Sucampo Appoints Barbara A. Munder and Maureen E. O’Connell to Board of Directors
Sucampo Pharmaceuticals, Inc. (NASDAQ: SCMP) (SPI) today announced it
appointed Barbara A. Munder, senior advisor to Euromoney Institutional
Investor PLC, and Maureen E. O’Connell, executive vice president, chief
administrative officer and chief financial officer of Scholastic
Corporation (NASDAQ: SCHL), to its board of directors.
“Barbara and Maureen collectively bring a strong mix of operational,
financial and marketing expertise from a variety of public and private
companies, which we believe will further benefit Sucampo and our
shareholders during this important time of growth for our company,” said
Sucampo’s Chairman, Chief Executive Officer, and Chief Scientific
Officer Ryuji Ueno, M.D., Ph.D., Ph.D.
Ms. Munder serves as senior advisor to Euromoney Institutional Investor
PLC, an international business-to-business publisher, and brings
considerable operational, strategy, and marketing expertise to Sucampo’s
board. She was previously executive director of the operating groups
Institutional Investor Institute and The Hedge Fund Institutional Forum.
Prior to joining Euromoney Institutional Investor, Ms. Munder served as
chief operating officer at Womenfuture LLC, a distance learning company,
where she oversaw e-business strategy. She also served over 24 years in
various roles with The McGraw-Hill Companies, Inc. (NYSE: MHP), among
them Senior Vice President, New Initiatives; Vice President and General
Manager, Business Week Services; and Vice President, Business
Development, Business Week Group.
Ms. Munder also serves as a director of PETsMART Inc. (NASDAQ: PETM) and
Munder Realty Corporation, a private real estate firm. Additionally, she
has been on the advisory board for DOAR, a private litigation
information services and consulting firm; Izzo Systems, a manufacturer
of ergonomically designed golf bags and straps; and Lighthouse
International, a non-profit for the visually impaired.
Ms. O’Connell brings a strong background in finance and operations to
Sucampo’s board, gleaned from her experience as a chief financial
officer in seven companies. In her current role at Scholastic
Corporation, Ms. O’Connell has overall responsibility for finance, human
resources, information technology, customer service, facilities, supply
chain, and manufacturing. Since joining the company, she has been a key
partner with all business units to better align support functions while
enhancing visibility to operating trends and leading business
indicators. In her 23 years of experience, she has served as chief
financial officer, chief administrative officer, chief operating
officer, and president for both private and public companies including
Affinion Group, Inc., a leading affinity direct marketer of membership,
insurance and loyalty programs; Gartner, Inc. (NYSE: IT), a leading
technology research and advisory firm; Barnes & Nobel (NYSE: BKS);
Publishers Clearing House; and BMG Direct.
Ms. O’Connell is a former member of the board of directors of Beazer
Homes (NYSE: BZH), where she served as audit chair for most of her
tenure.
Sucampo also announced that Timothy I. Maudlin informed the Company he
has decided to resign his position from the Sucampo Board, effective
February 25, 2013. Maudlin became a director in September 2006.
“On behalf of our board of directors, I would like to thank Tim for his
contributions to Sucampo over the past six years,” said Dr. Ueno. “We
are grateful for his leadership and wish him well in his future
endeavors.”
About Sucampo Pharmaceuticals, Inc.
Sucampo Pharmaceuticals, Inc. is a global pharmaceutical company focused
on innovative research, discovery, development and commercialization of
proprietary drugs based on prostones. The therapeutic potential of
prostones was first discovered by Ryuji Ueno, M.D., Ph.D., Ph.D.,
Sucampo’s chairman, chief executive officer, chief scientific officer,
and co-founder. Prostones, naturally occurring fatty acid metabolites
that have emerged as promising compounds with unique physiological
activities, can be targeted for the treatment of unmet or underserved
medical needs. For more information, please visit www.sucampo.com.
Sucampo Forward-Looking Statement
This press release contains "forward-looking statements" as that term is
defined in the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and involve
risks and uncertainties, which may cause results to differ materially
from those set forth in the statements. The forward-looking statements
may include statements regarding product development, product potential,
future financial and operating results, and other statements that are
not historical facts. The following factors, among others, could cause
actual results to differ from those set forth in the forward-looking
statements: the impact of pharmaceutical industry regulation and health
care legislation; Sucampo's ability to accurately predict future market
conditions; dependence on the effectiveness of Sucampo's patents and
other protections for innovative products; the risk of new and changing
regulation and health policies in the US and internationally and the
exposure to litigation and/or regulatory actions.
No forward-looking statement can be guaranteed and actual results may
differ materially from those projected. Sucampo undertakes no obligation
to publicly update any forward-looking statement, whether as a result of
new information, future events, or otherwise. Forward-looking statements
in this presentation should be evaluated together with the many
uncertainties that affect Sucampo's business, particularly those
mentioned in the risk factors and cautionary statements in Sucampo's
most recent Form 8-K and 10-K, which the Company incorporates by
reference.