executive

Jerome Carle steps down as Julphar Chief Executive

Chief Executive of Gulf Pharmaceutical Industries, Jerome Carle, is stepping down from his post at the United Arab Emirates drug manufacturer facing mounting pressure.

Julphar, one of the biggest generic drugs manufacturers in the Middle East and North Africa said Jerome Carle has “tendered his resignation” and the board has accepted it. His last working day will be December 8th.

read more




executive

UKRI Chief Executive Sir Mark Walport to step down in 2020

Sir Mark Walport, Chief Executive of UK Research and Innovation (UKRI), the national funding agency responsible for science and research investment in the UK, has announced he is to retire for the role next year.

The decision to leave the organisation in 2020 will mark the end of a three-year tenure at its helm, beginning in 2017 when Walport was appointed to “create a single, ambitious organisation and provide the UK with a world class funding system to keep it at the forefront of global research and innovation”.

read more




executive

Pfizer CEO Albert Bourla to Succeed Ian Read as Executive Chairman

Pfizer’s executive chairman Ian Read, is to be succeeded by CEO Albert Bourla with a date to start the post being January 1st 2020.

Mr Bourla, who joined Pfizer’s animal health division in 1993, succeeded Mr. Read from Chief Operating Officer as Chief Executive earlier this year in January, and will now go on to serve as Executive Chairman.

Mr Read has spent nine years in the role and has been at the company for a total of 41 years, first arriving in 1978 and becoming CEO in 2010, joining the board the following year.

read more




executive

Dr Richard Torbett is named as the new Chief Executive of the ABPI

The Association of the British Pharmaceutical Industry (ABPI) has appointed Dr Richard Torbett as its new Chief Executive. He will assume the position on 1 January 2020.

The appointment comes after his predecessor, Mike Thompson, stepped down in June. He had served in the role since March 2016. Torbett was unanimously selected by the ABPI board after an external recruitment process with an executive search agency.

read more




executive

Saniona appoints Rami Levin as President and Chief Executive Officer

Saniona has announced that Rami Levin will take over as the Chief Executive Officer of the company as it seeks to transition into a fully-fledge biopharmaceuticals company, with a focus on rare diseases.

Levin was appointed by the Board of Directors and the company’s founders. His appointment takes immediate effect.

read more




executive

Dr Lars Nieba appointed interim Chief Executive Officer at Nordic Nanovector

Nordic Nanovector has appointed Dr Lars Nieba as the interim Chief Executive Officer. He is currently the company’s Chief Technology Officer and replaces Eduardo Bravo who as of today has left Nordic to pursue other career opportunities.

read more




executive

Immunron Chief Executive Officer Gary Jacob resigns amidst coronavirus cost-cutting

The Chief Executive Officer of Immuron, Gary S. Jacob, has resigned as CEO and as a member of the Board due to restructering taking place to prepare the company for a post-coronavirus world.

In a statement, the company said it was the first move to help the “preservation of capital to allow the company to weather the current trading conditions pending strengthening of the travel market. This will involve radical cost-cutting and deferring certain research and development activities.”

read more



  • Manufacturing and Production

executive

Industry veteran Dr David Setboun joins BrainStorm as Executive VP and COO

BrainStorm Cell Therapeutics, a firm developing cellular therapies to tackle neurodegenerative diseases, has named industry Big Pharma veteran Dr David Setboun as its new Executive Vice President and Chief Operating Officer.

Dr Setboun has served for two decades at some of the biggest names in pharma. His most recent role was Vice President of Corporate Development, Strategy & Business at Life Biosciences, where he helped drive development of a range of vital commercial, operating and funding milestones.

read more




executive

A $100 Million Biotech Deal Is Also A Tale Of Two Executives Facing Their Kids’ Deadly Diseases

“John, I’m very aware of your family’s journey, Twelve years ago I was one of the producers considering bidding on your life rights.”




executive

Former Shipping Executive Sentenced to 48 Months in Jail for His Role in Antitrust Conspiracy

A former high-level shipping executive was sentenced today to serve 48 months in jail and to pay a $20,000 criminal fine for his role in an antitrust conspiracy involving the transportation of goods to and from the continental United States and Puerto Rico by ocean vessel. This is the longest jail sentence ever imposed for a single antitrust charge.



