18th Nov 2009 07:00
SKYEPHARMA PLC - BOARD CHANGE - CHAIRMAN
LONDON, UK, 18 November, 2009 - SkyePharma PLC (LSE: SKP) regrets to announce today that its Chairman, Jeremy Scudamore, has informed the Board that he intends to step down from the Board at the end of 2009 for health reasons.
Frank Condella, Non-Executive Director and former CEO of SkyePharma, has agreed to take over as Non-Executive Chairman with effect from 1 January 2010.
Dr Ken Cunningham, CEO of SkyePharma, commented: "The Board thanks Jeremy for his valuable contribution as Chairman of the Company since October 2007 and wishes him a speedy and successful recovery. We are very fortunate that Frank Condella is able to take over from Jeremy as Chairman of SkyePharma. Frank will bring a strong sense of continuity to the position as well as a deep understanding of the business and we all look forward to continuing to work with him in his new role."
Editors' Note
Frank Condella was Chief Executive Officer of SkyePharma PLC from 1 March 2006 until 1 September 2008 and has been a Non-Executive Director since 1 November 2008. Aged 55, Frank Condella is a Non-Executive Director of Fulcrum Pharma plc and an independent Director of Columbia Laboratories, Inc. Previously, he was President of European Operations at IVAX, Chief Executive officer of Faulding Pharmaceutical Co., Vice-President of the Specialty Care Products business at Roche and Vice-President and General Manager of the Lederle unit of American Home Products.
For further information please contact:
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SkyePharma PLC |
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Ken Cunningham, Chief Executive Officer |
+44 207 491 1777 |
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Peter Grant, Chief Financial Officer |
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Financial Dynamics |
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Jonathan Birt/Susan Quigley |
+44 207 831 3113 |
About SkyePharma PLC
Using its proprietary drug delivery technologies, SkyePharma develops new formulations of known molecules to provide a clinical advantage and life-cycle extension. The Group has twelve approved products in the areas of oral, inhalation and topical delivery. The Group's products are marketed throughout the world by leading pharmaceutical companies. For more information, visit www.skyepharma.com.
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