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Kindler appointed Pfizer chairman

Executive Summary

Pfizer CEO Jeffrey Kindler replaces Hank McKinnell as chairman of the firm's board of directors, effective Dec. 19. The appointment is a vote of confidence in Kindler as the company looks to regain traction following the termination of development of its headline pipeline candidate torcetrapib/atorvastatin (1"The Pink Sheet" Dec. 11, 2006, p. 3). McKinnell, who resigned from the chief executive post in July, was slated to give up the chairman position in February 2007 (2"The Pink Sheet" Aug. 7, 2006, p. 3). Pfizer says McKinnell will step down from the board when he leaves the company in February...

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