Amylin Pharmaceuticals’ board of directors has unanimously elected former Novartis CEO Paulo Costa as chairman, an appointment that was supported by Eastbourne Capital Management of San Rafael, CA, an institutional investor that had voiced concerns about the vacancy in the chairman’s role. An Eastbourne spokesman says the firm supported Costa’s election to Amylin’s board and that Costa “is an excellent choice for chairman.” The former Novartis CEO was elected to Amylin’s board two months ago from the company’s slate of candidates, and James Gavin, who heads the board’s corporate governance committee, said in a statement released by the company, “Paulo brings a fresh perspective to all aspects of Amylin’s business at this important time for the company.”
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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