NEW INFO: Bresch to Become Mylan CEO

By: Associated Press Email
By: Associated Press Email

UPDATE 10/26/11
MORGANTOWN, W.Va. (AP) -- Heather Bresch, the daughter of U.S. Sen. Joe Manchin, is becoming chief executive officer of generic drug giant Mylan Inc.

The Pittsburgh-based company announced Wednesday that she'll replace Robert Courty on Jan. 1. Coury, who has held the post for 10 years, will become executive chairman of the board.

Chief Operating Officer Rajiv Malik will become president. All three have agreed to three-year contracts.

Bresch has worked for the company co-founded by the late Morgantown philanthropist Milan "Mike" Puskar since 1992.

When she started, it had 700 and $100 million in sales, almost entirely in the U.S. Today, it employs 18,000 people and expects to generate more than $6 billion in sales this year.

Puskar retired as Mylan's chairman in 2009. He died in Morgantown on Oct. 7 of cancer.

UPDATE 10/10/11
MORGANTOWN, W.Va. (AP) -- The public can pay respects to Morgantown philanthropist Milan "Mike" Puskar over two days at the Waterfront Place Hotel.

The longtime West Virginia University benefactor died Friday at 77 of cancer. He co-founded Pennsylvania-based generic drug maker Mylan Inc. in 1961 and stayed with the company until retiring in 2009.

Visitation will be in the hotel's Platinum Ballroom from 10 a.m. to 9 p.m. Wednesday.

Services will be at the Morgantown Event Center at 3 p.m. Thursday, with the Very Rev. Dr. Rodney Torbic of St. George Serbian Orthodox Church officiating.

Afterward, a "celebration of life" reception will be held at the Event Center.

The family encourages donations to either WVU Children's Hospital or Chestnut Mountain Ranch.

ORIGINAL STORY 10/7/11 @ 11:22 p.m.
MORGANTOWN, W.Va. (AP) -- Milan "Mike" Puskar, the co-founder and former chairman of generic drug maker Mylan Inc. has died. He was 77.

West Virginia University officials said in a statement that he died Friday night of cancer. Puskar gave tens of millions of dollars to the university. The school's stadium is named after him.

University officials praised Puskar in a statement Friday night as a successful businessman who was "able to help so many others, and he took great pride and care in his generosity to West Virginia University."

Mylan, a Fortune 500 company with headquarters in Canonsburg, Pa., also has a factory in Morgantown, where Puskar lived.

Puskar was its chairman from 1993 to 2009, when he retired. He also served as president for 25 years.

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