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Schering-Plough Shareholders Applaud New CEO.
Byline: Lewis Krauskopf
Apr. 28--MAHWAH, N.J. -- Shareholders of Schering-Plough Corp. greeted CEO Fred Hassan warmly Tuesday, in a sharp departure from annual meetings run by his predecessor.
Problems at the Kenilworth-based drug maker and its diving share price led to hostile give-and-takes between shareholders and former chief Richard Jay Kogan. Kogan, who resigned with a $50 million package, was replaced by Hassan just before last year's annual meeting.
On Tuesday, several shareholders thanked Hassan, who came to Schering-Plough after heading Pharmacia Corp.
But others questioned the role of the board of directors, who in the words of Claire Wollock of Wayne, "caused such horror" to the company by not doing enough when Kogan was in charge.
Hassan defended the board, commending its members for remaining loyal to Schering-Plough through its tough times and for making some "tough calls," including changing CEOs.
"It's not easy to make a change at the top," Hassan said.
- Fred Hassan Elected CEO of Schering-Plough, To Be Elected Chairman of the Board.
- Press release article from: PR Newswire April 20, 2003 700+ words
...beginning of a new era for Schering-Plough. Fred Hassan is a proven leader, with...Schering-Plough," said Hassan. "Schering-Plough is a company with...2003. Before joining Schering-Plough, Hassan was chairman and CEO of...
- Hassan, New Schering-Plough CEO, Outlines Vision for Future At Annual...
- Press release article from: PR Newswire April 22, 2003 700+ words
...annual meeting of Schering-Plough Corporation , Fred Hassan, newly elected chief...research pipeline. Schering-Plough on April 20 named Hassan chief executive officer...in the heritage of Schering-Plough," Hassan told shareholders...
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- Magazine article from: Chain Drug Review May 19, 2003 700+ words
...J. -- Fred Hassan has been elected...executive officer of Schering-Plough Corp...Before joining Schering-Plough Hassan was chairman and...company base, Hassan anticipates implementing...engines so that Schering-Plough's future...
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- News wire article from: The America's Intelligence Wire July 14, 2003 700+ words
...year postlaunch, I am tired of the myth of how Schering-Plough Corp. CEO Fred Hassan came to Pharmacia & Upjohn Inc. with a...a modest seller into a blockbuster'' (``Schering's Dr. Feelbetter?'' People, June 23...
- Fred Hassan, New Schering-Plough Chairman and CEO, Announces Initial Action...
- Press release article from: PR Newswire May 13, 2003 700+ words
Schering-Plough Chairman...Executive Officer Fred Hassan announced today...process. Said Hassan, "As I promised...build a strong Schering-Plough for the...then turn around Schering-Plough," said Hassan. "As we have...
- Ex-Pharmacia CEO Hassan taking top Schering-Plough post.
- News wire article from: The America's Intelligence Wire April 20, 2003 700+ words
...CBS.MW) -- Schering-Plough has hired Fred Hassan, formerly chairman...market speculation that Hassan would be heading to Schering-Plough after Pfizer...the 10-Q is filed, Schering-Plough said. Hassan succeeds Richard Jay...
- Schering-Plough CEO Hassan discusses pharma industries...
- Newspaper article from: Pharma Marketletter June 21, 2004 700+ words
Fred Hassan, chief executive of Schering-Plough, has in a keynote...implications for the future. Mr Hassan was one of the speakers...science excellence" Mr Hassan offered two suggestions...flow process." At Schering-Plough, he noted...
- Seventeen working days after taking the helm at Schering-Plough, Fred Hassan...
- News wire article from: Drug Store News - NewsFirst May 14, 2003 700+ words
KENILWORTH, N.J. -- Seventeen working days after taking the helm at Schering-Plough, Fred Hassan yesterday outlined new initiatives designed to stabilize and turn around the company. The initiatives will focus on strategy, structure and process.
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- Press release article from: PR Newswire August 21, 2003 700+ words
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- Press release article from: PR Newswire June 8, 2004 700+ words
Fred Hassan, chairman and chief executive officer of Schering-Plough Corporation...implications for the future. Hassan was one of the keynote...flow process." At Schering- Plough, the Customer...manufacturing. Finally, Hassan addressed the challenge...