Peter R. Dolan (born January 6, 1956) is an American

business executive A business executive is a person responsible for running an organization, although the exact nature of the role varies depending on the organization. Executives run companies or government agencies. They create plans to help their organizations g ...

. In 2009, he became chairman and CEO of Gemin X Pharmaceuticals after joining the board in July 2008; he was formerly the

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

Bristol-Myers Squibb The Bristol Myers Squibb Company (BMS) is an American multinational pharmaceutical company. Headquartered in New York City, BMS is one of the world's largest pharmaceutical companies and consistently ranks on the ''Fortune'' 500 list of the lar ...

before being discharged from that company in September 2006 as a result of a federal investigation into questions concerning the

patent A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A p ...

of drug

Plavix Clopidogrel — sold under the brand name Plavix, among others — is an antiplatelet medication used to reduce the risk of heart disease and stroke in those at high risk. It is also used together with aspirin in heart attacks and following th ...

Personal life

The son of John Ralph Dolan and Lois Burkhart, Peter Dolan was born in

Salem, Massachusetts Salem ( ) is a historic coastal city in Essex County, Massachusetts, located on the North Shore of Greater Boston. Continuous settlement by Europeans began in 1626 with English colonists. Salem would become one of the most significant seaports tr ...

, on January 6, 1956. (subscription required) Dolan attended St. John's Preparatory School (Massachusetts) before going on to

Tufts University Tufts University is a private research university on the border of Medford and Somerville, Massachusetts. It was founded in 1852 as Tufts College by Christian universalists who sought to provide a nonsectarian institution of higher learning. ...

earning a

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...

in 1978 before going to the

Tuck School of Business The Tuck School of Business (also known as Tuck, and formally known as the Amos Tuck School of Administration and Finance) is the graduate business school of Dartmouth College, a private research university in Hanover, New Hampshire. Founded in ...

Dartmouth College Dartmouth College (; ) is a private research university in Hanover, New Hampshire. Established in 1769 by Eleazar Wheelock, it is one of the nine colonial colleges chartered before the American Revolution. Although founded to educate Native A ...

to earn his

M.B.A. A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as account ...

in 1980. While at Tufts, he joined

Delta Upsilon Delta Upsilon (), commonly known as DU, is a collegiate men's fraternity founded on November 4, 1834 at Williams College in Williamstown, Massachusetts. It is the sixth-oldest, all-male, college Greek Letter Organizations#Greek letters, Greek-let ...

fraternity. He wed former

executive director Executive director is commonly the title of the chief executive officer of a non-profit organization, government agency or international organization. The title is widely used in North American and European not-for-profit organizations, though ...

of Saint Joseph's Hospital Katherine Helen Lange, with whom he shares two children.

Early career

In 1983, Dolan began working at

General Foods General Foods Corporation was a company whose direct predecessor was established in the United States by Charles William Post as the Postum Cereal Company in 1895. The company changed its name to "General Foods" in 1929, after several corporate ...

, rising to general product manager by 1986. In 1988, he took a job at Bristol-Myers Squibb. While at Bristol, Dolan was involved in developing the cancer-treating medication

Erbitux Cetuximab, sold under the brand name Erbitux, is an epidermal growth factor receptor (EGFR) inhibitor medication used for the treatment of metastatic colorectal cancer and head and neck cancer. Cetuximab is a chimeric (mouse/human) monoclonal ant ...

, as well as, before becoming chief executive officer, making the consumer products and medical device divisions of Bristol successful. Dolan became CEO in May, 2001, replacing Charles Heimbold. Subsequently, Bristol was involved in a major financial scandal when, in the words of a

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

report, it "was accused of exaggerating revenue by $2 billion from 2000 to 2001 by coaxing wholesalers to buy far more of its drugs than they could hope to sell". The company avoided criminal charges by accepting probation in June 2005, and Dolan brought in former

United States federal judge In the United States, federal judges are judges who serve on courts established under Article Three of the U.S. Constitution. They include the chief justice and the associate justices of the U.S. Supreme Court, the circuit judges of the U.S. Cou ...

Frederick B. Lacey Frederick Bernard Lacey (September 9, 1920 – April 1, 2017) was a United States district judge of the United States District Court for the District of New Jersey. Education and career Lacey was born in Newark, New Jersey in 1920 to Frederic ...

to act as an adviser to Bristol. In 2006,

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

reported that Dolan was 250th in compensation among CEO's in the United States, earning a single year $5.54 million to make a five-year total of $17.80 million. In September 2006, Dolan was fired from Bristol on the recommendation of Lacey in response to a federal investigation that followed questions concerning the patenting of Plavix. Bristol was accused of attempting to prevent the marketing of a

generic Generic or generics may refer to: In business * Generic term, a common name used for a range or class of similar things not protected by trademark * Generic brand, a brand for a product that does not have an associated brand or trademark, other ...

competitor for the drug by entering into a secret, unlawful arrangement with

Canadian Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of ...

generic-manufacturer

Apotex Apotex Inc. is a Canadian pharmaceutical corporation. Founded in 1974 by Barry Sherman, the company is the largest producer of generic drugs in Canada, with annual sales exceeding . By 2016, Apotex employed over 10,000 people as one of Canada's ...

. The investigation centered around statements allegedly issued by Dr. Andrew Bodnar, who was an adviser to Dolan assigned to settle the situation with Apotex. A ''New York Times'' article from 2006 indicated that Lacey criticized Dolan for not properly communicating with the Bristol board about the situation. Bristol provided Dolan a

severance package A severance package is pay and benefits that employees may be entitled to receive when they leave employment at a company unwillfully. In addition to their remaining regular pay, it may include some of the following: * Any additional payment base ...

with a combined value of approximately $10.7 million, expressing appreciation for his service but also indicating that it held Dolan "accountable" as

for the Plavix incident. As of 2007, Dolan had not released an official comment on the Plavix situation, nor had he been charged in conjunction with the investigation.

Later career

In July, 2008, Dolan was appointed to the board of Gemin X Pharmaceuticals. and became CEO and chairman in 2009. Gemin X was sold to Cephalon for $225 million in March 2011 with an additional $300 million in future milestones. He founded a non-profit organization called ChildObesity 180, which has raised over $10 million in funding. He is on the board of a

Partnership for a Healthier America The Partnership for a Healthier America (PHA) is a nonprofit organization created in conjunction with - but separate from - former First Lady Michelle Obama's ''Let's Move!'' effort in 2010. PHA works with the private sector to transform t ...

, a non profit organization devoted to working with private industry on solving childhood obesity, and created in conjunction with First Lady Michelle Obama's

Let's Move! Let's Move! is a public health campaign in the United States led by First Lady Michelle Obama. The campaign aimed to reduce childhood obesity and encourage a healthy lifestyle in children. The initiative had the initially stated goal of "s ...

program. He has continued active ties with his alma maters. He serves as a

trustee Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility to t ...

at Tufts University and is now chairman of the board, also sitting on several committees. He is also a member of the board of overseers at the Tuck School of Business at Dartmouth. In 2013, he was elected as Tufts University chairman of the board, to take office in the fall.

References

{{DEFAULTSORT:Dolan, Peter R. 1956 births Living people American health care chief executives Tufts University alumni Bristol Myers Squibb people Businesspeople in the pharmaceutical industry Tuck School of Business alumni St. John's Preparatory School (Massachusetts) alumni