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Aveo Pharma Elects Genzyme CEO Termeer to Board

Tue, 04/12/2011 - 4:41am

CAMBRIDGE, Mass. (AP) — Aveo Pharmaceuticals Inc. said today it appointed Henri Termeer, the outgoing chairman, CEO and president of Genzyme Corp., to the Aveo board of directors.

Termeer had been Genzyme's president and a member of its board since 1983, and the company's CEO since 1985. Last week, the French drugmaker Sanofi-Aventis completed its $20.1 billion purchase of Genzyme, which was based in Cambridge, Mass.

Aveo Pharmaceuticals, also based in Cambridge, said Douglas Cole and Russell Hirsch won't stand for re-election to the board at Aveo's annual shareholder meeting in June.

 

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