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Hospira Board Names F. Michael Ball New CEO; Christopher B. Begley to Assume Executive Chairman Role
Date:3/7/2011

LAKE FOREST, Ill., March 7, 2011 /PRNewswire/ -- The board of directors of Hospira, Inc. (NYSE: HSP), a global specialty pharmaceutical and medication delivery company, today announced the election of F. Michael (Mike) Ball as the company's new chief executive officer (CEO) and a member of the board, effective March 28, 2011. Mr. Ball, 55, currently President, Allergan, Inc., succeeds the company's founding CEO, Christopher B. Begley, who will assume the role of executive chairman.

(Photo:  http://photos.prnewswire.com/prnh/20110307/CG60745)

"From the outset of our CEO search, the board and I were determined to identify a candidate who would extend Hospira's growth trajectory, expand our global reach, and inspire our employees as we continue our patient-focused journey to sustainable top-tier financial performance," said Mr. Begley. "With his proven track record of growing complex global businesses, demonstrated success in leading diversified healthcare portfolios and strong commitment to creating value for all company stakeholders, we found the perfect fit with Mike Ball. We are thrilled to welcome Mike to the Hospira family, and I look forward to partnering with him and our board to continue to advance our great company – a company that is stronger and better positioned for success now than at any point in our rich history."

Mr. Ball joins Hospira following a distinguished 16-year career with Allergan, a multi-specialty healthcare company with a presence in more than 100 countries and a broad portfolio of pharmaceuticals, biologics and medical devices. During his tenure at Allergan, Mr. Ball was responsible for accelerating growth in international markets and leading the strategy and execution of global commercial activities for a diverse slate of businesses, including specialty pharm
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SOURCE Hospira, Inc.
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