Peter R. Dolan: Difference between revisions
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{{Short description|American business executive}} |
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{{For|the character in ''Redwater''|Peter Dolan (Redwater)}} |
{{For|the character in ''Redwater''|Peter Dolan (Redwater)}} |
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{{Infobox person |
{{Infobox person |
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| name = Peter R. Dolan |
| name = Peter R. Dolan |
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| restingplace = |
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| nationality = American |
| nationality = American |
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| residence = |
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| education = |
| education = |
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| alma mater = [[Tufts University]], 1978 <small>B.A.</small><br/>[[Tuck School of Business]], 1980 <small>M.B.A.</small><ref name="Chairman">{{cite web |url=http://trustees.tufts.edu/officers/dolan/ |title=Peter R. Dolan, Chairman |publisher=Tufts University |access-date=June 8, 2017}}</ref> |
| alma mater = [[Tufts University]], 1978 <small>B.A.</small><br/>[[Tuck School of Business]], 1980 <small>M.B.A.</small><ref name="Chairman">{{cite web |url=http://trustees.tufts.edu/officers/dolan/ |title=Peter R. Dolan, Chairman |publisher=Tufts University |access-date=June 8, 2017}}</ref> |
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| occupation = [[Chief executive officer]] of [[Gemin X Pharmaceuticals]]<ref name="Chairman" /> |
| occupation = [[Chief executive officer]] of [[Gemin X Pharmaceuticals]]<ref name="Chairman" /> |
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| salary = |
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| networth = |
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| spouse = Katherine Helen Lange<ref name="Peter" /> |
| spouse = Katherine Helen Lange<ref name="Peter" /> |
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| parents = Lois Burkhart and John Ralph Dolan<ref name="Peter" /> |
| parents = Lois Burkhart and John Ralph Dolan<ref name="Peter" /> |
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'''Peter R. Dolan''' (born January 6, 1956) is an |
'''Peter R. Dolan''' (born January 6, 1956) is an American [[business executive]]. In 2009, he became chairman and CEO of [[Gemin X Pharmaceuticals]] after joining the board in July 2008; he was formerly the [[chief executive officer]] of [[Bristol-Myers Squibb]] before being discharged from that company in September 2006 as a result of a federal investigation into questions concerning the [[patent]] of drug [[Plavix]].<ref name=Back>{{cite news | title = Suits; Back in business | last = Saul | first = Stephanie | date = 2008-07-27 | work = [[The New York Times]] | url=https://query.nytimes.com/gst/fullpage.html?res=9901E1DC143DF934A15754C0A96E9C8B63 | accessdate = 2009-04-11}}</ref><ref name=Drug>{{cite news | title = Drug executive is indicted on secret deal | last= Saul | first = Stephanie | date = 2008-04-24 | work = The New York Times | url = https://www.nytimes.com/2008/04/24/business/24bristol.html | accessdate = 2009-04-11}}</ref> |
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==Personal life== |
==Personal life== |
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The son of John Ralph Dolan and Lois Burkhart, Peter Dolan was born in [[Salem, Massachusetts]] on January 6, 1956.<ref name=IDBB>{{cite web | title = Dolan, Peter R. 1956- | last = Halpern | first = Tim | accessdate= 2009-04-11 | year= 2006 | url = http://www.highbeam.com/doc/1G2-3448500141.html | work = International Directory of Business Biographies excerpts}}{{dead link|date=February 2019|bot=medic}}{{cbignore|bot=medic}} (subscription required)</ref> Dolan attended [[Tufts University]] earning a [[Bachelor of Arts|B.A.]] in 1978 before going to the [[Tuck School of Business]] at [[Dartmouth College]] to earn his [[M.B.A.]] in 1980. While at Tufts, he joined Delta Upsilon |
