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Saddle River, NJ— (October 3, 2005) PDI, Inc. (NASDAQ: PDII) a diversified sales and marketing services provider to the biopharmaceutical and medical devices and diagnostics industries, announced two key hires in the Human Resources department reflecting the company's commitment to "best in class" talent recruitment, development and management: Kathy Marsico as Vice President, Human Resources and Suzanne Reilly, Executive Director, Talent Management.
These new hires are part of an overall restructuring of the Human Resources department spearheaded by Nancy McCarthy, Executive Vice President of Human Resources, to create business partners within HR who support the three major divisions of the company.
Kathy Marsico will serve as Senior Business Partner to the Sales Services Segment, working closely with Steven K. Budd, President of that division. As a consultant to the Sales Services Segment, Marsico will help to design programs and develop initiatives that will enhance organization capability and create business impact. Key areas of focus are leadership development, field sales productivity, and retention of PDI's more than 2500 sales representatives. Marsico brings a diversified background in sales management and human resources to her position, having spent 23 years of her career with AT&T before taking executive leadership appointments at Harvest Inc., the largest food rescue organization, and then with AFS-USA, the largest international high school exchange organization. Marsico holds an MBA in Marketing from New York University and has attended post-graduate education courses at the University of Illinois and at Williams College.
Susanne Reilly's role is to establish an enterprise-wide talent management platform to achieve best practices in talent development. She is accountable for the strategy, products and processes to strengthen PDI's organizational and leadership capability. Key on her agenda is the establishment of benchmarks and programs for the development of high performing leaders, identification of top talent, performance management, and continuous learning. Prior to joining PDI, Reilly was a Senior Consultant with Applied Research Corporation, a Human Resources consulting firm with clients in a wide variety of industries, including pharmaceutical. Reilly holds a Ph.D. in Applied Psychology from Stevens Institute of Technology, where she was a four-time Stanley fellow.
"The hiring of Kathy and Susanne truly reinforces how we differentiate ourselves in terms of talent," states Nancy McCarthy. "Not only do they bring thought leadership, but they do so from a business perspective so necessary in these competitive and changing times. With Kathy we have the field sales authority and with Susanne we have a best practices authority whose synergy create high impact throughout our organization."
"PDI has always understood the importance that having the right talent can mean to our success and that of the clients we serve. We are delighted with the caliber of people we have been able to attract and retain throughout our history. With Kathy and Susanne on board, we know that we will be even more agile and have more impact in our executions," said Steve Budd.
For more information contact:
Stephen P. Cotugno
Executive Vice President-Corporate Development
PDI, Inc.
201-574-8617
About PDI
PDI, Inc. (NASDAQ: PDII) is a diversified sales and marketing services provider to the biopharmaceutical industry. PDI's comprehensive set of outsourced sales and marketing solutions is designed to increase its clients' strategic flexibility and enhance their efficiency and profitability. Headquartered in Saddle River, NJ, PDI also has offices in Pennsylvania and Illinois.
PDI's sales and marketing services include our Performance Sales Teams™, which are dedicated teams for specific clients; and Select Access™, our targeted sales solution that leverages an existing infrastructure; marketing research and consulting; and medical education and communications. The company's experience extends across multiple therapeutic categories and includes office and hospital-based initiatives.
PDI's commitment is to deliver innovative solutions, unparalleled execution and superior results for its clients. Through strategic partnership and client-driven innovation, PDI maintains some of the longest standing sales and marketing relationships in the industry. Recognized as an industry pioneer, PDI remains committed to continued innovation.
For more information, visit the Company's website at www.pdi-inc.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding future events and financial performance. These statements involve a number of risks and uncertainties and are based on numerous assumptions involving judgments with respect to future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond PDI's control.
Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, changes in our operating expenses, adverse patent rulings, FDA, legal or accounting developments, competitive pressures, failure to meet performance benchmarks in significant contracts, changes in customer and market requirements and standards, the impact of
any stock repurchase programs, and the risk factors detailed from time to time in PDI's periodic filings with the Securities and Exchange Commission, including without limitation, PDI's Annual Report on Form 10-K for the year ended December 31, 2004, and PDI's periodic reports on Form 8-K filed with the Securities and Exchange Commission since January 1, 2005. The forward looking-statements in this press release are based upon
management's reasonable belief as of the date hereof. PDI undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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