With limited resources, you obviously focus the program on those with the greatest needs, pfizer ceo hank mckinnell said at a january 15 news conference. Mckinnell has been ceo of pfizer for five years, and will remain as chairman until february 2007. Kindler as chief executive officer to replace hank mckinnell, 63, who will remain chairman of the board of the worlds largest drug company until his retirement in february 2007. In an interview with crains, hank mckinnell, pfizer ceo and chairman, said there is a direct tie between the success of new drugs such as lyrica and jobs in ann arbor. Viewrays innovative technology brings unprecedented visibility to radiation therapy, and can help countless cancer. Mckinnell held a number of executive positions including chairman and chief executive officer of pfizer inc.
He set up his own succession race, but was removed by the board before hed planned to go. In a stunning example of pay for failure, former pfizer nyse. It is listed on the new york stock exchange, and its shares have been a component of the dow jones industrial average since 2004. Chief scientific officer and president, worldwide research, development and medical of pfizer inc. Pfizer board defends 20 percent raise it awarded to henry a mckinnell, chairman. If you buy the book a call to action by pfizer s ceo, dr.
Pfizer on the front lines pharmaceutical executive. Indeed, in early 2004 human pharmaceuticals was the largest business segment, making up. The following scripts and slides were used for a conference call on july 17, 2002. He makes the following disclaimer in his book, much of what i have to say is aligned with pfizers policies on the issues. In the 2003 report, new ceo hank mckinnell discusses pfizer s performance goals and its acquisition of pharmacia, which gave it control of antiarthritis drug celebrex.
Pfizer ceos call to action hank mckinnell is chairman and ceo of pfizer, the largest, most profitable pharmaceutical company in the world. Jul 31, 2006 pfizer is changing as well and aggressively transforming its business model to build the nextgeneration pfizer, said hank mckinnell, chairman and chief executive officer. This despite investor anger about his rich retirement benefits. Pfizer replaces mckinnell early as ceo pharmatimes. Pfizers hank mckinnell replaced as ceo financial times.
It is one of the worlds largest pharmaceutical companies. But hey, i wouldnt want to be running pfizer right now, either. This is a partial transcript from your world with neil cavuto, july 15, 2002, that was edited for clarity. Hank mckinnell has written an astonishing book a call to action in which he admits that he doesnt always believe in what hes saying 11, that drugs from canadian pharmacies are safe 69 and that high u.
Cochran the only woman ceo of a public company in the birmingham area got a 28 percent pay raise this year, which. Henry hank mckinnell, retired chairman and ceo of pfizer, weighs in on the future of healthcare and the fda under the trump administration. And for just that reason, kindler, the deliberate and measured general counsel, vice chairman, andif you believe the mainstream business presscandidate to succeed hank mckinnell as pfizer s ceo, holds in his hand, both literally and symbolically, some of. Chief digital and technology officer, executive vice president. Hank mckinnell, with the notion that you will learn what this pharma executive believes the industry should do to reform itself, you are in for a big surprise. In a call to action, he argues that healthcare systems are focused on sickness and its management, rather than health. A long shot becomes pfizers latest chief executive the new. A mea non culpa by big pharma by john mack if you buy the book a call to action by pfizer ceo dr. Thats what henry mckinnell did as ceo of pharmaceutical giant pfizer, taking a 72% pay increase in 2005 as its company struggled to reduce costs in light of projected earnings losses. In his book a call to action, hank mckinnell, a past ceo of pfizer. Kindler as chief executive officer to replace hank mckinnell, 63, who will remain chairman of the board of the worlds largest drug.
Occasionally, in this book, mckinnell acknowledges that pfizer could have. Board of directors mckinnell to advise growing pharmaceutical company focused on a treatment for sickle cell diseaselos. Following prince charming blogs granite falls advocate. May 01, 2007 pfizers chief executive officer ceo hank mckinnell, has stepped forward defending the industry in many public appearances, including advertisements and now this book. Kindler, 51, also was elected to the drugmakers board. He joined pfizer japan in 1971 and held a number of leadership positions, including.
In 2003, the first eighteen global health fellows are sent into the field. He also currently holds the positions chairman of the board of credit ratings company moodys corporation and chairman of the board of the accordia global health foundation. Board of directors mckinnell to advise growing pharmaceutical company focused on a. Jul 28, 2006 hank mckinnell, who built pfizer into the worlds largest drug maker, was replaced as chief executive late on friday after disappointing shareholders and raising questions on wall street about.
I would be remiss, hank, if i didnt right away get into the viagra search stuff. Hank mckinnell is chairman and ceo of pfizer, the largest, most profitable pharmaceutical company in the world. Chairman bill steere likes pfizer s new size, pe, august 2000. Mckinnell became ceo when pfizer faced a patent cliff. Pfizer ceo hank mckinnell kicked off a tour in support of his new book a call to action. Pfizer ceo jeff kindler supports hillary clinton for president. Pfizer ceos call to action bond university research portal. Pfizer taps kindler to succeed mckinnell as ceo wsj.
As ceo, mckinnell continued to implement a key strategy he had been espousing since arriving at pfizers new york headquarters. In the 2000 annual report, then ceo bill steere discusses pfizer s rise to industry prominence with the acquisition of warnerlambert. Peter rost, vice president of marketing for pfizer, doesnt always see eyetoeye with his employer and other large drugmakers which is precisely why he urges everyone to read pfizer ceo hank mckinnell s book, a call to action. Consider hank mckinnell and karen katen, two rising stars at pfizer during the 1990s. He also currently holds the positions chairman of the board of credit ratings company moodys corporation and chairman of the board of. C among other events, the tour is expected to include appearances on charlie rose, the mclaughlin group, cspan and the today show. Henry mckinnell news newspapers books scholar jstor july 2009 learn how and when to remove this template message.