The son of John Ralph Dolan and Lois Burkhart, Peter Dolan was born in [[Salem, Massachusetts]], on January 6, 1956.<ref name=IDBB>{{cite web | title = Dolan, Peter R. 1956- | last = Halpern | first = Tim | accessdate= 2009-04-11 | year= 2006 | url = http://www.highbeam.com/doc/1G2-3448500141.html | work = International Directory of Business Biographies excerpts}}{{dead link|date=February 2019|bot=medic}}{{cbignore|bot=medic}} (subscription required)</ref> Dolan attended [[St. John's Preparatory School (Massachusetts)]]<ref>{{cite web |title=DISTINGUISHED ALUMNUS |url=https://www.stjohnsprep.org/alumni/distinguished-alumnus |website=St. John’s Prep |access-date=12 May 2023}}</ref> before going on to [[Tufts University]] earning a [[Bachelor of Arts|B.A.]] in 1978 before going to the [[Tuck School of Business]] at [[Dartmouth College]] to earn his [[M.B.A.]] in 1980. While at Tufts, he joined [[Delta Upsilon]] fraternity.<ref name=Press>{{cite web | url = http://www.geminx.com/en/news/070808.php | title = Gemin X Pharmaceuticals Appoints Peter R. Dolan to Board of Directors | date = 2008-07-08 | publisher = Gemin X Pharmaceuticals | accessdate = 2009-04-11}}</ref> He wed former [[executive director]] of [[St. Joseph Hospital (Nashua, New Hampshire)|Saint Joseph's Hospital]]<!-- ? --> Katherine Helen Lange, with whom he shares two children.<ref name=IDBB/> |
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==Early career== |
==Early career== |
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In 1983, Dolan began working at [[General Foods]], rising to general product manager by 1986.<ref name=IDBB/> In 1988, he took a job at Bristol-Myers Squibb.<ref name=Press/> While at Bristol, Dolan was involved in developing the cancer-treating medication [[Erbitux]],<ref name=Back/> as well as, before becoming chief executive officer, making the consumer products and medical device divisions of Bristol successful.<ref name=Count>{{cite web | title = CEO Full Count: Bristol-Myers Squibb's Peter R. Dolan | first = |
In 1983, Dolan began working at [[General Foods]], rising to general product manager by 1986.<ref name=IDBB/> In 1988, he took a job at Bristol-Myers Squibb.<ref name=Press/> While at Bristol, Dolan was involved in developing the cancer-treating medication [[Erbitux]],<ref name=Back/> as well as, before becoming chief executive officer, making the consumer products and medical device divisions of Bristol successful.<ref name=Count>{{cite web | title = CEO Full Count: Bristol-Myers Squibb's Peter R. Dolan | first = Matthew | last = Herper | date = 2002-10-22 | url = https://www.forbes.com/2002/10/22/1022fullcountdolan.html | work = Forbes | accessdate = 2009-04-11}}</ref> Dolan became CEO in May, 2001, replacing [[Charles Heimbold]].<ref name=Count/> Subsequently, Bristol was involved in a major financial scandal when, in the words of a [[Reuters]] report, it "was accused of exaggerating revenue by $2 billion from 2000 to 2001 by coaxing wholesalers to buy far more of its drugs than they could hope to sell".<ref name=Reuters>{{cite news | title = Drug maker ending 2 years of probation | agency = [[Reuters]] | work = The New York Times | url = https://www.nytimes.com/2007/06/15/business/15bristol.html | accessdate = 2009-04-11 | date=2007-06-15}}</ref> The company avoided criminal charges by accepting probation in June 2005,<ref name=Reuters/> and Dolan brought in former [[United States federal judge]] [[Frederick B. Lacey]] to act as an adviser to Bristol.<ref name=Nanny>{{cite news | title = A corporate nanny turns assertive | last = Saul | first = Stephanie | date = 2006-09-19 | work = The New York Times | url = https://www.nytimes.com/2006/09/19/business/19gent.html | accessdate = 2009-04-11}}</ref> |
