Source Pravda.Ru

Eugene Melnyk changes board of Biovail Corp.

Biovail Corp.'s founder and largest shareholder, Eugene Melnyk, said he will propose an “alternative slate'' of nominees to the board of the Canadian drugmaker and won't seek election.

Melnyk cited his “ongoing dissatisfaction'' with the company and its performance, and his lack of confidence that an ongoing strategic review will bring about an improvement.

Biovail Corporation is Canada's largest pharmaceutical company, operating internationally in all aspects of pharmaceutical products. Its major production facility is located in Steinbach, Manitoba.

Eugene Melnyk (born May 27, 1959 in Toronto, Ontario ) is a Canadian businessman of Ukrainian origin who now resides in Barbados. He is the current owner, governor and chairman of the Ottawa Senators professional ice hockey club of the National Hockey League (NHL). He also owns the Mississauga St. Michael's Majors junior-age ice hockey club. He is the former chairman and chief executive officer of Biovail Corporation and former owner of Trimel Corporation.

Eugene Melnyk is an Honorary Director of "Help Us Help the Children" and a benefactor of Tourette Syndrome Foundation of Canada. He donated $1 million to the Belmont Child Care Association for the 2002 construction of a childcare center at Belmont Park.

Comments
MP suggests replacing Lenin's mummy with rubber figure
Moving inexorably towards war
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Russians lose faith in their future, get ready for worse
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Without INF Treaty, USA can destroy Russian nuclear weapons easily
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
Putin sees no drama if Russia misses Davos forum
Macron challenges Trump. French independence and croissants at stake
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Moving inexorably towards war
Putin dislikes the idea of US army bases coming to Kuril Islands
Putin dislikes the idea of US army bases coming to Kuril Islands
Putin sees no drama if Russia misses Davos forum
How can Americans and Russians understand each other?