Taro Pharmaceutical Industries strengthens international division with two key appointments.HAWTHORNE, N.Y.--(BUSINESS WIRE)--April 15, 1997-- Robert T. Schweiger joins from Schein-Bayer as COO (Cell Of Origin) See mobile positioning. of international subsidiary; Mark Lewis named director of European operations Taro Pharmaceutical Industries Ltd. (NASDAQ/NMS:TAROF) Tuesday announced the appointment of two veterans of the international pharmaceutical industry to its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Taro International Ltd. Robert T. Schweiger was appointed to the newly created position of vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Taro International Ltd. Mark Lewis was appointed to the newly created position of director of European operations in the same subsidiary. Before joining Taro, Schweiger was a vice president at Schein-Bayer Pharmaceutical Services Inc. in Parsippany, N.J., from 1994. He directed Eastern European, Middle Eastern and African operations for the Lederle division of American Cyanamid American Cyanamid was a large, diversified, American chemical manufacturer. Lederle Laboratories, maker of Centrum and Stresstabs vitamins, was Cyanamid's pharmaceutical division. Davis & Geck was the company's medical device division. in Wayne, N.J., from 1992 to 1994. He undertook an entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. packaging venture from 1989 to 1992. Before that he worked for 17 years for SmithKline Beckman Corp. (now SmithKline Beecham) in the fields of finance, business development and line management. His last position at SmithKline was that of regional director for Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the Caribbean. "Mr. Schweiger's many years of experience in the worldwide pharmaceutical market will provide Taro's international division with expert guidance in our global marketing effort," said Taro's chairman, Barrie Levitt, M.D. Schweiger will operate from the offices of Taro Pharmaceuticals U.S.A., Inc., the company's wholly owned subsidiary, in Hawthorne, N.Y. Before joining Taro, Lewis worked for 17 years in international pharmaceutical marketing, business development and operations posts for companies including Servier in France, Chiron in the Netherlands and Farmitalia Carlo Erba in Italy. He will operate from England. "The addition of these two highly qualified individuals will support Taro's international marketing effort with expertise that will be invaluable to the company," Levitt said. "They will be working with all divisions of Taro to strengthen our international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ." Taro Pharmaceutical Industries Ltd. is a multinational company whose research and development program has resulted in the company's being the first generic marketer of several branded drugs. Taro is also the developer of several new pharmaceutical compounds. For further information on Taro Pharmaceutical Industries Ltd., please visit the company's home page at http://www.taropharma.com . To receive additional information on Taro Pharmaceutical Industries Ltd. by fax at no cost, dial 800/PRO-INFO and enter company code 104 or ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors TAROF. Robert T. Schweiger can be contacted at: Taro International Ltd. c/o Taro Pharmaceuticals U.S.A., Inc. Five Skyline Drive
Skyline Drive is a 105 mile (169 km) road that runs the entire length of the National Park Service's Shenandoah National Park in Hawthorne, NY 10532 USA Tel: 888/TARO USA Fax: 914/345-8728 Mark Lewis can be contacted at: Farleigh Oaks 227 Farleigh Road Warlingham Surrey Surrey, county (1991 pop. 997,000), 653 sq mi (1,691 sq km), SE England. The county seat is Guildford. The North Downs cross the county from east to west. To the north the land slopes gently downward to the Thames, into which flow the Wey and the Mole, Surrey's CR6 9EL U.K. Tel: 011-44-1883-625941 Fax: 011-44-1883-626312 E-mail: 106236.254@compuserve.com CONTACT: Taro Pharmaceutical Industries Ltd., Hawthorne Peter Giallorenzo, 914/345-9001 or The Financial Relations Board Daniel Saks/David Lawton (general information) or Steven Seiler (media information), 310/442-0599 Kathy Brunson (analyst information), 312/266-7800 |
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