Watson Pharmaceuticals Appoints Christopher W. Bodine to Board of Directors
June 29 2009 - 7:00AM
PR Newswire (US)
Former President, Health Care Services for CVS Caremark Corporation
Brings Added Global Supply Chain Experience and Expertise to the
Board MORRISTOWN, N.J., June 29 /PRNewswire-FirstCall/ -- Watson
Pharmaceuticals, Inc. (NYSE:WPI), a leader in generic and specialty
branded pharmaceuticals, today announced the appointment of
Christopher W. Bodine to its Board of Directors, effective
immediately. The addition of Mr. Bodine expands Watson's Board to
ten members, of whom nine are independent. Mr. Bodine's career
spans 36 years with two of the nation's leading (Fortune 200)
retail and healthcare companies and brings to Watson a significant
chain drug industry background. "Chris is a terrific addition to
our Board of Directors, and we are extremely pleased to bring his
unique customer insights and perspective to Watson," said Paul
Bisaro, Watson's President and Chief Executive Officer. "We look
forward to his counsel as Watson embarks on its new global
challenges, as well as the guidance and support that he can bring
to our distribution business." Mr. Bodine retired from CVS Caremark
in January 2009 after 24 years with the Company. As President,
Heath Care Services division, he was responsible for Strategy,
Business Development, Trade Relations, Sales and Account
Management, Pharmacy Merchandising, Marketing, Information
Technology and the Minute Clinic. He joined CVS in 1986, and during
that time served in various senior management positions. Prior to
joining CVS, he started his retail career with JCPenney and held
various operational staff roles from 1974-1986. Mr. Bodine has been
active in the industry serving on a number of boards and
committees, including the Healthcare Leadership Council, RI Quality
Institute, National Retail Federation, National Association of
Chain Drug Stores (NACDS), and the NACDS Pharmacy Affairs and
Leadership Committees. In 2005, he was recognized by Mass Market
Retailers magazine as the publication's Top Retail Merchandiser and
one of Drug Store News' "Five People Who Made a Difference" in
Retail. About Watson Pharmaceuticals, Inc. Watson Pharmaceuticals,
Inc. is a global leader in the development and distribution of
pharmaceuticals with a broad portfolio of generic products and a
specialized portfolio of branded pharmaceuticals focused on
Urology, Gynecology and Nephrology (Medical). For press releases
and other company information, visit the Watson Web site at
http://www.watson.com/. Forward-Looking Statement Any statements
contained in this press release that refer to future events or
other non-historical facts are forward-looking statements that
reflect Watson's current perspective of existing trends and
information as of the date of this release. Except as expressly
required by law, Watson disclaims any intent or obligation to
update these forward-looking statements. Actual results may differ
materially from Watson's current expectations depending upon a
number of factors affecting Watson's business. These factors
include, among others, the impact of competitive products and
pricing; market acceptance of and continued demand for Watson's
products; the difficulty of predicting the timing or outcome of FDA
approvals and actions, if any; and other risks and uncertainties
detailed in Watson's periodic public filings with the Securities
and Exchange Commission, including but not limited to Watson's
Annual Report on Form 10-K for the year ended December 31, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020214/WATSONLOGO)
DATASOURCE: Watson Pharmaceuticals, Inc. CONTACT: Patty Eisenhaur
of Watson Pharmaceuticals, Inc., +1-951-493-5611, Web Site:
http://www.watson.com/
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