Biogen Said to Name Papadopoulos as New Chairman
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Biogen Idec Inc., the third-largest biotechnology company, will name director Stelios Papadopoulos as chairman, replacing William Young, according to two people familiar with the matter.
Young doesn’t plan to seek re-election to the board this year, according to the people, who asked not to be named because the information isn’t public. Papadopoulos would assume the role when Young’s term ends at the company’s next annual meeting. Kate Niazi-Sai, a spokeswoman for Cambridge, Massachusetts-based Biogen, declined to comment yesterday.