Jean-Pierre Garnier and Robert Bertolini nominated to join Actelion's Board
Actelion Pharmaceuticals Ltd /
Jean-Pierre Garnier and Robert Bertolini nominated to join Actelion's Board
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Actelion nominates two Board Directors with outstanding pharmaceutical industry,
management and financial expertise for election at the Annual General Meeting of
05 May 2011
ALLSCHWIL/BASEL, SWITZERLAND - 06 April 2011 - Actelion Ltd (SIX: ATLN) today
announced the nomination of Jean-Pierre Garnier and Robert Bertolini for
election to the Company's Board of Directors at the 2011 Annual General Meeting
(AGM) of shareholders, to be held on 05 May 2011. When elected, Jean-Pierre
Garnier will become a Vice Chairman together with Joseph C. Scodari. As part of
its succession planning, it is the intention of the Board that Jean-Pierre
Garnier will be appointed Chairman following, as previously announced, the
conclusion of Robert E. Cawthorn's term of office at the 2012 Annual General
Meeting.
Robert Cawthorn, Chairman of the Board of Directors said: "We are delighted to
nominate two truly outstanding industry executives to serve on our Board. The
Nominating & Governance Committee and the entire Board are convinced that their
combined experience as both seasoned non-executive directors and as executives
of some of the world's leading pharmaceutical and biotechnology companies will
contribute significantly towards our objective of delivering a strategy that
maximizes value creation for our shareholders."
Robert Cawthorn added: "Dr. Garnier's distinguished career includes seven years
as the first CEO of GlaxoSmithKline. Thanks to his judgment, charisma,
experience and energy, he made the integration of GlaxoWellcome and SmithKline
Beecham a true success, creating the world's second largest pharmaceutical group
at the time. His operational and financial expertise is respected across the
industry. Mr. Bertolini, the former CFO of Schering-Plough, is highly
experienced in finance, corporate strategy and governance. He will bring
invaluable perspective to Actelion, having served more than 20 years in senior
management and board director roles at innovative pharmaceutical and
biotechnology companies as well as at a Big Four accountancy firm."
Robert Cawthorn concluded: "We believe that both nominees are uniquely qualified
to help Actelion realize the value inherent in its business as the Company
advances its well-balanced, late-stage pipeline and enters the next phase of its
development."
Carl Feldbaum, Chairman of the Board's Nominating & Governance Committee added:
"These two nominations follow the recent strengthening of the Board by Joseph
Scodari and Michael Jacobi as part of our on-going efforts to optimize the
composition of the Board for Actelion's next phase of growth. The nomination of
Dr. Garnier and Mr. Bertolini underscores the Board's emphasis on providing
knowledgeable, independent and seasoned strategic guidance as Actelion continues
to evolve."
Dr. Jean-Pierre Garnier, commenting on today's announcement said: "I am very
pleased to have been nominated to join the Actelion Board. I'm very impressed
with the Company's track record and where it stands today as Europe's largest
biopharmaceutical company. I believe Actelion's track record in translating
superior drug discovery into meaningful therapeutic solutions is very exciting.
I look forward to contributing to guiding the company through the next phase of
growth."
Robert Bertolini added: "I am excited to have the opportunity to join Actelion's
Board. The Company has the world's leading PAH franchise and excellent
development potential. I am confident that, with the addition of my own and
Jean-Pierre's experience, the expanded Board has the skills and experience to
shape the future of the Company."
The re-election of three Board members, whose terms of office are up for renewal
at this year's AGM, together with this nomination of two Board members, - one
replacing the seat left open by the departure of Dr. Elias Zerhouni, who left at
the end of 2010 to focus on his new role at Sanofi-aventis - will bring the
total number of Board members to 11, the maximum allowed according to Actelion's
articles of association.
Actelion's upcoming AGM is an important event in shaping Actelion's future. The
invitation with the agenda items and the Board's recommendations will be
published no later than 20 days ahead of the event. The Company encourages all
shareholders to register their shares no later than 28 April 2011 and to vote
for Actelion's slate of experienced director nominees by attending the AGM on
05 May 2011 either in person or by casting their vote via the independent proxy
card that will be distributed to shareholders in due course.
###
Notes to the editor
About the proposed new members of the Actelion Board of Directors
Jean-Pierre Garnier
From 2001 to 2008, Jean-Pierre Garnier was the first Chief Executive Officer of
GlaxoSmithKline, assuming this role with the merger of SmithKline Beecham and
Glaxo Wellcome. He joined SmithKline Beecham in 1990 as President of its
pharmaceutical business in North America and served as Chairman, Pharmaceuticals
from 1994 until his appointment as Chief Operating Officer in 1995. He was
elected to the company's Board of Directors in 1992. He became Chief Executive
Officer of SmithKline Beecham in April 2000.
Prior to SmithKline Beecham, Dr. Garnier served as President of Schering-
Plough's US business. During his 15 years at Schering, he held various
management positions, including General Manager of several overseas
subsidiaries.
