Noven Pharmaceuticals, Inc. today announced that its board of directors has appointed former Pfizer, Inc. senior executive Peter C. Brandt, age 51, to the offices of President and Chief Executive Officer and to the Noven board of directors. These appointments are effective immediately.

Brandt spent 28 years at Pfizer, the world's leading research-based pharmaceutical company. Most recently, he served as Pfizer’s President – U.S. Pharmaceuticals Operations, where he helped deliver revenue and earnings growth while engineering major change within Pfizer’s U.S. pharmaceuticals organization. Prior to running the U.S. operations, he led the Latin American Pharmaceuticals Operations, as well as the following Pfizer Worldwide Pharmaceuticals functions: Finance, Information Technology, Planning and Business Development. He also oversaw the operations of Pfizer's care management subsidiary, Pfizer Healthcare Solutions. Brandt earned his MBA in finance and accounting from Columbia University and his BA in economics and marketing from the University of Connecticut.

“We could not be more pleased to have an executive with Peter’s background, experience and vision join the Noven team,” said Wayne P. Yetter, Noven’s Chairman. “Noven has a proud and successful history in the development and commercialization of transdermal products. Last year, in order to diversify its prospects and significantly increase its longer-term growth rate, the company embarked on an ambitious strategy to transform itself into a broader-based specialty pharmaceutical company. Just as he led the pharmaceutical operations of one of the largest and most established companies in the world, we are confident that Peter is the ideal executive to lead Noven’s transformation, strategy and growth in the years ahead.”

"I am honored to be asked to lead Noven and join its board," said Brandt, "and excited about the chance to help the company evolve from primarily a transdermal drug delivery company to a high-growth specialty pharmaceutical company. Noven has an impressive array of assets, including outstanding transdermal patch technologies, the highly successful Novogyne joint venture, and a specialty pharmaceutical unit with a significant pipeline. I look forward to working with the team to refine the strategies that will capitalize on these assets, to successfully execute on those strategies, and to build substantial value for Noven shareholders."

As CEO, Brandt succeeds Interim CEO Jeffrey F. Eisenberg, who will remain with Noven as Executive Vice President. The board appointed Eisenberg to the interim leadership position following the January 2008 retirement of Robert C. Strauss. At that time, Noven’s board separated the offices of Chairman and CEO, appointing then lead independent director Wayne Yetter as Noven’s non-executive Chairman. In line with good corporate governance practices, the offices will remain separated, and Yetter will continue to serve as Chairman.

“The board thanks Jeff for leading Noven forward strategically and operationally over the past several months,” said Yetter. “He confirmed his outstanding leadership and importance to the organization by taking charge at a challenging time, and we look forward to his continued contributions to the company.”

NEWS ARCHIVES

2008

• June
• May
• April
• March

2007

• April
• March
• February
• January

2006

• December
• November
• October
• September
• August
• July
• June
• May
• April
• March
• February
• January

2005

• December
• November
• October
• August
• June
• April
• March
• February

2004

• December

NEWSLETTER SIGNUP