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Matthew | last = Herper | date = 2002-10-22 | url = https://www.forbes.com/2002/10/22/1022fullcountdolan.html | publisher = Forbes | accessdate = 2009-04-11}}</ref> Dolan became CEO in May, 2001, replacing [[Charles Heimbold]].<ref name=Count/> Subsequently, Bristol was involved in a major financial scandal when, in the words of a [[Reuters]] report, it "was accused of exaggerating revenue by $2 billion from 2000 to 2001 by coaxing wholesalers to buy far more of its drugs than they could hope to sell".<ref name=Reuters>{{cite news | title = Drug maker ending 2 years of probation | agency = [[Reuters]] | work = New York Times | url = https://www.nytimes.com/2007/06/15/business/15bristol.html | accessdate = 2009-04-11 | date=2007-06-15}}</ref> The company avoided criminal charges by accepting probation in June 2005,<ref name=Reuters/> and Dolan brought in former [[United States federal judge]] [[Frederick B. Lacey]] to act as an adviser to Bristol.<ref name=Nanny>{{cite news | title = A corporate nanny turns assertive | last = Saul | first = Stephanie | date = 2006-09-19 | work = New York Times | url = https://www.nytimes.com/2006/09/19/business/19gent.html | accessdate = 2009-04-11}}</ref> |
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In 2006, [[Forbes]] reported that Dolan was 250th in compensation among CEO's in the United States, earning a single year $5.54 million to make a five-year total of $17.80 million.<ref>{{cite web | url = https://www.forbes.com/lists/2006/12/TZEJ.html | title = Peter R Dolan | |
In 2006, [[Forbes]] reported that Dolan was 250th in compensation among CEO's in the United States, earning a single year $5.54 million to make a five-year total of $17.80 million.<ref>{{cite web | url = https://www.forbes.com/lists/2006/12/TZEJ.html | title = Peter R Dolan | work = Forbes | accessdate = 2009-04-11 | date = December 2006}}</ref> In September 2006, Dolan was fired from Bristol on the recommendation of Lacey in response to a federal investigation that followed questions concerning the patenting of Plavix.<ref name=Back/><ref name=Drug/><ref>{{cite news | title = Paying the price when companies stumble | last = Stein | first = Mark A. | date = 2006-09-16 | work = The New York Times | url = https://www.nytimes.com/2006/09/16/business/16five.html | accessdate = 2009-04-11}}</ref> Bristol was accused of attempting to prevent the marketing of a [[Generic drug|generic]] competitor for the drug by entering into a secret, unlawful arrangement with [[Canada|Canadian]] generic-manufacturer [[Apotex]].<ref name=Fined/> The investigation centered around statements allegedly issued by Dr. Andrew Bodnar, who was an adviser to Dolan assigned to settle the situation with Apotex.<ref name=Fined/> A ''New York Times'' article from 2006 indicated that Lacey criticized Dolan for not properly communicating with the Bristol board about the situation.<ref name=Nanny/> Bristol provided Dolan a [[severance package]] with a combined value of approximately $10.7 million, expressing appreciation for his service but also indicating that it held Dolan "accountable" as [[chief executive officer]] for the Plavix incident.<ref>{{cite news | title = Former Bristol-Myers chief to get $9.5 million package | first = Stephanie | last = Saul | date = 2006-11-04 | url = https://www.nytimes.com/2006/11/04/business/04dolan.html | work = The New York Times | accessdate = 2009-04-11}}</ref> As of 2007, Dolan had not released an official comment on the Plavix situation, nor had he been charged in conjunction with the investigation.<ref name=Fined>{{cite news | title = Drug maker fined in Plavix case | last = Saul | first = Stephanie | date = 2007-06-12 | url = https://www.nytimes.com/2007/06/12/business/12bristol.html | accessdate = 2009-04-11 | work=The New York Times}}</ref> |
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==Later career== |
==Later career== |
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In July, 2008, Dolan was appointed to the |
