MDS Announces CEO Transition Plan ( Steve West Appointed Chief Operating ...)

MDS Announces CEO Transition Plan

Date:9/17/2009

Steve West Appointed Chief Operating Officer and Future CEO

TORONTO, Sept. 17 /PRNewswire-FirstCall/ - MDS Inc. (TSX: MDS; NYSE: MDZ), a leading provider of products and services to the global life sciences markets, today announced that Steve West, President of MDS Nordion, has been appointed Chief Operating Officer (COO) of MDS Inc. Stephen P. DeFalco, President and Chief Executive Officer of MDS Inc., intends to step down from his position following the successful completion of strategic transactions announced on September 2, 2009. Once the Company is focused solely on the MDS Nordion business, Mr. West is expected to become CEO.

"As we reposition the Company to unlock the value of MDS businesses, we have prepared for a smooth CEO transition as part of our succession planning process," said James S. A. MacDonald, Chairman of MDS Inc.'s Board of Directors. "Steve is a talented executive with a proven track record of delivering strong performance. He assumes the COO position with the full confidence and support of the Board."

Mr. West became President of MDS Nordion in 2003. He began his career at MDS in 2001 as a senior partner with MDS Capital Corporation. Prior to that, he was President of DiverseyLever Canada and has held a variety of CEO assignments in Asia and the Pacific Rim, as well as international business development responsibilities in the specialty chemicals field. Mr. West holds a degree in Genetics from the University of London and completed post-graduate research in biotechnology.

"Steve is an experienced leader with strong business acumen and significant capability managing complex operations," said Stephen P. DeFalco, President and Chief Executive Officer, MDS Inc. "The Board and I believe that Steve is well positioned to build MDS Nordion as a stand-alone company focused on its c
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SOURCE MDS Inc.
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