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Celgene management restructuring

Executive Summary

Celgene Chairman and CEO John Jackson will step down as CEO effective May 1, 2006, but will continue serving as chairman of the board of directors. President and COO Sol Barer will assume the position of CEO, while senior VP and CFO Robert Hugin will take over Barer's current role. The biopharmaceutical company said it is actively seeking a new CFO and hopes to fill the position by May. The new management team will be responsible for overseeing the launch of Revlimid; the transition announcement coincided with FDA approval of Revlimid (lenalidomide) Dec. 27 for the treatment of blood cancer...

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