In July, 2008, Dolan was appointed to the board of [[Gemin X Pharmaceuticals]].<ref name=Back/><ref name=Press/> and became CEO and chairman in 2009. Gemin X was sold to Cephalon for $225 million in March 2011 with an additional $300 million in future milestones.<ref>{{Cite web |url=http://www.businessweek.com/ap/financialnews/D9M3TLFG1.htm |title=Cephalon to acquire Gemin X for $225M - BusinessWeek |access-date=2011-08-27 |archive-url=https://web.archive.org/web/20121102110422/http://www.businessweek.com/ap/financialnews/D9M3TLFG1.htm |archive-date=2012-11-02 |url-status=dead }}</ref> He founded a non-profit organization called ChildObesity 180, which has raised over $10 million in funding. He is on the board of a [[Partnership for a Healthier America]], a non profit organization devoted to working with private industry on solving childhood obesity, and created in conjunction with First Lady Michelle Obama's [[Let's Move!]] program. He has continued active ties with his [[alma mater]]s. He serves as a [[trustee]] at Tufts University and is now chairman of the board, also sitting on several committees.<ref name=Press/> He is also a member of the board of overseers at the Tuck School of Business at Dartmouth.<ref name=Press/> In 2013, he was elected as Tufts University chairman of the board, to take office in the fall. |
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==References== |
==References== |
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[[Category:American health care chief executives]] |
[[Category:American health care chief executives]] |
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[[Category:Tufts University alumni]] |
[[Category:Tufts University alumni]] |
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[[Category:Bristol |
[[Category:Bristol Myers Squibb people]] |
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[[Category:Businesspeople in the pharmaceutical industry]] |
[[Category:Businesspeople in the pharmaceutical industry]] |
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[[Category:Tuck School of Business alumni]] |
[[Category:Tuck School of Business alumni]] |
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[[Category:St. John's Preparatory School (Massachusetts) alumni]] |
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Latest revision as of 11:47, 12 May 2023
Peter R. Dolan | |
|---|---|
| Born | January 6, 1956[1] |
| Nationality | American |
| Alma mater | Tufts University, 1978 B.A. Tuck School of Business, 1980 M.B.A.[2] |
| Occupation | Chief executive officer of Gemin X Pharmaceuticals[2] |
| Spouse | Katherine Helen Lange[1] |
| Children | 2[1] |
| Parent(s) | Lois Burkhart and John Ralph Dolan[1] |
Peter R. Dolan (born January 6, 1956) is an American business executive. In 2009, he became chairman and CEO of Gemin X Pharmaceuticals after joining the board in July 2008; he was formerly the chief executive officer of Bristol-Myers Squibb before being discharged from that company in September 2006 as a result of a federal investigation into questions concerning the patent of drug Plavix.[3][4]
Personal life
[edit]The son of John Ralph Dolan and Lois Burkhart, Peter Dolan was born in Salem, Massachusetts, on January 6, 1956.[5] Dolan attended St. John's Preparatory School (Massachusetts)[6] before going on to Tufts University earning a B.A. in 1978 before going to the Tuck School of Business at Dartmouth College to earn his M.B.A. in 1980. While at Tufts, he joined Delta Upsilon fraternity.[7] He wed former executive director of Saint Joseph's Hospital Katherine Helen Lange, with whom he shares two children.[5]
Early career
[edit]In 1983, Dolan began working at General Foods, rising to general product manager by 1986.[5] In 1988, he took a job at Bristol-Myers Squibb.[7] While at Bristol, Dolan was involved in developing the cancer-treating medication Erbitux,[3] as well as, before becoming chief executive officer, making the consumer products and medical device divisions of Bristol successful.[8] Dolan became CEO in May, 2001, replacing Charles Heimbold.[8] Subsequently, Bristol was involved in a major financial scandal when, in the words of a Reuters report, it "was accused of exaggerating revenue by $2 billion from 2000 to 2001 by coaxing wholesalers to buy far more of its drugs than they could hope to sell".[9] The company avoided criminal charges by accepting probation in June 2005,[9] and Dolan brought in former United States federal judge Frederick B. Lacey to act as an adviser to Bristol.[10]
