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Watson Names Sigurdur Oli Olafsson Executive Vice President, Global Generics
Date:8/4/2010

MORRISTOWN, N.J., Aug. 4 /PRNewswire-FirstCall/ -- Watson Pharmaceuticals (NYSE: WPI) today announced that Sigurdur Oli Olafsson has joined the Company as Executive Vice President, Global Generics, effective September 1, 2010.  In this position, Mr. Olafsson will have responsibility for global generic sales and marketing, with an emphasis on leading the expansion of Watson's position in global markets.  Mr. Olafsson most recently served as Chief Executive Officer of the Actavis Group.  He succeeds Thomas R. Russillo who will retire at the end of 2010.  Mr. Olafsson will report to Paul Bisaro, President and Chief Executive Officer of Watson, and he will be headquartered in Morristown, NJ. Mr. Olafsson and Mr. Russillo will work closely during the three-month transition period.

"We are delighted to have an executive with Sigurdur's global experience join our team as we move from the integration of the Arrow Group to the next phase of maximizing our current commercial footprint and capitalizing on additional opportunities to expand into new markets," said Paul Bisaro, Watson's President and Chief Executive Officer.  "Tom has done an exceptional job during the integration phase, and we thank him for his efforts.  We look forward to Sigurdur's expertise in helping us shape strategies that will build on the foundation Tom and his team have established, as well as helping us to identify strategies and opportunities that will enable Watson to leap-frog to the next level of global competition."


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SOURCE Watson Pharmaceuticals, Inc.
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