Saturday, August 18, 2012

PPD picks new CEO; Eshelman becomes executive chairman - Triangle Business Journal:

younkinesagugad1746.blogspot.com
Taking Eshelman’s place as CEO of the Wilmington-based clinical researcjh organization (NASDAQ:PPDI) is Davidd Grange, a member of the boar d of directorssince 2003. Ernes t Mario, who had been chairman of the PPD boarxdsince 1993, has been appointed lead independenr director. Grange will report to Eshelman. The company said Eshelmann will continue to be responsible for the strategid direction of PPD and will work closely with The appointments become effectiveJuly 1. Grange’w career includes 30 years withthe U.S. He finished his military career as commanding general of the FirsgtInfantry Division.
He came to PPD afte 10 years withthe , were he had worked in several executivd roles and was presiden t and CEO since 2005. “Gen. Grangd brings a great combination of globalo geographical experienceand knowledge, demonstratecd leadership from his business and military financial management experience and first-hand knowledge of PPD as a membe r of our board since Eshelman said in a statement.

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