Fred Hassan
Encyclopedia
Fred Hassan a native of Pakistan
, who was the Chairman of the Board
and Chief Executive Officer
of pharmaceutical company Schering-Plough
from 2003 until November 3, 2009 when the company completed its merger with Merck & Co.
.
Hassan is currently the Chairman of the Board of Bausch & Lomb
having been elected to that position in March 2010.
On October 29, 2009 Time Warner
announced that Hassan would join their Board of Directors.
from the Imperial College London
in 1967, and an M.B.A. from Harvard Business School
in 1972.
, responsible for its pharmaceutical and medical products divisions, and was elected to the Board of Directors
in 1995. Hassan joined Pharmacia
& Upjohn
in May 1997 as chief executive officer and in February 2001 he was named Chairman of the Board of Pharmacia after the merger with Monsanto Company. He has also served as Chairman of the Board of Directors for the Pharmaceutical Research and Manufacturers of America
(PhRMA) and for the HealthCare Institute of New Jersey. Hassan is also the current president of the International Federation of Pharmaceutical Manufacturers Associations and serves on the Board of Directors of Avon Products, Inc. In 2009, Hassan was listed 6th on the Forbes.com rankings for CEO compensation in the drugs and biotechnology industry.
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
, who was the Chairman of the Board
Chair (official)
The chairman is the highest officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office is typically elected or appointed by the members of the group. The chairman presides over meetings of the assembled group and conducts its business in an...
and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of pharmaceutical company Schering-Plough
Schering-Plough
Schering-Plough Corporation was a United States-based pharmaceutical company. It was founded in 1851 by Ernst Christian Friedrich Schering as Schering AG in Germany. In 1971, the Schering Corporation merged with Plough to form Schering-Plough. On November 4, 2009 Merck & Co...
from 2003 until November 3, 2009 when the company completed its merger with Merck & Co.
Merck & Co.
Merck & Co., Inc. , also known as Merck Sharp & Dohme or MSD outside the United States and Canada, is one of the largest pharmaceutical companies in the world. The Merck headquarters is located in Whitehouse Station, New Jersey, an unincorporated area in Readington Township...
.
Hassan is currently the Chairman of the Board of Bausch & Lomb
Bausch & Lomb
Bausch & Lomb, an American company based in Rochester, New York, is one of the world's leading suppliers of eye health products, such as contact lenses and lens care products today. In addition to this main activity, in recent years the area of medical technology has been developed...
having been elected to that position in March 2010.
On October 29, 2009 Time Warner
Time Warner
Time Warner is one of the world's largest media companies, headquartered in the Time Warner Center in New York City. Formerly two separate companies, Warner Communications, Inc...
announced that Hassan would join their Board of Directors.
Education
Hassan earned a degree in chemical engineeringChemical engineering
Chemical engineering is the branch of engineering that deals with physical science , and life sciences with mathematics and economics, to the process of converting raw materials or chemicals into more useful or valuable forms...
from the Imperial College London
Imperial College London
Imperial College London is a public research university located in London, United Kingdom, specialising in science, engineering, business and medicine...
in 1967, and an M.B.A. from Harvard Business School
Harvard Business School
Harvard Business School is the graduate business school of Harvard University in Boston, Massachusetts, United States and is widely recognized as one of the top business schools in the world. The school offers the world's largest full-time MBA program, doctoral programs, and many executive...
in 1972.
Business career
Hassan began his career with Sandoz Pharmaceuticals, where he spent 17 years and ended up leading its U.S. pharmaceuticals business. He then became executive vice president of WyethWyeth
Wyeth, formerly one of the companies owned by American Home Products Corporation , was a pharmaceutical company. The company was based in Madison, New Jersey, USA...
, responsible for its pharmaceutical and medical products divisions, and was elected to the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
in 1995. Hassan joined Pharmacia
Pharmacia
Pharmacia was a pharmaceutical and biotechnological company in Sweden.-History:Pharmacia was founded in 1911 in Stockholm, Sweden by pharmacist Gustav Felix Grönfeldt at the Elgen Pharmacy. The company is named after the Greek word φαρμακεία, transliterated pharmakeia, which means 'sorcery'...
& Upjohn
Upjohn
The Upjohn Company was a pharmaceutical manufacturing firm founded in 1886 in Kalamazoo, Michigan by Dr. William E. Upjohn, an 1875 graduate of the University of Michigan medical school. The company was originally formed to make friable pills, which were specifically designed to be easily digested...
in May 1997 as chief executive officer and in February 2001 he was named Chairman of the Board of Pharmacia after the merger with Monsanto Company. He has also served as Chairman of the Board of Directors for the Pharmaceutical Research and Manufacturers of America
Pharmaceutical Research and Manufacturers of America
Pharmaceutical Research and Manufacturers of America , founded in 1958, is a trade group representing the pharmaceutical research and biopharmaceutical companies in the United States. PhRMA's stated mission is advocacy for public policies that encourage the discovery of new medicines for patients...
(PhRMA) and for the HealthCare Institute of New Jersey. Hassan is also the current president of the International Federation of Pharmaceutical Manufacturers Associations and serves on the Board of Directors of Avon Products, Inc. In 2009, Hassan was listed 6th on the Forbes.com rankings for CEO compensation in the drugs and biotechnology industry.