2 Execs depart: Pfizer gives dose of consolidation to Pharmacia.(News)

Pensions & Investments, May, 2003

Byline: Phyllis Feinberg NEW YORK - Pfizer Inc. is cleaning house at the pension fund of Pharmacia Corp., eliminating the jobs of the top two executives responsible for running the Pharmacia fund and doing a review of the external asset managers for the defined benefit plan. New York-based Pfizer, which acquired Pharmacia, Peapack, N.J., in a deal that closed last month, has terminated Patricia Haverland, senior director of pension investments, and Charles Malone, manager of pension investments, sources said.

Ms. Haverland and Mr. Malone declined to comment, referring all calls to Pfizer executives. Sharon Kinsman, assistant treasurer at Pfizer, who oversees the pension fund, declined to comment. Pfizer spokesman Paul Fitzhenry said, "I can't comment on...

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