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BioMarin Pharma (BMRN) Chair Lapalme to Step Down; Will Restructure Board Makeup

January 7, 2015 4:20 PM EST

BioMarin Pharma (NASDAQ: BMRN) announced that, after a tenure of more than a decade, Pierre Lapalme has elected to step down as Chairman of the Company's Board of Directors following the annual meeting of stockholders anticipated in June of this year. Mr. Lapalme will seek re-election to serve as a Director on BioMarin's Board at the meeting. Mr. Lapalme joined BioMarin's Board of Directors in January 2004 and was named as Chairman of the Board in August 2004.

Following Mr. Lapalme's decision, the Board elected to revise the organizational structure of the Board... More