Fred Hassan Elected to Time Warner (TWX) Board of Directors

October 29, 2009 2:34 PM EDT

Time Warner Inc. (NYSE: TWX) announced that its Board of Directors has elected Fred Hassan to join the Board, effective today. Mr. Hassan, 63, is Chairman of the Board and Chief Executive Officer of Schering-Plough Corporation.

Mr. Hassan became Chairman and CEO of Schering-Plough Corporation in 2003. Before joining Schering-Plough, he served as CEO (from 2000 to 2001) and as Chairman and CEO (from 2001 to 2003) of Pharmacia Corporation until the company was acquired by Pfizer Inc. in 2003. From 1997 to 2000, Mr. Hassan was CEO of Pharmacia & Upjohn, Inc., which merged with Monsanto Company in 2000 to become Pharmacia Corporation. From 1972 to 1997, he served in various senior management roles at major pharmaceutical companies.

Mr. Hassan received a B.S. degree from the Imperial College of Science and Technology at the University of London and an M.B.A. degree from Harvard Business School.


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