Will Pfizer Inc (NYSE:PFE) Turnaround?

Posted by Kristi Scott October 2, 2013 0 Comment 1512 views

Pfizer Inc (NYSE:PFE) has announced that Shantanu Narayen has been elected to its Board of Directors. The effective start date of his appointment is 27 September 2013. Narayen has also been appointed to the company’s Corporate Governance & Science and Technology Committees

Impressive run

The 50-year old Narayen is the president and CEO of Adobe Systems Inc and serves on the company’s board of directors. Before he became the CEO in 2007, he was at various different posts in the company. He is also a member of the United States President’s Management Advisory Board. This board was set up in 2010 with the objective of providing advice on how best business practices can be implemented.

This included factors like application of technology on matters related to the operation and management of the Federal Government. He is also the Dell director and serves on the Haas School of Business’ Advisory board which is a part of Berkley’s University of California. He is also the President of the Adobe Foundation board. This board funds various global philanthropic initiatives.

Tuesday’s trading session

In Tuesday’s trading, Pfizer Inc (NYSE:PFE) rose by 0.57%. The shares opened at a price of $28.58, climbed to an intraday high of $28.95 and dipped to a close of $28.89. Approximately 23.52 million shares were traded on Tuesday while an average volume of 24.86 million shares were traded over a 30 day period. The 52-week low of the company’s shares is $23.55 and its 52-week high is $31.15. Pfizer Inc (NYSE:PFE) has a market capitalization of $191.26 billion.

About the company

Pfizer Inc (NYSE:PFE) is a global, research-based biopharmaceutical company. It manages its company operations via five segments: 1) Primary Care; 2) Specialty Care and Oncology; 3) Established Products and Emerging Markets; 4) Animal Health and Consumer Healthcare, 5) Nutrition.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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