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Drug giant Bristol-Myers Squibb Co. has elevated former Guidant Corp. chairman and CEO Jim Cornelius to permanent CEO.
The 63-year-old Zionsville businessman had served as interim CEO of the
Bristol-Myers fired CEO Peter Dolan in September after the company encountered a number of problems, including blowing an attempt to keep a generic version of its Plavix blood thinner off the market.
Cornelius was Eli Lilly and Co.’s chief financial officer before joining Guidant.
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