In 2006, Forbes reported that Dolan was 250th in compensation among CEO's in the United States, earning a single year $5.54 million to make a five-year total of $17.80 million.[11] In September 2006, Dolan was fired from Bristol on the recommendation of Lacey in response to a federal investigation that followed questions concerning the patenting of Plavix.[3][4][12] Bristol was accused of attempting to prevent the marketing of a generic competitor for the drug by entering into a secret, unlawful arrangement with Canadian generic-manufacturer Apotex.[13] The investigation centered around statements allegedly issued by Dr. Andrew Bodnar, who was an adviser to Dolan assigned to settle the situation with Apotex.[13] A New York Times article from 2006 indicated that Lacey criticized Dolan for not properly communicating with the Bristol board about the situation.[10] Bristol provided Dolan a severance package with a combined value of approximately $10.7 million, expressing appreciation for his service but also indicating that it held Dolan "accountable" as chief executive officer for the Plavix incident.[14] As of 2007, Dolan had not released an official comment on the Plavix situation, nor had he been charged in conjunction with the investigation.[13]
Later career
[edit]In July, 2008, Dolan was appointed to the board of Gemin X Pharmaceuticals.[3][7] and became CEO and chairman in 2009. Gemin X was sold to Cephalon for $225 million in March 2011 with an additional $300 million in future milestones.[15] He founded a non-profit organization called ChildObesity 180, which has raised over $10 million in funding. He is on the board of a Partnership for a Healthier America, a non profit organization devoted to working with private industry on solving childhood obesity, and created in conjunction with First Lady Michelle Obama's Let's Move! program. He has continued active ties with his alma maters. He serves as a trustee at Tufts University and is now chairman of the board, also sitting on several committees.[7] He is also a member of the board of overseers at the Tuck School of Business at Dartmouth.[7] In 2013, he was elected as Tufts University chairman of the board, to take office in the fall.
References
[edit]- ^ a b c d e "Peter R. Dolan". NNDB. Retrieved June 8, 2017.
- ^ a b "Peter R. Dolan, Chairman". Tufts University. Retrieved June 8, 2017.
- ^ a b c d Saul, Stephanie (2008-07-27). "Suits; Back in business". The New York Times. Retrieved 2009-04-11.
- ^ a b Saul, Stephanie (2008-04-24). "Drug executive is indicted on secret deal". The New York Times. Retrieved 2009-04-11.
- ^ a b c Halpern, Tim (2006). "Dolan, Peter R. 1956-". International Directory of Business Biographies excerpts. Retrieved 2009-04-11.[dead link] (subscription required)
- ^ "DISTINGUISHED ALUMNUS". St. John’s Prep. Retrieved 12 May 2023.
- ^ a b c d e "Gemin X Pharmaceuticals Appoints Peter R. Dolan to Board of Directors". Gemin X Pharmaceuticals. 2008-07-08. Retrieved 2009-04-11.
- ^ a b Herper, Matthew (2002-10-22). "CEO Full Count: Bristol-Myers Squibb's Peter R. Dolan". Forbes. Retrieved 2009-04-11.
- ^ a b "Drug maker ending 2 years of probation". The New York Times. Reuters. 2007-06-15. Retrieved 2009-04-11.
- ^ a b Saul, Stephanie (2006-09-19). "A corporate nanny turns assertive". The New York Times. Retrieved 2009-04-11.
- ^ "Peter R Dolan". Forbes. December 2006. Retrieved 2009-04-11.
- ^ Stein, Mark A. (2006-09-16). "Paying the price when companies stumble". The New York Times. Retrieved 2009-04-11.
- ^ a b c Saul, Stephanie (2007-06-12). "Drug maker fined in Plavix case". The New York Times. Retrieved 2009-04-11.
- ^ Saul, Stephanie (2006-11-04). "Former Bristol-Myers chief to get $9.5 million package". The New York Times. Retrieved 2009-04-11.
- ^ "Cephalon to acquire Gemin X for $225M - BusinessWeek". Archived from the original on 2012-11-02. Retrieved 2011-08-27.