SCHERING-PLOUGH CHAIRMAN/CEO FRED HASSAN NAMED NEW PRESIDENT OF IFPMA

Schering-Plough Corporation announced that Fred Hassan, chairman and CEO, was named president of the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) at its biennial statutory meeting in Geneva. His term of office begins immediately and extends until the fall of 2008. Hassan succeeds Daniel Vasella, M.D., chairman and CEO of Novartis, who served as IFPMA president from 2004-2006. Yahoo Finance (http://biz.yahoo.com/prnews/061012/nyth191.html?.v=34)