen Bradley SAAD

Stephen Bradley SAAD
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Born on 23/06/1964 (format : day/month/year)

Biography :

Stephen Bradley Saad (b.June 23,1964), is the South African  Chief Executive Officer of "Aspen Pharmacare Holdings Ltd in Durban.Aspen becoming Africa’s largest pharmaceutical manufacturer, and the sole manufacturer of generic antiretroviral (ARV) drugs with US Food and Drugs Administration (FDA) approval; Inducted into the Ernst & Young World Entrepreneur Of The Year Hall of Fame (Monte Carlo, 2005);

He is married and has four daughters.

In little longer than seven years he has made Aspen Pharmacare, Africa’s largest pharmaceutical manufacturer.

Stephen’s greatest achievements in the healthcare sector relate to his pioneering ability in combating HIV/AIDS. Stephen has secured voluntary licenses from multinational pharmaceutical giants for the manufacture of desperately needed antiretroviral (ARV) medicines. Aspen is one of only three pharmaceutical companies worldwide to be selected by the Clinton Foundation as capable of manufacturing antiretroviral (ARV) medicines at the stipulated quality and price.

In addition to this, Aspen’s manufacturing facilities have recently been approved by the US Food and Drug Administration (FDA) as being suitable for the manufacture of generic anti-retrovirals to meet the needs of President Bush’s Emergency Plan for AIDS Relief. The President’s organisation has pledged $15bn to assist developing countries as they address the crisis of HIV/AIDS over the next five years.

Aspen presently has a market capitalisation in excess of R5 billion and is Africa’s largest pharmaceutical manufacturer and the continent’s largest manufacturer of generic pharmaceutical products.

In 2005, Stephen was inducted into the international Ernst & Young World Entrepreneur of the Year, Hall of Fame, sharing this honor with among others Patrice Motsepe (ARMGold) and Michael Dell (Dell Computers).

Stephen is a son of KwaZulu-Natal. Born in Durban and schooled at Clifton Prep, Durban High School and then University of Natal, he completed a B.Com degree at the Howard College campus. As if this didn't present sufficient challenge, he followed it up with a stint of competitive rugby in Ireland. Perhaps due to the woeful prospects of the Springboks, or the lure of making a deal, Saad returned to South Africa where his indomitable entrepreneurial spirit ignited. The rest has become history!

Stephen started Aspen in 1997 and after settling financial obligations, commenced business in a highly traded, globally competitive industry with a R1 billion debt! However under his leadership, with keen financial acumen, strategic acquisitions, operational competitiveness and commitment, he developed Aspen to become a highly profitable concern, with local and international subsidiaries. With its strong local manufacturing content - Stephen's overriding vision is "It can be done and it can be done in South Africa".

The company is currently recognized as a world leader in generic medication including Anti-Retrovirals.
Aspen's commitment to South Africa's development is noteworthy. Besides contributing to human resource development and pharmaceutical research, the company is involved in a number of Corporate Social Investment (CSI) projects in various disadvantaged regions. Further, the company is committed to offering support and accessible, affordable healthcare facilities to disadvantaged communities.

Last update : 07/02/2008

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