Celgene Board Member Rodman Drake Dies
It is with great sadness that Celgene Corporation (NASDAQ: CELG) announces
the death of Rodman L. Drake, a member of its Board of Directors since 2006.
"We are deeply saddened by the passing of Rod Drake," said Bob Hugin,
Chairman and Chief Executive Officer of Celgene Corporation. "Rod was a
valued member of our Board and brought a wealth of experience in corporate
governance, finance and strategy to Celgene. He contributed to the growth of
Celgene and his leadership and friendship will be greatly missed. On behalf
of all of our employees and the Board of Directors, I extend our deepest
sympathies to his wife, Jackie, and his two sons, Philip and Stephan."
Mr. Drake served as Chairman of the Company's Management Compensation and
Development Committee since June 2007 and was a member of the Nominating,
Governance and Compliance Committee since April 2006. Compensation Committee
since June 2007 and was a member of the Nominating, Governance and
Compliance Committees since April 2006. Mr. Drake had a long and
distinguished career which included serving as CEO and Managing Director of
Cresap McCormick and Paget, a leading international management consulting
firm; Co-Chairman of KMR Power Company and President of the Mandrake Group,
a consulting firm specializing in strategy and organizational design. Most
recently, Mr. Drake served as the Managing Director of Baringo Capital, LLC,
a private equity group he co-founded. Mr. Drake received an MBA from Harvard
Business School and a bachelor's degree from Yale.
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