From 2008 to 2010, Jean-Pierre Garnier was CEO of Pierre Fabre Labs, a
pharmaceutical and dermocosmetical company located in France.
He serves on the Boards of Directors of both United Technologies Corporation and
Renault S.A. He is Chairman of the US biopharmaceutical company NormOxys
(biotechnology), serves on the board of the French biotech firm Cerenis and acts
as operating partner at Advent international, a global private equity firm.
Dr. Garnier's accomplishments have been recognized with many prestigious
appointments and awards. In 2001 he was presented with the Marco Polo Award for
GlaxoSmithKline's commitment to China. In 2005, he was presented with the Global
Business Leadership Award from Stanford Business School. In July 2007, he was
appointed to the UK Prime Minister's Business Advisory Council. In 2007/2008 he
was strategic advisor to the Dubai International Capital investment fund. In
1997, Jean-Pierre Garnier received the Chevalier de la Légion d'Honneur and, in
January 2008, he was promoted to Officier de Légion d'Honneur. In May 2009,
Jean-Pierre Garnier was appointed as "Knight Commander of the British Empire".
Jean-Pierre Garnier holds a PhD in pharmacology and an MS in pharmaceutical
science from the Louis Pasteur University of Strasbourg, France. As a Fulbright
Scholar, he earned an MBA at Stanford University, California in 1974.
Robert Bertolini
Robert J. Bertolini, is a senior-level executive with extensive experience in
audit, financial controls and corporate governance. Mr. Bertolini has served
various key roles at numerous top-tier pharmaceutical organizations. He brings
strong industry and financial expertise to the Actelion Board, having experience
in building world-class finance and information technology functions and in
leading business development and strategy.
From 2003 to 2009, Robert Bertolini was Executive Vice President and Chief
Financial Officer at Schering Plough Corporation. He joined Schering-Plough
during a time when it was facing challenges across several areas. Robert
Bertolini worked hand-in-hand with the CEO in all aspects of transforming
operations and was part of the team that turned the company around and drove
strategic decisions that more than doubled its adjusted net sales from $8.6
billion in 2004 to $20.8 billion in 2008.
Prior to joining Schering-Plough, Mr. Bertolini spent 20 years at
PriceWaterhouseCoopers holding positions of increasing responsibility, where he
finally led a global organization serving the pharmaceutical industry and other
health-related industries.
Robert Bertolini played a senior adviser role to top management of client
companies such as Merck, Pharmacia and Johnson & Johnson on all financial and
general business issues including licensing agreements, merger & acquisition
transactions, IPO's, strategic partnering, audit, financial controls and
corporate governance.
He joined the respective Boards of Genzyme Corporation in December 2009 and
Charles River Laboratories International, Inc. in January 2011.
He is a Certified Public Accountant licensed in New York and New Jersey. Mr.
Bertolini graduated with a B.A. degree in Economics from Rutgers University, the
State University of New Jersey.
Actelion Ltd.
Actelion Ltd is a biopharmaceutical company with its corporate headquarters in
Allschwil/Basel, Switzerland. Actelion's first drug Tracleer®, an orally
available dual endothelin receptor antagonist, has been approved as a therapy
for pulmonary arterial hypertension. Actelion markets Tracleer® through its own
subsidiaries in key markets worldwide, including the United States (based in
South San Francisco), the European Union, Japan, Canada, Australia and
Switzerland. Actelion, founded in late 1997, is a leading player in innovative
science related to the endothelium - the single layer of cells separating every
blood vessel from the blood stream. Actelion's over 2,400 employees focus on the
discovery, development and marketing of innovative drugs for significant unmet
medical needs. Actelion shares are traded on the SIX Swiss Exchange (ticker
symbol: ATLN) as part of the Swiss blue-chip index SMI (Swiss Market Index
SMI®).
For further information please contact:
Roland Haefeli
Vice President, Head of Investor Relations & Public Affairs
Actelion Pharmaceuticals Ltd, Gewerbestrasse 16, CH-4123 Allschwil
+41 61 565 62 62
+1 650 624 69 36
www.actelion.com
The above information contains certain "forward-looking statements", relating to
the company's business, which can be identified by the use of forward-looking
terminology such as "estimates", "believes", "expects", "may", "are expected
to", "will", "will continue", "should", "would be", "seeks", "pending" or
"anticipates" or similar expressions, or by discussions of strategy, plans or
intentions. Such statements include descriptions of the company's investment
and research and development programs and anticipated expenditures in connection
therewith; descriptions of new products expected to be introduced by the company
and anticipated customer demand for such products and products in the company's
existing portfolio. Such statements reflect the current views of the company
with respect to future events and are subject to certain risks, uncertainties
and assumptions. Many factors could cause the actual results, performance or
achievements of the company to be materially different from any future results,
performances or achievements that may be expressed or implied by such forward-
looking statements. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described herein as anticipated, believed,
estimated or expected.
--- End of Message ---
Actelion Pharmaceuticals Ltd
Gewerbestrasse 16 Allschwil Switzerland
ISIN: CH0010532478;
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