For
more information contact:
Stephen
P. Cotugno
Executive
Vice President-Corporate Development
PDI,
Inc.
201.574.8617
PDI
Announces Appointment of Jeffrey
E. Smith as Chief Financial Officer
Saddle
River, NJ— (May 12, 2006) PDI, Inc. (NASDAQ: PDII), a contract sales and
marketing services provider to the biopharmaceutical industry, today announced
that its Board of Directors has appointed Jeffrey E. Smith as Executive Vice
President, Chief Financial Officer and Treasurer. Mr. Smith will join the
Company effective May 15. Mr. Smith has over thirty years of broad based
finance, accounting and general management experience including over twenty
years in the pharmaceutical industry. Most recently he was Senior Vice
President, Finance & Chief Financial Officer of PLIVA, Inc., a generic
pharmaceutical Company. From 1985 to 2002 he served in various executive
positions with ALPHARMA, Inc., a NYSE listed, global specialty pharmaceutical
company. While with ALPHARMA, Mr. Smith was Executive Vice President, Finance
& Chief Financial Officer and, for a 3-year period, was responsible for
worldwide operations while serving as acting President and member of the Office
of the Chief Executive. Mr. Smith is a Certified Public Accountant who began
his
career with Coopers & Lybrand (now PricewaterhouseCoopers LLC).
Mr.
Michael J. Marquard, PDI’s CEO stated, “We are extremely pleased to attract an
executive with Jeff’s breadth of experience. I look forward to working together
with Jeff and all of the employees at PDI as we work toward achieving our
collective business objectives.”
Mr.
Smith
stated, “Now is a particularly exciting time to be joining PDI. The Company has
a strong leadership position within the industry, quality people throughout
the
organization, a strong financial position and a solid infrastructure. I look
forward to being a part of this dynamic company.”
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.