Dec 06, 2010 pfizer today looks a lot like pfizer when mckinnell was forced out by shareholders who were angry at the value he had destroyed. Mckinnells mea non culpa if you buy the book a call to action by pfizers ceo, dr. Billed as a potential blockbuster replacement to painful injections, former pfizer ceo henry mckinnell. Pfizer s chief executive officer ceo hank mckinnell, has stepped forward defending the industry in many public appearances, including advertisements and now this book. But the fundamental problem for kindler and hank mckinnell, the longtime pfizer exec he replaced as ceo in 2006, was the same. Kindler, the companys general counsel and a former mcdonalds corp. Without a laboratory report, most experts would not be able to tell one from the other. Pfizer said on friday it would replace current chief executive hank mckinnell with vice chairman jeffrey kindler, effective immediately, to accelerate the companys transformation. Hank mckinnell has written an astonishing book in which he admits that he doesnt always believe in what hes saying 11, that drugs from. Pain medicine may keep jobs in ann arbor, pfizer ceo says. With these initiatives well underway, it is time to transition to new leadership to accelerate the companys transformation. Pfizer ceo kindler quits, without fulfilling major goals.
Hank mckinnell, who built pfizer into the worlds largest drug maker, was replaced as chief executive late on friday after disappointing shareholders and raising questions on wall street about. The book offers a compliation of knowledge from people across industries and across the globe on a variety of strategic issues facing the executives of today such as governance, leadership, leading transformation, human capital and the war for talent, investing in the new economy, and emerging business models. Former pfizer ceo henry mckinnell appointed ceo of optimer. Hank mckinnell, who built pfizer into the worlds largest drug maker, was replaced as chief executive late on friday after disappointing. He is a devoted husband and father and, in his role as chairman and ceo of pfizer inc. Pfizer inc chief executive henry a mckinnell jr says company is on. Pfizer abruptly replaced its chief, hank mckinnell, picking its general counsel, jeffrey b. Hank mckinnell, ceo and chairman of pfizer, announces the global health fellows program at the world aids conference in barcelona a call to action for pfizer colleagues to volunteer in developing countries for up to six months on hivaids projects. Dr mckinnell, who first joined optimer in 2011 as a director, has a strong pedigree in pharma, serving as ceo and chair of pfizer from 2001 to 2006. Apr 27, 2006 pfizer s chairman and chief executive, henry a.
Phd, graduate school of business, stanford university 1969 pfizer ceo 200106 pfizer president 19992001 pfizer coo. Hank mckinnell is the chairman and ceo of pfizer inc, the worlds largest researchbased pharmaceutical company. Mckinnell retired as chairman and ceo of pfizer inc, the worlds largest researchbased pharmaceutical company, in 2006, after originally joining the company in tokyo in 1971. Pfizer s stock has fallen almost 40% since mckinnell took over as president and chief executive on jan. By peter rost, vice president of marketing, pfizer.
Last year, pfizer ceo hank mckinnell promoted three ambitious top executives karen katen, head of sales and marketing, jeff kindler, general. He is the author or editor of 10 books, including brothers emanuel and reinventing american health care. In the 2005 report, mckinnell discusses his decision to keep celebrex on the market despite health risks. Extract hank mckinnell is chairman and ceo of pfizer, the largest, most profitable pharmaceutical company in the world.
In the 2003 report, new ceo hank mckinnell discusses pfizers performance goals and its acquisition of pharmacia, which gave it control of antiarthritis drug celebrex. Hank mckinnell is chairman and ceo of pfizer, the largest, most. Mckinnell, whod served as cfo and run the companys overseas businesses, was known for his assertive. He earned that much since becoming ceo in 2001, even though pfizer. This is an abrupt departure from the path taken by kindlers predecessor, hank mckinnell. He joined new yorkheadquartered pfizer in 2002 as senior vice president and. Jul 30, 2006 true, hank mckinnell is retiring at least a year before he said he was going to. Hank mckinnell gives the impression of being a thoroughly decent man. Everyday low prices and free delivery on eligible orders. Pfizers astrazeneca bid is a deal from hell marketwatch. Jul 05, 2005 prweb july 5, 2005 short hills, nj prweb july 5, 2005a pfizers ceo, dr.
Buy a call to action first printing by hank mckinnell isbn. When mckinnell left pfizer in 2006, the stocks price had declined by 46%. May 15, 2014 pfizers astrazeneca bid i s a deal from hell. Pfizers hank mckinnell replaced as ceo christopher bowe in new york hank mckinnell, who built pfizer into the worlds largest drug maker, was replaced as chief executive late on friday after. Ba business, university of british columbia 1965 university. Hank mckinnell with the notion that you will learn what this pharma executive believes the industry should do to reform itself, you are in for a big surprise. But philosopher george santayanas famous aphorism is especially poignant for the successful marriage of the two companies. Perspectivesbook in brief volume 366, issue 9492, p1156, october 01. Pfizer can mold its future by learning from the past. Apr 30, 2007 the birmingham business journal features local business news about birmingham. Mckinnell is concerned mainly with reform of the us healthcare system. Henry mckinnell news newspapers books scholar jstor july 2009 learn how and when to remove this template message henry a. Oct 20, 2016 during more than thirty years in the pharmaceutical industry, dr.
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