BioMarin Promotes Company Veteran, Brian R. Mueller, to Executive Vice President, CFO

Rhea-AI Summary

BioMarin Pharmaceutical has promoted Brian R. Mueller to Executive Vice President, Chief Financial Officer, and Andrea L. Acosta to Group Vice President, Chief Accounting Officer. Mueller has been with the company for 17 years and served as acting CFO since February 2020. The CEO, Jean-Jacques Bienaimé, expressed confidence in Mueller's leadership and the depth of talent within the finance organization. Mueller aims to support the development of therapies for rare diseases, while Acosta emphasizes the need for a finance team sensitive to innovation requirements.

Positive

• Promotion of Brian R. Mueller to CFO, enhancing leadership and continuity in finance.
• Andrea L. Acosta's promotion strengthens the finance team's expertise.

Negative

• None.

SAN RAFAEL, Calif., June 29, 2020 /PRNewswire/ -- BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) today announced the promotions of Brian R. Mueller to Executive Vice President, Chief Financial Officer and of Andrea L. Acosta to Group Vice President, Chief Accounting Officer.  Mr. Mueller had been serving as Senior Vice President, Acting CFO since February this year.

"After an exhaustive search of internal and external candidates, Brian was the most qualified as a 17-year veteran at BioMarin in finance combined with his demonstration of leadership as acting CFO.  I am confident that Brian's experience, skills, and commitment to the Company will be integral to our growth into profitability," said Jean-Jacques Bienaimé, Chairman and Chief Executive Officer at BioMarin.  "It also was clear that Andrea's leadership within our Finance organization and experience made her the most qualified candidate for Chief Accounting Officer to assume Brian's previous role.  It is a credit to BioMarin that we have such deep bench strength in our finance organization to be able to promote two highly qualified people into these key leadership roles as the company transitions into its next evolutionary phase of growth."

"It is an honor to be selected for the CFO role at BioMarin.  I have been a part of the Company's growth over the last two decades, and I am looking forward to continuing to support our efforts to develop therapies that make a meaningful difference in small patient populations," said Brian R. Mueller, Executive Vice President, Chief Financial Officer.  "As the company continues to develop breakthrough therapies for rare disease patients, the Finance function is positioned as a strategic partner to our critical research and development, technical, and commercial operations."

"I am looking forward to bringing my experience to the role of Chief Accounting Officer and to supporting the Company's strategic goals over the coming years," said Andrea L. Acosta, Group Vice President, Chief Accounting Officer.  "It is important that the crucial work that BioMarin is doing to advance the standard of care for rare disease patients is supported by a finance organization that is sensitive to the specific needs to fuel innovation."

Mr. Mueller has been with BioMarin since December 2002, during which time he has taken on roles of increasing responsibility.  Prior to being Senior Vice President, Acting CFO, he served as Senior Vice President, Finance and Chief Accounting Officer and as Group Vice President, Corporate Controller.  Before joining BioMarin, Mr. Mueller worked for KPMG as a senior manager in the firm's audit practice. Mr. Mueller joined KPMG after Arthur Andersen LLP ceased operations in June 2002, prior to which he spent seven years with Arthur Andersen LLP in the firm's audit and business advisory services practice.  From June 2014 to May 2020, Mr. Mueller was a member of the board of directors of Anthera Pharmaceuticals, Inc., a previously public biopharmaceutical company, where he also served as Chairman of the Audit Committee. Mr. Mueller received a B.S. in Accountancy from Northern Illinois University in DeKalb, Illinois, and is a member of the American Institute of Certified Public Accountants.

Ms. Acosta joined BioMarin in 2017 as Vice President, Corporate Controller.  Prior to BioMarin, Ms. Acosta worked at Levi Strauss & Co. as Vice President, Global Controller and Principal Accounting Officer where she had various roles of increasing responsibility in finance management during her tenure.  Previously, she worked at KPMG LLP as a manager in the firm's audit practice.  She earned a BS in Accounting at San Francisco State University and is a Certified Public Accountant. 

About BioMarin

BioMarin is a global biotechnology company that develops and commercializes innovative therapies for patients with serious and life-threatening rare and ultra-rare genetic diseases. The company's portfolio consists of six commercialized products and multiple clinical and pre-clinical product candidates. For additional information, please visit -1%26h%3D2461800811%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D2369755-1%2526h%253D586143538%2526u%253Dhttp%25253A%25252F%25252Fwww.biomarin.com%25252F%2526a%253Dwww.biomarin.com%26a%3Dwww.biomarin.com&a=www.biomarin.com" rel="nofollow">www.biomarin.com. Information on such website is not incorporated by reference into this press release.

Forward-Looking Statement

This press release contains forward-looking statements about the business prospects of BioMarin Pharmaceutical Inc. (BioMarin), including, without limitation, statements about: Mr. Mueller's promotion and his anticipated contributions to the company's growth and profitability, Ms. Acosta's promotion, and the Company's ability to execute on its growth and profitability goals. These forward-looking statements are predictions and involve risks and uncertainties such that actual results may differ materially from these statements. These risks and uncertainties include, among others: Mr. Mueller continuing employment as anticipated, possible complications associated with the leadership transition within the Finance organization, and those factors detailed in BioMarin's filings with the Securities and Exchange Commission (SEC), including, without limitation, the factors contained under the caption "Risk Factors" in BioMarin's Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 as such factors may be updated by any subsequent reports. Stockholders are urged not to place undue reliance on forward-looking statements, which speak only as of the date hereof. BioMarin is under no obligation, and expressly disclaims any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise.

BioMarin® is a registered trademark of BioMarin Pharmaceutical Inc.

Contact:
Investors:	Media:
Traci McCarty	Debra Charlesworth
BioMarin Pharmaceutical Inc.	BioMarin Pharmaceutical Inc.
(415) 455-7558	(415) 455-7451

 

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SOURCE BioMarin Pharmaceutical Inc.

FAQ

What recent leadership changes occurred at BioMarin (BMRN)?

BioMarin has promoted Brian R. Mueller to Executive Vice President and CFO, and Andrea L. Acosta to Group Vice President and Chief Accounting Officer.

Who is Brian R. Mueller in relation to BioMarin (BMRN)?

Brian R. Mueller has been promoted to Executive Vice President and Chief Financial Officer, having served at BioMarin for 17 years.

What is Andrea L. Acosta's new role at BioMarin (BMRN)?

Andrea L. Acosta has been appointed Group Vice President and Chief Accounting Officer at BioMarin.

When were the leadership promotions at BioMarin (BMRN) announced?

The promotions were announced on June 29, 2020.

What experience does Brian R. Mueller have at BioMarin (BMRN)?

Brian R. Mueller has held multiple roles, including Senior Vice President, Acting CFO, and has been with BioMarin since December 2002.