West Elects New Director to the Board

Rhea-AI Summary

West Pharmaceutical Services (NYSE: WST) has appointed Molly Joseph to its Board of Directors, expanding the board to 11 members. Joseph, 47, previously served as CEO of UnitedHealthcare Group for over a decade, where she led the development of a significant global health business. Her experience includes oversight of extensive medical facilities and strategic corporate development. With her extensive healthcare and board experience, the company anticipates that her expertise will enhance its mission in delivering healthcare solutions worldwide.

Positive

• Molly Joseph brings over a decade of leadership experience from UnitedHealthcare, potentially enhancing West's strategic initiatives.
• Her background in expanding global health services aligns well with West’s mission.

Negative

• Concerns may arise regarding continuity in leadership and potential gaps in industry-specific experience.

EXTON, Pa., Aug. 23, 2021 /PRNewswire/ -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, announced today the Company's Board of Directors has elected Molly Joseph as its newest member.  With the addition of Ms. Joseph, West's Board has 11 directors.

Ms. Joseph, 47, is the former Chief Executive Officer ("CEO") of UnitedHealthcare Group, a role she served in for more than a decade. During her 16-year tenure, she pioneered the establishment of UnitedHealth Group's global health business into one of the largest health benefits and medical delivery business outside of the United States. As CEO of UnitedHealthcare Global, she had oversight of 55 hospitals and several hundred ambulatory centers, with over 9 million patients and 7 million insurance members.

Molly also served UnitedHealth Group in strategy and corporate development, where she led acquisitions and business transactions. Prior to joining UnitedHealth Group, she focused on business transactions as an investment banker and a corporate attorney.

Ms. Joseph serves on the Board of Directors of First Solar and the Board of Trustees at Santa Clara University. She is a long-time advisor to Children's Heartlink, a global nonprofit organization for pediatric cardiac care and serves on the Board of Directors of Young Voices of Austin, a nonprofit organization focused on the advancement of children from diverse backgrounds.

Ms. Joseph earned her Juris Doctor from Georgetown Law Center and Bachelor of Science degree from Santa Clara University.

"We are pleased to welcome Molly Joseph to West's Board of Directors," said Patrick J. Zenner, Chair of the Board of Directors, West. "Molly's extensive experience in building and leading clinically integrated medical delivery systems and health insurance systems is well-aligned with West's mission and role to deliver healthcare to millions of patients every day. With her significant board and industry experience, we know that Molly's expertise will be a valuable addition to our Board of Directors."

About West

West Pharmaceutical Services, Inc. is a leading provider of innovative, high-quality injectable solutions and services. As a trusted partner to established and emerging drug developers, West helps ensure the safe, effective containment and delivery of life-saving and life-enhancing medicines for patients. With almost 10,000 team members across 50 sites worldwide, West helps support our customers by delivering over 40 billion components and devices each year.

Headquartered in Exton, Pennsylvania, and in business for nearly a century, West in its fiscal year 2020 generated over $2.15 billion in sales. West is traded on the New York Stock Exchange (NYSE: WST) and is included on the Standard & Poor's 500 index. For more information, visit https://www.westpharma.com/.

All trademarks and registered trademarks used in this release are the property of West Pharmaceutical Services, Inc. or its subsidiaries, in the United States and other jurisdictions, unless otherwise noted.

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SOURCE West Pharmaceutical Services, Inc.

FAQ

Who is Molly Joseph and what is her background in relation to West Pharmaceutical Services?

Molly Joseph is the new board member of West, previously serving as CEO of UnitedHealthcare Group for over a decade, where she led global health initiatives.

What does Molly Joseph's appointment mean for West Pharmaceutical Services?

Her appointment could bring valuable insights and strategies to West, leveraging her extensive experience in healthcare and medical delivery systems.

How many members are on West Pharmaceutical Services' Board of Directors now?

With Molly Joseph's election, West's Board of Directors now consists of 11 members.

What is the significance of Molly Joseph's appointment on West's business strategy?

Her expertise in healthcare delivery may strengthen West's position in the market and enhance its service offerings.