Larry G. Pickering Resigns from the Board of Directors
NEW YORK, Feb. 12 /PRNewswire/ -- PeriCor Therapeutics today announced the appointment of K. Tucker Andersen as a director of the Company's Board of Directors effective February 7, 2008. Mr. Andersen is a retired portfolio manager and security analyst and the sole proprietor of the consulting firm Above All Advisors, LLC. The Company also announced that on February 1, 2008, Larry G. Pickering resigned as a director of the Company.
"We are very pleased that Tucker has agreed to join the PeriCor Board of Directors," stated Richard R. Stover, President and CEO of PeriCor Therapeutics. "Tucker brings a wealth of financial and corporate experience to the company. His extensive background as an investor and director of a variety of businesses will be an asset to the development of PeriCor Therapeutics." Mr. Stover further stated, "We would also like to thank Larry Pickering for his dedication and service to the Company. Mr. Pickering made valuable contributions to the strategic direction of PeriCor during his time as a director and we wish him well in the future."
Before founding Above All Advisors, LLC, Mr. Andersen was co-Managing
Partner and Chief Investment Strategist for Cumberland Associates. He
currently serves as chairman of Artificial Cell Technologies, a
biotechnology-nanotechnology venture stage firm and serves on the boards of
the International Foundation for Research in Experimental Economics (headed
by Nobel Laureate Vernon Smith), the Cato Institute, GOPAC, the Questech
Corporation, the Foundation for the Advancement of Monetary Education, and
the Warren, Connecticut Congregational Church. He is also on the advisory
board of Brook Venture Partners, and has recently become a Founding Partner
of Value Insight Partners, a fund of funds investing in a select group of
value oriented hedge funds with diverse investment strategies. While
retired from his position as vice-pres
|SOURCE PeriCor Therapeutics, Inc.|
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