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Mylan Names Jolene Varney Chief Financial Officer

Thu, 05/28/2009 - 4:30am
Mylan Inc. has announced the appointment of Jolene Varney as Executive Vice Presidentand Chief Financial Officer. Varney has more than 20 years of experience in domestic and internationalfinance, strategy and general management. Most recently, Varney served assenior vice president of corporate finance with Dr Pepper Snapple Group whereshe led the $4 billion financing and demerger of the beverage business fromCadbury Schweppes. She also was responsible for establishing the corporatefinance organization and processes under the controller's function, treasury,tax, internal audit, Sarbanes-Oxley compliance, risk management and corporatefinance and analysis. Prior to DPSG, Varney spent 18 years at Kimberly Clark Corporation indivisional and corporate finance roles, and, most recently, as the company'sglobal treasurer responsible for capital structure, domestic and internationaltreasury operations, currency and commodity exposures, pension plan and riskmanagement teams. Prior to that, she spent three years in Europe as thegeneral manager of Kimberly-Clark's Central and Eastern European operationsand its European adult care division. Mylan's Chairman and CEO Robert J. Coury commented: "At this stage inMylan's history, it is critical that our new Chief Financial Officer bringsboth a tested financial background and multinational operational breadth.Jolene has significant global experience having served in roles withincreasing responsibility throughout every stage of her career."Coury continued: "I have been looking for a CFO who possesses thenecessary skills, instincts and qualities to lead the company's globalcorporate finance organization, and I am extremely pleased to have Jolene joinMylan's senior management team in this capacity. In addition to all of hercareer accomplishments, which speak for themselves, her ability to lead was aquality that impressed me from the start. Her cultural fit and requisite skillset will serve Mylan well now and into the future." Varney commented: "I am very excited to join Mylan as CFO. Mylan is ahighly regarded global pharmaceutical company, and I have been impressed withits growth and results. I very much look forward to contributing to thecompany as it continues its journey to become the most efficient globalgenerics and specialty pharmaceutical company in the world. Having spent mycareer in many areas of finance and in operational roles, this is an excitingopportunity for me to lead Mylan's global finance organization."As a member of the company's executive and senior leadership teams, Varneywill be responsible for all of Mylan's global finance functions includingaccounting and control, financial planning and analysis, treasury, tax andinvestor relations. She will begin her role with Mylan June 8.
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