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PDL BioPharma Appoints David Montez as Controller and Chief Accounting Officer
Date:7/24/2013

INCLINE VILLAGE, Nev., July 24, 2013 /PRNewswire/ -- PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today announced that the Company has appointed David Montez, CPA, as controller and chief accounting officer.  Mr. Montez's appointment is effective as of today. 

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"Dave brings more than 13 years of experience in overseeing accounting and financial functions across  public and private companies and public accounting firms, and we are pleased to welcome him to our team," stated Peter Garcia, vice president and chief financial officer of PDL BioPharma.  "We believe that his knowledge of accounting and financial reporting procedures will enhance and further strengthen our finance team."

Mr. Montez joins PDL from GlassPoint Solar, Inc., where he served as director of finance and corporate controller managing a large team and the company's reporting processes.  Prior to that, Mr. Montez served for six years at Moss Adams LLP as an audit senior manager.  As a partner candidate, he managed and mentored over 80 people during his tenure there and provided consulting and audit services to multiple companies, many of which were in the life sciences sector.  Previously, he was controller at Harmonic Inc. and senior associate at PricewaterhouseCoopers LLP.  Mr. Montez is a licensed certified public accountant (CPA) and holds a BA in Accounting from the University of Utah.

About PDL BioPharma
PDL pioneered the humanization of monoclonal antibodies and, by doing so, enabled the discovery of a new generation of targeted treatments for cancer and immunologic diseases. Today, PDL is focused on intellectual property asset man
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SOURCE PDL BioPharma, Inc.
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