Matthew L. Friedman Appointed Vice President & Treasurer, IMS HEALTH.LONDON--(BW HealthWire)--Feb. 16, 1999--IMS HEALTH (NYSE NYSE See: New York Stock Exchange :RX) today announced that Matthew L. Friedman has been appointed Vice President & Treasurer, effective immediately. Friedman will report to J. Michal Conaway, IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. HEALTH's Chief Financial Officer. IMS HEALTH IMS Health (NYSE: RX) is an international consulting and data services company that supplies the pharmaceutical industry with sales data and consulting services. IMS Health was founded in 1954 by Bill Frohlich and David Dubow. is the world's leading provider of information solutions to the pharmaceutical and healthcare industries. Friedman will be responsible for all treasury functions of the corporation, including foreign currency management, global liquidity management and commercial banking relationships. "Matt's appointment is well-deserved and recognizes his many contributions to the business," said Conaway, who noted Friedman's leadership role in guiding the corporation's recent share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. programs. "His extensive background in finance and team orientation will help ensure our continued success." An independently traded public company since June 30, 1998, IMS HEALTH is a spin-off from the Cognizant Corporation, which itself was created with the trivestiture of Dun & Bradstreet in 1996. Friedman, 41, joined Dun & Bradstreet in 1984 from Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , where he served as Assistant Treasurer in the Corporate Industries Sector. He was appointed Assistant Treasurer of Cognizant Corporation upon the trivestiture, and named Interim Treasurer in August 1997. Friedman received his undergraduate degree from Brandeis University, and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Finance from the University of Chicago in 1981. Friedman and his wife, Linda, live in Manhattan. IMS HEALTH is the world's leading provider of information solutions to the pharmaceutical and healthcare industries. With more than $1 billion in 1997 revenue, IMS HEALTH operates in over 90 countries. IMS HEALTH is the largest pharmaceutical manufacturer information partner, with over 40 years' experience in the industry. Key products and services integral to customer day-to-day operations include: market research for prescription and over-the-counter pharmaceutical products; sales management information to optimize sales force productivity; technology enabled selling solutions for sales and marketing decision-making; and technology systems and information services See Information Systems. that support managed care organizations. Additional information is available at http://www.imshealth.com. |
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