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Biotech / Medical : Seattle Genetics (SGEN)

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To: nigel bates who wrote (18)4/1/2002 7:16:23 PM
From: mopgcw   of 161
 
Seattle Genetics Names H. Perry Fell Chairman

DOW JONES NEWSWIRES

BOTHELL, Wash. -- Seattle Genetics Inc. (SGEN) named Chief Executive H. Perry Fell to the additional post of chairman.

In a press release Monday, the biotechnology company said Fell replaces Charles Waite, who will remain a director.

Seattle Genetics also said director Louis Bock won't seek re-election to the board in 2002 in order to spend more time with BA Venture Partners, where he is managing director.

A spokeswoman declined to comment on whether the company plans to fill the seat once Bock steps down.

The annual stockholders meeting is scheduled for May.

The company, which had revenue of $274,000 in 2001, also named Eric Dobmeier general counsel.

Company Web site: seattlegenetics.com

-Tim Paradis; Dow Jones Newswires; 201-938-5400

(CORRECTED 05:31 PM)

Seattle Genetics Inc. (SGEN) had revenue of $274,000 in 2001.

(An item published at 3:07 p.m. EST incorrectly reported the figure as $274 million.)
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