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Hospira (HSP) Scientific Chief Ramachandra Resigns; New Gen. Counsel Appointed

March 1, 2013 2:11 PM EST Send to a Friend
Hospira, Inc. (NYSE: HSP) announced that Royce R. Bedward has been appointed corporate vice president, general counsel and secretary, effective immediately. In his new role, Mr. Bedward will oversee the company's legal department, including litigation, benefits, labor and employment, intellectual property, governance, securities and transactional matters. He will report to Brian Smith, who has served as Hospira's senior vice president and general counsel since its spin-off in 2004, and now assumes the newly created role of chief legal officer, including responsibility for government affairs. Both Mr. Smith and Mr. Bedward will serve as members of the company's senior leadership team, led by F. Michael Ball, chief executive officer.

Mr. Bedward, 47, is one of the founding members of Hospira's legal leadership team, joining the company at its inception as its vice president of litigation, and assuming roles of increasing responsibility, most recently holding the position of deputy general counsel and secretary. Prior to the company's spin-off from Abbott Laboratories, Mr. Bedward served as Abbott's senior counsel, litigation, where his practice included patent issues related to the Hatch-Waxman Act, defense of investigations, major commercial disputes, product liability matters and arbitrations.

Mr. Bedward began his career as an attorney for the law firm Jenner & Block, where he was ultimately promoted to partner. At the firm, he handled a wide array of complex litigation matters, including fraud and business torts, intellectual property matters, product liability and insurance recovery actions.

Born in Madison, Wis., Mr. Bedward earned his bachelor's degree in business administration, magna cum laude, from Saint Norbert College. He holds a juris doctorate degree, magna cum laude, from the University of Illinois College of Law, where he also served as an editor on the Law Review.

n another organizational move, Hospira announced that Sumant Ramachandra, M.D., Ph.D., is resigning from his position as senior vice president and chief scientific officer, effective March 8. Dr. Ramachandra has served in this role since 2008. The company has initiated a search for his successor and instituted an interim reporting structure that will ensure seamless advancement of the company's research and development priorities, including its global expansion and biosimilars programs.




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