In this episode of the Active Ingredients podcast, host Thomas Dove interviews Alan Rankin, Chief Procurement Officer at Moderna.

Alan's career trajectory from organic chemist to transformational procurement leader spans some of pharma's biggest names, including Novartis, Sandoz, and Moderna. His journey reveals how technical expertise combined with people-centric leadership creates extraordinary value in life sciences. The conversation explores bold career transitions, the private equity mindset, and how AI-enabled procurement teams will reshape pharmaceutical operations in the coming decade.

Key Takeaways

• Discover how AI agents will sit alongside human teams in pharmaceutical procurement, with Alan explaining Moderna's approach to managing digital and human workforces together, positioning AI capabilities within HR rather than IT.
• Understand why experimentation with AI technology matters more than fear of job replacement, as Alan shares how Moderna's culture allows people to learn and build with AI tools, enabling workforce reinvention rather than displacement.
• Learn how curiosity, connection, and the ability to lower judgment form the foundation of impactful leadership, especially in procurement roles where stakeholder influence is crucial in driving organisational change.
• Discover why asking questions instead of providing answers fosters accountability in teams and strengthens ownership, as Alan explains how this shift transformed his leadership approach from content-driven to people-centred.
• Understand the private equity lens as a value multiplier rather than cost-cutting pressure, where delivering bottom-line impact translates to exponential enterprise value at exit.
• Explore the critical importance of data quality as the foundation for procurement value creation, with Alan's framework: data > insights > ideas > projects > savings.
• Take away strategies for successful transitions from big pharma to smaller organisations, recognising that moving from thousand-person teams to lean operations requires building systems from scratch without the corporate machine behind you.
• Gain insights into defining personal success internally rather than through external validation, as Alan shares how working with coaches helped him discover that self-defined success metrics around wellbeing and detachment matter more than titles.

Snippets

• "Your job as a leader is to make people who work for you successful. And the theory is if they're successful, then you'll be successful."

• "Data leads to insights. Insights leads to ideas. Ideas lead to projects. Projects, when executed well, lead to money in the bank. But at the end of the day, it all starts with the data."

• "The private equity lens is just a wonderful appreciation of what procurement can do and what procurement can bring to the table."

Timestamps & Topics

• 00:30:17 -- Three Active Ingredients: Curiosity, connection, and the ability to lower judgment
• 00:42:23 -- First Leadership Role: Managing a unionised workforce as the youngest production lead
• 00:52:13 -- Big Pharma to PE Transition: Building procurement systems from scratch at Stata
• 01:00:25 -- Moderna Mission: Joining to advance platform mRNA technology in oncology
• 01:16:46 -- Procurement of the Future: Integrating AI agents alongside human workforce

Resources

• Follow Alan Rankin on LinkedIn: https://www.linkedin.com/in/alan-rankin-a2733a6/
• Follow Thomas Dove on LinkedIn: https://www.linkedin.com/in/lifesciencesexecutivesearch/

Don't Miss an Episode

Remember to tune in to our next episode for more inspiring insights. You can also subscribe to the Active Ingredients podcast on Apple Podcasts, Spotify, and other leading podcast platforms.

Loved this episode?

Share it with your friends, family or your peers!