Watson founder leaves board
From Times Wire Services
Watson Pharmaceuticals Inc.’s founder and former chief executive, Allen Y. Chao, has resigned from the board. He will be succeeded as chairman by Andrew L. Turner, a board member since 1997.
Chao, 62, resigned after the annual stockholder meeting “in order to pursue other business activities,” Watson said. Chao founded the Corona-based generic drug maker 25 years ago. He had been CEO from 1985 until September.
Turner, 61, founded EnduraCare Therapy Management Inc. in 2000.