  • OPA Press Releases

executive

Three Foreign Executives Indicted for Their Roles in LCD Price-Fixing Conspiracy

A federal grand jury in San Francisco returned an indictment against two former executives from Chunghwa Picture Tubes Ltd. (Chunghwa) and one former executive from LG Display Co. Ltd. (LG) for their participation in a global conspiracy to fix prices of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels.



  • OPA Press Releases

executive

Former Executive Indicted for His Role in Two Cathode Ray Tube Price-Fixing Conspiracies

A federal grand jury in San Francisco today returned a two-count indictment against the former Chairman and Chief Executive Officer of Chunghwa Picture Tubes Ltd. for his participation in global conspiracies to fix prices of two types of cathode ray tubes (CRTs) used in computer monitors and televisions.



  • OPA Press Releases

executive

Hitachi Executive Indicted for His Role in LCD Price-Fixing Conspiracy

A federal grand jury in San Francisco returned an indictment today charging an executive at Hitachi Displays Ltd. with participating in a global conspiracy to fix the prices of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels sold to Dell Inc.



  • OPA Press Releases

executive

Former Bristol-Myers Squibb Senior Executive Pleads Guilty for Role in Dishonest Dealings with the Federal Government

A former senior executive of Bristol-Myers Squibb Company (BMS), Andrew Bodnar, pleaded guilty for his role in BMS’s dishonest dealings with the federal government relating to a patent deal involving the popular blood-thinning drug Plavix. This plea agreement follows BMS’s June 11, 2007, agreement to plead guilty and pay a $1 million criminal fine – the maximum fine permitted by statute – for misleading the government about the Plavix patent deal.



  • OPA Press Releases

executive

Senior Executives of Auto Parts Retailer Charged with Scheme to Manipulate Corporate Earnings

Two former senior executives of CSK Auto Corp. (CSK), have been charged in a 31-count indictment for a scheme to manipulate the company’s reported earnings. The indictment, returned on April 7, 2009, by a federal grand jury in Phoenix, charges Martin G. Fraser, 53, of Glendale, Ariz., and Don W. Watson, 53, of Gilbert, Ariz., with conspiracy, securities fraud, mail fraud, false filings with the U.S. Securities and Exchange Commission (SEC), false books and records, and false statements to its auditor.



  • OPA Press Releases

executive

Six Former Executives of California Valve Company Charged in $46 Million Foreign Bribery Conspiracy

Six former executives of an Orange County, Calif.-based valve company were charged today in connection with a conspiracy to secure contracts by paying bribes to officials of foreign state-owned companies as well as officers and employees of foreign and domestic private companies. The contracts resulted in net profits to the company of approximately $46.5 million. According to the indictment, the defendants allegedly engaged in a bribery conspiracy from approximately 1998 through 2007.



  • OPA Press Releases

executive

Oil Company and Two Executives Plead Guilty to Environmental Crimes

Texas Oil and Gathering Inc., its owner John Kessel and its operations manager Edgar Pettijohn pleaded guilty today in U.S. District Court in Houston to criminal violations related to the disposal of refinery wastes at an underground injection well in violation of the Safe Drinking Water Act.



  • OPA Press Releases

executive

Illinois Refuse Container Repair Company Executives Indicted in Conspiracy to Defraud the City of Chicago

A Chicago grand jury indicted the president and vice president of an Illinois refuse disposal container repair company for engaging in a conspiracy and scheme to defraud the city of Chicago on a contract for the repair of refuse carts. This is the first case to be brought in the Department’s ongoing antitrust investigation into the refuse cart repair industry.



  • OPA Press Releases

executive

Korean Executive Agrees to Plead Guilty and Serve One Year in Prison for Participation in LCD Price-Fixing Conspiracy

A high-level Korean executive from LG Display Co. Ltd. (LG) has agreed to plead guilty and serve a year in jail in the United States for participating in a global conspiracy to fix prices in the sale of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels.



