Gregory Spivy and William Dempsey join MDS Board
TORONTO, April 21 /PRNewswire-FirstCall/ - MDS Inc. (TSX: MDS; NYSE: MDZ), a leading provider of products and services to the global life sciences markets, today announced that Mr. Gregory Spivy, Partner at ValueAct Capital, and Mr. William Dempsey, former Executive Vice-President of Abbott Laboratories, have been appointed to its Board of Directors.
"We welcome both Greg and Bill and look forward to benefiting from the breadth of experience they will bring to our Board," said John Mayberry, Chairman, MDS Board of Directors. "The decision of both individuals to join the Board follows months of discussion and is consistent with our objective to strengthen and broaden the Board's expertise."
Mr. Mayberry continued, "Greg adds the perspective of a major shareholder with financial markets expertise, along with the knowledge and experience of having served on the boards of other publicly traded companies. Bill is an industry veteran and possesses the operational skills, knowledge and perspective of our customers that come from more than 25 years of pharmaceutical industry experience. We believe that the capabilities of both individuals will be additive and prove valuable to the Board as we continue to execute on our strategy to deliver value to all of our shareholders."
"MDS has built a strong position in the global life science markets and has developed a solid foundation upon which to generate sustainable and profitable growth," stated Mr. Spivy. "I believe there is growth potential in the MDS markets and I look forward to working actively with my fellow directors and MDS's management team to capitalize on these opportunities."
"I am pleased to be joining the MDS Board of Directors," stated Mr. Dempsey. "This is an excellent company with a history of innovation, quality products and services, and a leadership team driving performance."
Mr. Spivy is a Partner at V
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