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Business Big Shot: Jeffrey Kindler


Business The Times January 22, 2007 Business big shot: Jeffrey Kindler Robin Pagnamenta Today Jeffrey Kindler will reveal a drastic course of treatment for the world’s biggest drugmaker. The producer of Lipitor and Viagra is seeking to slim down to cope with a dearth of big new drugs.

Mr Kindler, 51, was appointed chairman and chief executive of Pfizer last year. Born in Florida and raised in New Jersey, Mr Kindler, a former editor of the Harvard Law Review, began his career as a lawyer at the Federal Communications Commission.

After a stint as a law clerk to the US Supreme Court Justice William J. Brennan Jr, Mr Kindler moved to General Electric as vice-president of litigation and legal policy. Then he joined McDonald’s as executive vice-president and general counsel. At the fast-food giant he was instrumental in establishing a pro bono legal services programme that became a model across corporate America.

Mr Kindler made his move into management at McDonald’s as president of partner brands, a role in which he oversaw more than 50,000 employees at chains including Chipotle Mexican Grill and Pret A Manger.

He joined Pfizer in 2002 as executive vice-president and general counsel with responsibility for the legal division. He was named vice-chairman in 2005, joining the company’s four-person executive committee and assuming responsibility for Pfizer’s corporate affairs division.

However, analysts argue that the cost-cuts that Mr Kindler is expected to announce will take Pifzer only so far. What is really needed, they say, is a new tonic that can pep up Pfizer’s top line — rather like Viagra did in 1998.

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