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King Pharma Names Markinson CEO

The Bristol, Tenn.-based company announced that Brian Markinson, who had been serving as the interim CEO after the sudden departure of former boss Jefferson Gregory, Jr. in mid-May, will be taking over as president, CEO and has been elected to the board of directors. Prior to joining King as COO in March 2004, Markinson was a 22-year veteran at Bristol-Myers Squibb (BMY:NYSE - news - research).

"Since joining King earlier this year, I have grown even more confident in the ability of our company and its employees to successfully enhance shareholder value as we more fully leverage the superb foundation and capabilities that our company has worked hard to establish," said Markinson, in a statement.

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