Biogen Idec Names Caroline Dorsa to Board of Directors
CAMBRIDGE, Mass., Jan 04, 2010 (BUSINESS WIRE) -- Biogen Idec (NASDAQ:BIIB) today announced the appointment of Caroline Dorsa, Executive Vice President and Chief Financial Officer of Public Service Enterprise Group (PSEG) and former Senior Vice President, Global Human Health, Strategy and Integration at Merck & Co., Inc., to its Board of Directors. Ms. Dorsa fills a vacancy on the Board.
"Caroline Dorsa brings exceptional financial expertise, strong strategic thinking and a deep knowledge of the pharmaceutical industry to our Board," said Biogen Idec Chairman William D. Young. "Her outstanding business experience will enable her to make significant contributions to Biogen Idec as it executes its long-term strategic plan."
Ms. Dorsa, 50, was named Executive Vice President and Chief Financial Officer of PSEG, a publicly traded diversified energy company with annual revenues of more than $13 billion, in April 2009. Prior to that, she had served as Senior Vice President, Global Human Health, Strategy and Integration at Merck since early 2008. From 1987 to 2006, she served in various financial positions at Merck, including Vice President and Treasurer. In 2007, she was named Senior Vice President and CFO at Avaya, Inc. and then held the same positions at Gilead Sciences, Inc. before rejoining Merck in 2008. Earlier in her career, Ms. Dorsa worked for Mayor Ed Koch of the City of New York promoting economic development in midtown Manhattan. Ms. Dorsa holds a B.A. from Colgate University and an M.B.A. from Columbia Business School.
About Biogen Idec
Biogen Idec creates new standards of care in therapeutic areas with high unmet medical needs. Founded in 1978, Biogen Idec is a global leader in the discovery, development, manufacturing, and commercialization of innovative therapies. Patients in more than 90 countries benefit from Biogen Idec's significant products that address diseases such as lymphoma, multiple sclerosis, and rheumatoid arthritis. For product labeling, press releases and additional information about the company, please visit www.biogenidec.com.
SOURCE: Biogen Idec
Biogen Idec Media:Amy Reilly, 617-914-6524Associate Director, Public AffairsorBiogen Idec Investor Relations:Eric Hoffman, 617-679-2812Director, Investor Relations