UPS Board Names Pharma Expert Dr. Candace Kendle a Director, Also Sets Regular Divide

Discussion in 'UPS Pressroom News' started by cheryl, Aug 11, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    The UPS (NYSE: UPS) Board of Directors today named Dr. Candace Kendle, a noted expert in the biopharmaceutical industry, a company director effective immediately. Her appointment to the post expands the UPS Board to 12 members.

    The Board also declared a regular quarterly dividend of $0.52 per share on all outstanding Class A and Class B shares. The dividend is payable Sept. 7, 2011, to shareholders of record on Aug. 22, 2011.

    UPS's dividend has more than tripled since 2000, when it stood at $0.17 per share. The company has either increased or maintained its dividend every year for more than four decades.

    Dr. Kendle, 64, is the co-founder and former chairman and CEO of Kendle International Inc., a global clinical research organization that delivers a wide range of clinical development and clinical trial services to biopharmaceutical companies around the world. Headquartered in Cincinnati, the company was acquired last month by INC Research LLC of Raleigh, N.C., for $232 million.

    Dr. Kendle is a founding member and past chairperson of the Association of Clinical Research Organizations and is recognized worldwide as a leader in the clinical research industry. She earned a doctorate in pharmacy from the University of Cincinnati, then completed post-doctoral training at the Cincinnati Children's Hospital Medical Center and the University of North Carolina School of Public Health in Chapel Hill.

    Prior to founding Kendle International, Dr. Kendle held senior faculty positions at the University of North Carolina Schools of Pharmacy and Medicine; the University of Pennsylvania School of Medicine; the Philadelphia College of Pharmacy and Science, and the University of Cincinnati College of Pharmacy.

    Dr. Kendle is a member of the Committee of 200, an organization of preeminent women entrepreneurs and corporate leaders, and serves as a mentor for the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. For more than 10 years, she has served on the H.J. Heinz Company Board of Directors, where she sits on the Audit and Management Development & Compensation Committees.

    Dr. Kendle will stand for election to a regular one-year term at UPS's annual shareowners' meeting in May 2012. She will serve on the Audit Committee of the Board.

    Dr. Kendle joins the Board at a time when UPS has made healthcare logistics one of its most important strategic priorities. With the addition of new facilities earlier this year in Singapore, the Netherlands, Canada, Latin America and the U.S., UPS now operates 30 global healthcare facilities in strategic locations around the globe with more than 4 million square feet of dedicated healthcare distribution space.