  • OPA Press Releases

executive

Dutch Airline Executive Agrees to Plead Guilty for Fixing Prices on Air Cargo Shipments

A Dutch citizen and executive of Martinair Holland N.V. (Martinair) has agreed to plead guilty, serve time in jail and pay a criminal fine for participating in a conspiracy to fix cargo rates for international air shipments. Including today’s charge, a total of 15 airlines and four executives have pleaded guilty or agreed to plead guilty in the Justice Department’s ongoing investigation into price fixing in the air transportation industry.



  • OPA Press Releases

executive

North Dakota Executive Pleads Guilty to Nine Counts of Tax Fraud on Eve of Trial

Michael Fisher, owner of Fisher Sand & Gravel Co. Inc. (FSG), based in Dickinson, N.D., today pleaded guilty to nine felony counts of tax fraud.



  • OPA Press Releases

executive

Media Executive John Malone to Pay $1.4 Million Civil Penalty for Violating Antitrust Premerger Notification Requirements

Media executive John C. Malone will pay a $1.4 million civil penalty to settle charges that he violated premerger reporting and waiting requirements when he acquired Discovery Holding Co. voting securities. The Department’s Antitrust Division, at the request of the Federal Trade Commission, filed a civil antitrust lawsuit today in U.S. District Court in Washington, D.C., against Malone for violating the notification requirements of the Hart-Scott-Rodino (HSR) Act of 1976. At the same time, the Department filed a proposed settlement that, if approved by the court, will settle the charges.



  • OPA Press Releases

executive

Medicare Fraud Strike Force Operations Lead to Charges Against 53 Doctors, Health Care Executives and Beneficiaries for More Than $50 Million in Alleged False Billing in Detroit

“As demonstrated by today’s charges and arrests, we will strike back against those whose fraudulent schemes not only undermine a program upon which 45 million aged and disabled Americans depend, but which also contribute directly to rising health care costs that all Americans must bear,” said Attorney General Holder.



  • OPA Press Releases

executive

Former Executive of Philadelphia Company Pleads Guilty to Paying Bribes to Vietnamese Officials

A former executive of Philadelphia-based Nexus Technologies Inc. pleaded guilty today in connection with his participation in a conspiracy to bribe Vietnamese government officials in exchange for lucrative contracts to supply equipment and technology to Vietnamese government agencies, in violation of the Foreign Corrupt Practices Act (FCPA).



  • OPA Press Releases

executive

Former Virginia Marine Products Company Executive Pleads Guilty to Bid Rigging on Contracts with the U.S. Navy and Others

The chief executive officer of a former Virginia marine products company pleaded guilty and has agreed to pay a $100,000 criminal fine and serve time in jail for his role in a conspiracy to rig bids and allocate customers with respect to marine products purchased by the U.S. Navy, the U.S. Coast Guard, and other public and private entities.



  • OPA Press Releases

executive

Canadian Executive Pleads Guilty to Fraud and Money Laundering Conspiracies Involving a New Jersey Environmental Protection Agency Superfund Site

A former executive of Bennett Environmental Inc. (BEI), a Canadian-based company that treats and disposes of contaminated soil, pleaded guilty to participating in a conspiracy to pay kickbacks and commit fraud at the U.S. Environmental Protection Agency (EPA)-designated Superfund site, Federal Creosote, located in Manville, N.J. The former executive also pleaded guilty to participating in a money laundering conspiracy and impeding a proceeding before the U.S. Securities and Exchange Commission.



  • OPA Press Releases

executive

Former Tamimi Global Executive Convicted of Witness Tampering Following Reinstatement of Charges

Mohammad Shabbir Khan, the former director of operations in Kuwait and Iraq for Tamimi Global Company, a Saudi Arabian company, has been convicted of witness tampering and conspiracy to commit witness tampering.



  • OPA Press Releases

executive

Former Taiwanese Executive Indicted in Color Display Tube Price-Fixing Conspiracy

A federal grand jury in San Francisco has returned an indictment against a former executive of a large Taiwanese color display tube (CDT) manufacturing company for participating in a global conspiracy to fix prices of CDTs, a type of cathode ray tube used in computer monitors and other specialized applications.



