
For
more information contact:
Stephen
P. Cotugno
Executive
Vice President-Corporate Development
PDI,
Inc.
201.574.8617
PDI
Announces Appointment Of Michael J. Marquard as Chief Executive
Officer
Saddle
River, NJ— (May 5, 2006) PDI, Inc. (NASDAQ: PDII), a contract
sales and marketing services provider to the biopharmaceutical
industry,
today
announced that the Board of Directors has appointed Michael J. Marquard as
Chief
Executive Officer. Mr. Marquard, who will join the Company effective May 11,
2006, will replace Larry Ellberger, PDI’s interim CEO since October of 2005. Mr.
Marquard has over 30 years experience in the pharmaceutical industry and joins
PDI from Mylan Laboratories, Inc., where he was Vice President, Mylan
Laboratories, Inc., and President of Mylan Bertek Pharmaceuticals, Inc. Prior
to
Mylan, Mr. Marquard was Senior Vice President of U.S. Sales for Wyeth
Pharmaceuticals from 1996 to 2004. From 1973 to 1995 he held a number of senior
commercial positions at Lederle Laboratories Division of American Cyanamid
Company, which was acquired by Wyeth in 1995.
Mr.
John
P. Dugan, PDI’s Chairman of the Board stated, “I am extremely pleased that we
were able to attract a leader of Mike Marquard's stature. His career
in pharmaceutical sales and general management shows a strong track record
of
outstanding achievements and personal growth. Mike is the ideal executive
to maximize the potential of all of PDI's businesses.”
Mr.
Marquard stated, “I am very excited about joining PDI and see it as a great
opportunity. I am quite familiar with PDI and the outstanding services it
provides to its clients. I look forward to becoming a part of this high quality
company and working together with PDI’s excellent people.”
Mr.
Dugan
continued, “I also want to offer my deep and sincere thanks to Larry Ellberger
for doing such a tremendous job as PDI’s interim CEO. Larry stepped in at a
critical juncture for PDI and I think the results in the first quarter are
testament to what Larry has achieved in a short period of time.”
Mr.
Marquard will be nominated as a Class II director of PDI to fill the currently
existing Class II vacancy on PDI’s Board of Directors. Accordingly, Mr. Marquard
will be included in PDI’s proxy statement as a Class II director nominee for
election at the 2006 annual meeting of stockholders scheduled to be held on
June
6, 2006.
About
PDI
PDI,
Inc.
(NASDAQ: PDII) is a diversified sales and marketing services provider to the
biopharmaceutical industry offering a comprehensive set of outsourced solutions
for established and emerging pharmaceutical companies. PDI is dedicated to
maximizing the return on investment for its clients by providing strategic
flexibility; sales, marketing, and commercialization expertise; and a philosophy
of performance.
Headquartered
in Saddle River, NJ, PDI’s sales and marketing services include our Performance
Sales Teams™, which are dedicated teams for specific clients, and Select
Access™, our targeted sales solution that leverages an existing infrastructure.
PDI also offers marketing research and consulting services through TVG in
Dresher, PA, and medical communications services through Pharmakon in
Schaumburg, IL. In addition, PDI is a high quality provider of ACCME-accredited
continuing medical education through Vital Issues in Medicine (VIM ®) in
Dresher, PA. The company’s experience extends across multiple therapeutic
categories and includes office and hospital-based initiatives.
PDI’s
commitment is to deliver innovative solutions, unparalleled execution and
superior results for its clients. Through strategic partnership and
client-driven innovation, PDI maintains some of the longest standing sales
and
marketing relationships in the industry. Recognized as an industry pioneer,
PDI
remains committed to continuous innovation and to maintaining the industry’s
highest quality employees.
For
more
information, visit the Company’s website at www.pdi-inc.com.