Genzyme Elects Robert Bertolini to Its Board

Posted on: Fri, 11 Dec 2009 00:56:00 EST

Symbols: MRK, GENZ

Dec 11, 2009 (Close-Up Media via COMTEX) --
MRK | Quote | Chart | News | PowerRating -- Genzyme Corp. has announced the election of Robert J. Bertolini to the company's board of directors.

Bertolini was executive vice president and chief financial officer at Schering-Plough Corp. until its recent merger with Merck & Co.

Bertolini had been with Schering-Plough since 2003, where he worked hand-in-hand with the chief executive officer in all aspects of transforming the company's operations. Joining the organization during a time when it was facing challenges across several areas, he 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.

In addition to this work, Bertolini built finance and information technology functions and led business development and strategy, overseeing a team of more than 3,000 employees. He had responsibility for key financial areas including tax, accounting and financial asset management, among other areas.

"We are pleased to add Bob Bertolini to our board of directors, and look forward to the significant contributions we know he will make," said Henri A. Termeer, Genzyme's chairman and chief executive officer. "Bob brings to our board exceptionally strong industry and financial expertise, having worked with the pharmaceutical and health care industry for more than 25 years. We welcome his experience and perspective as Genzyme continues to grow and evolve."

Genzyme's board of directors had eight members prior to Bertolini's election. Upon the recommendation of the board's nominating and governance committee, the board this week voted to expand to nine members, and subsequently elected Bertolini. Eight members of Genzyme's board are independent directors.

((Comments on this story may be sent to health@closeupmedia.com))

For full details on Merck & Co (MRK) MRK. Merck & Co (MRK) has Short Term PowerRatings at TradingMarkets. Details on Merck & Co (MRK) Short Term PowerRatings is available at This Link.

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