PDI Appoints Gerald P. Belle as Lead Independent Director
July 30 2009 - 7:15AM
PR Newswire (US)
SADDLE RIVER, N.J., July 30 /PRNewswire-FirstCall/ -- PDI, Inc.
(NASDAQ: PDII), a leading provider of sales and marketing support
to U.S. pharmaceutical companies, announced today that current PDI
director Gerald P. Belle has been appointed to the
newly-established position of lead independent director. Mr. Belle
has been a director of the Company since April 2008. He is also a
member of the Audit Committee. "Jerry has served as an invaluable
board member during his tenure with PDI," stated John P. Dugan,
Chairman of the Board of PDI, Inc. "In his expanded role, we
believe Jerry's experience, knowledge and leadership skills will
further enhance the Company's corporate governance structure. We
look forward to his continuing contributions." "I am delighted to
accept this new appointment as lead director of PDI, especially as
the Company continues to expand its strong presence in the industry
and the value proposition it brings to its customers in an
ever-changing environment. As such, I look forward to working with
PDI management and my fellow board members who remain committed to
helping achieve the Company's growth goals while maintaining the
highest standards of corporate governance," stated Mr. Belle. From
2004 until his retirement in November 2007, Mr. Belle served as
Executive Chairman of Merial Ltd., a global animal health company
that is a joint venture between Sanofi-aventis and Merck & Co.
Prior to that, Mr. Belle served as President and Chief Executive
Officer, North America Pharmaceuticals for Aventis, Inc. He retired
after 35 years of service at Aventis and its predecessor companies.
Mr. Belle is Chairman of the Board of Myriad Pharmaceuticals, Inc.,
a publicly traded biopharmaceutical company and also a member of
the board of directors of Myriad Genetics, Inc., a publicly held
genetics diagnostic company. Mr. Belle earned a B.S.B.A. in
Marketing from Xavier University in 1968 and an M.B.A. from
Northwestern University in 1969. About PDI, Inc. PDI provides
commercialization services for established and emerging
biopharmaceutical companies. The Company is dedicated to maximizing
the return on investment for its clients by providing strategic
flexibility, sales, marketing and commercialization expertise. For
more information, please visit the Company's website at
http://www.pdi-inc.com/. Forward-Looking Statements This press
release contains forward-looking statements regarding future events
and financial performance. These statements are based on current
expectations and assumptions involving judgments about, among other
things, future economic, competitive and market conditions and
future business decisions, all of which are difficult or impossible
to predict accurately and many of which are beyond PDI's control.
These statements also involve known and unknown risks,
uncertainties and other factors that may cause PDI's actual results
to be materially different from those expressed or implied by any
forward-looking statement. Such factors include, but are not
limited to: effects of the current worldwide economic and financial
crisis; changes in outsourcing trends or a reduction in
promotional, marketing and sales expenditures in the
pharmaceutical, biotechnology and life sciences industries; early
termination of a significant services contract or the loss of one
or more significant clients or a material reduction in service
revenues from such clients; the ability to obtain additional funds
in order to implement PDI's business model; the ability to
successfully develop and generate sufficient revenue from any
product commercialization opportunities; the ability to
successfully identify, complete and integrate any future
acquisitions and the effects of any such acquisitions on PDI's
ongoing business; the ability to meet performance goals in
incentive-based and revenue sharing arrangements with clients;
competition in PDI's industry; the ability to attract and retain
qualified sales representatives and other key employees and
management personnel; product liability claims against PDI; changes
in laws and healthcare regulations applicable to PDI's industry or
PDI's, or its clients', failure to comply with such laws and
regulations; the ability to increase revenues and successfully
manage the size of PDI's operations; volatility of PDI's stock
price and fluctuations in its quarterly revenues and earnings;
potential liabilities associated with insurance claims; failure of,
or significant interruption to, the operation of its information
technology and communications systems; the results of any future
impairment testing for goodwill and other intangible assets; and
the risk factors detailed from time to time in PDI's periodic
filings with the Securities and Exchange Commission, including
without limitation, PDI's Annual Report on Form 10-K for the year
ended December 31, 2008, and PDI's subsequently filed quarterly
reports on Form 10-Q and current reports on Form 8-K. Because of
these and other risks, uncertainties and assumptions, undue
reliance should not be placed on these forward-looking statements.
In addition, these statements speak only as of the date of this
press release and, except as may be required by law, PDI undertakes
no obligation to revise or update publicly any forward-looking
statements for any reason. DATASOURCE: PDI, Inc. CONTACT: Media:
Amy Lombardi of PDI, Inc., +1-201-574-8663, ; or Investor: Melody
A. Carey of Rx Communications Group, LLC, +1-917-322-2571, Web
Site: http://www.pdi-inc.com/
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