  • OPA Press Releases

executive

Swiss Banking Executive and Swiss Lawyer Charged with Conspiring to Defraud the United States

Hansruedi Schumacher and Matthias Rickenbach, both of Switzerland, were indicted today for conspiring to defraud the United States. According to the indictment, Schumacher worked as an executive manager at Neue Zuercher Bank (NZB), a Swiss private bank located in Zurich, Switzerland. Rickenbach worked as a Swiss attorney who provided legal advice and services to U.S. clients.



  • OPA Press Releases

executive

Former Pacific Consolidated Industries LP Executive Pleads Guilty in Connection with Bribes Paid to U.K. Ministry of Defense Official

The former director of sales and marketing for Pacific Consolidated Industries LP (PCI) pleaded guilty today to charges related to the bribery of a U.K. Ministry of Defense (UK-MOD) official in order to obtain lucrative equipment contracts with the U.K. Royal Air Force, in violation of the Foreign Corrupt Practices Act (FCPA).



  • OPA Press Releases

executive

Film Executive and Spouse Found Guilty of Paying Bribes to a Senior Thai Tourism Official to Obtain Lucrative Contracts

Gerald Green and Patricia Green, Los Angeles-area film executives, were found guilty late last Friday of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and money laundering laws of the United States, as well as substantive violations of the FCPA and U.S. money laundering laws in relation to a sophisticated bribery scheme that enabled the defendants to obtain a series of Thai government contracts, including valuable contracts to manage and operate Thailand’s yearly film festival.



  • OPA Press Releases

executive

Former Enron Broadband Co-Chief Executive Officer Sentenced For Wire Fraud

Joseph Hirko, former co-chief executive officer of Enron Broadband Services (EBS), Enron’s failed telecommunications business, was sentenced today to 16 months in prison.



  • OPA Press Releases

executive

Detroit-Area Rehabilition Facility Executive Pleads Guilty To $18.2 Million Medicare Fraud Scheme

Suresh Chand pleaded guilty today to participating in multiple conspiracies to defraud the Medicare program and to launder the proceeds of the fraud.



  • OPA Press Releases

executive

Financial Products and Services Firm, Two Executives and One Former Executive Indicted for Roles in Conspiracies Involving Proceeds of Municipal Bonds

A Beverly Hills, Calif.-based financial products and services firm, two of its executives and one former executive were indicted today for their participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other related municipal finance contracts.



  • OPA Press Releases

executive

Two Florida Executives, One Florida Intermediary and Two Former Haitian Government Officials Indicted for Their Alleged Participation in Foreign Bribery Scheme

Two Florida executives of a Miami-Dade County-based telecommunications company, the president of Florida-based Telecom Consulting Services Corp., and two former Haitian government officials were charged in an indictment unsealed today for their alleged roles in a foreign bribery, wire fraud and money laundering scheme.



  • OPA Press Releases

executive

North Dakota Executive Sentenced to Prison for Tax Fraud

Micheal Fisher, a former co-owner of Fisher Sand & Gravel Co. Inc. (FSG) based in Dickinson, N.D., was sentenced to 37 months in prison.



  • OPA Press Releases

executive

Two Former Executives of Indicted Video Relay Services Company Plead Guilty to Defrauding FCC Program

Anthony Mowl, the former assistant vice president of business development for Viable Communications Inc. (Viable), and Donald Tropp, the former human resources manager for Viable, pleaded guilty today to engaging in a conspiracy to defraud the Federal Communications Commission’s (FCC) Video Relay Service (VRS) program of more than $2.5 million, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division.



  • OPA Press Releases

executive

Twenty-Two Executives and Employees of Military and Law Enforcement Products Companies Charged in Foreign Bribery Scheme

The 16 indictments unsealed today represent the largest single investigation and prosecution against individuals in the history of DOJ’s enforcement of the Foreign Corrupt Practices Act.



  • OPA Press Releases

executive

Former Willbros International Executives Sentenced to Prison for Their Roles in $6 Million Foreign Bribery Scheme

Two former executives of Willbros International Inc. (WII), a subsidiary of Houston-based Willbros Group Inc. (Willbros), were sentenced today for their roles in a conspiracy to pay more than $6 million in bribes to government officials of the Federal Republic of Nigeria and officials from a Nigerian political party.



