Biotechnology Business
Biogen Idec Provides Update on CEO Search and Management Changes
Published in Biotech Business Week, June 21st, 2010
Biogen Idec (NASDAQ: BIIB), a global biotechnology leader in the discovery, development, manufacturing, and commercialization of innovative therapies, announced that the Board of Directors is in the final stages of selecting a Chief Executive Officer and expects to announce the appointment in the coming weeks. As previously announced, James C. Mullen, President, Chief Executive Officer and director, will retire from the Company on June 8. The Company's senior leadership team will report to Board Chairman William D. Young on an interim basis as the process is completed.
Mr. Young said, "The Board has conducted a thorough selection process and is unified in its view that...
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