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Management changes at Forest

Forest Laboratories is to complete a management restructuring after current President and Chief Operating Officer Dr Lawrence S. Olanoff announced his retirement.

Dr Olanoff is to step down at the end of the year with Howard Soloman, existing Chairman and Chief Executive Officer, set to become the new President.

The departing President says he has “spent many satisfying years at Forest” and will leave the company in “very capable hands, given the strong experienced senior management team in place”.

Other promotions include Elaine Hochberg advancing to Executive Vice President and Chief Commercial Officer; Frank Perier, Jr. to Executive Vice President Finance and Administration and Chief Financial Officer and Dr. Marco Taglietti to Senior Vice President Research and Development and President, Forest Research Institute.

David Solomon is to become Senior Vice President Corporate Development and Strategic Planning; Kevin Walsh has been promoted to Senior Vice President and Director of Operations; and Jerome Lynch is the new Senior Vice President Sales.

Forest Laboratories is a New York based international pharmaceutical manufacturer and marketer with offices in Ireland and England.

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