  • OPA Press Releases

executive

Two New Jersey Executives Each Sentenced to 27 Months in Jail for Roles in Nationwide Scheme to Defraud the Federal E-rate Program

Benjamin Rowner and Jay H. Soled, former owners of DeltaNet Inc., were also each sentenced to pay $271,716 in restitution, jointly and severally, to the Universal Service Administrative Company (USAC).



  • OPA Press Releases

executive

Attorney General Eric Holder Addresses the National Organization of Black Law Enforcement Executives

"Let me be clear, we enhance public safety by incarcerating those who harm our neighbors and our communities. This is a fact. But in our work to protect the American people, incarceration cannot be our only law enforcement strategy," said Attorney General Holder.




executive

Two Former Executives of Video Relay Services Company Plead Guilty to Defrauding FCC Program

Irma Azrelyant and Joshua Finkle, the former co-owners of New York and New Jersey-based Deaf and Hard of Hearing Interpreting Services Inc. (DHIS), pleaded guilty today to engaging in a conspiracy to defraud the Federal Communications Commission’s (FCC) Video Relay Service (VRS) program of more than $7 million.



  • OPA Press Releases

executive

Two Former Executives of Medical Manager Found Guilty in Securities Fraud Scheme

Two former executives of Medical Manager Health Systems Inc., a subsidiary of WebMD Corporation from 2000 to 2005, were convicted today by a federal jury in Charleston, S.C., with participating in a conspiracy to fraudulently inflate the reported earnings of Medical Manager by more than $16.8 million between 1997 and 2003.



  • OPA Press Releases

executive

Former Acting Executive Director of Nonprofit Organization in American Samoa Pleads Guilty to Theft of Federal Grant Funds

The former acting executive director of U’una’i Legal Services Corporation pleaded guilty today to stealing $31,292 from the federally-funded organization in American Samoa.



  • OPA Press Releases

executive

Former Executive Indicted for His Role in Color Display Tube Price-Fixing Conspiracy

A federal grand jury in San Francisco today returned an indictment against a former executive of a large Taiwan-based color display tube (CDT) manufacturing company for his participation in a global conspiracy to fix prices of CDTs, a type of cathode ray tube used in computer monitors and other specialized applications, the Department of Justice announced.



  • OPA Press Releases

executive

Former NSA Senior Executive Charged with Illegally Retaining Classified Information, Obstructing Justice and Making False Statements

A federal grand jury in the District of Maryland has returned a 10-count indictment charging former National Security Agency (NSA) senior executive Thomas A. Drake with the willful retention of classified information, obstruction of justice and making false statements.



  • OPA Press Releases

executive

Attorney General Eric Holder Speaks at the Police Executive Research Forum Annual Meeting

"PERF has become a leading voice in establishing policies to reduce officer-involved shootings, to increase diversity in your ranks, and to bring a renewed focus on accountability and transparency within your departments," said Attorney General Holder.




executive

Former Executive of Iowa Ready-mix Concrete Company Agrees to Plead Guilty to Price Fixing and Bid Rigging

A former executive of an Iowa ready-mix concrete company has agreed to plead guilty and serve 19 months in jail for participating in three separate conspiracies to fix prices and rig bids for the sales of ready-mix concrete.



  • OPA Press Releases

executive

Brooklyn Physical Therapy Clinic Executive and Three Employees Charged in Health Care Fraud Scheme

Solstice executive Dmitry Shteyman, 35, and Solstice employees Aleksey Shteyman, 41; Maxsim Shvedkin, 38; and Sara Kalantarov, 22, were each charged in an indictment unsealed today in U.S. District Court in the Eastern District of New York, with conspiracy to defraud the United States, to submit and cause the submission of false claims and to pay health care kickbacks.



  • OPA Press Releases

executive

Former New Jersey Investment Company Executive Charged with Embezzling More Than $600,000 from Company

The former managing director of Pamrapo Saving Bank’s investment company was arrested today and charged with allegedly diverting and embezzling more than $600,000.



  • OPA Press Releases