Source: ImClone Systems Incorporated
ImClone Systems Appoints Jules Haimovitz to Board of Directors
Thursday May 10, 8:58 pm ET
Andrew G. Bodnar Resigns from the Board of Directors
NEW YORK--(BUSINESS WIRE)--ImClone Systems Incorporated (NASDAQ: IMCL - News) announced today that Jules Haimovitz has been appointed a director by the Company's Board of Directors (the "Board"), effective as of May 10, 2007. Mr. Haimovitz will serve as the Chairman of the Audit Committee of the Board. The Company also announced that on May 7, 2007, Andrew G. Bodnar resigned as a director of the Company.
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"We are very pleased that Jules Haimovitz has joined ImClone's Board of Directors. ImClone will benefit both from his executive talents and from his experience in managing various creativity-based businesses," said Alexander J. Denner, Ph.D., Chairman of ImClone Systems' Executive Committee. Dr. Denner further stated, "We would also like to thank Andrew Bodnar for his dedicated years of service to the Company. Dr. Bodnar made valuable contributions during his tenure as a director. We wish him well in the future."
Since July 2002, Mr. Haimovitz has served as Vice Chairman and Managing Partner of Dick Clark Productions Inc., a producer of programming for television, cable networks and syndicators. From June 1999 to July 2004, Mr. Haimovitz served in various capacities at Metro Goldwyn Mayer Inc., including President of MGM Networks Inc., a wholly-owned subsidiary, Executive Consultant to the CEO, and Chair of the Library Task Force. From July 1997 to February 1999, he served as President and Chief Operating Officer of King World Productions, Inc., a worldwide distributor of first-run programming. Mr. Haimovitz has also served in executive positions at Diva Systems Corporation, ITC Entertainment Group, Spelling Entertainment Inc. and Viacom Inc. Mr. Haimovitz currently serves on the Board of Directors of Blockbuster, Infospace, Inc., TVN Entertainment and GNet Productions. A native New Yorker, now living in California, Mr. Haimovitz holds a dual B.A. degree in Mathematics and Communications, as well as an M.A. degree in Mathematics from Brooklyn College.
