William C. Steere, Jr.

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William C. Steere, Jr.
Born (1936-06-17) June 17, 1936 (age 85)
Education Stanford University (1959)
Known forFormer Pfizer CEO
Spouse(s)Lynda Gay Powers (m. January 29, 1957)
Children3 sons
Parent(s)

William C. Steere, Jr. (born June 17, 1936) is a former chief executive officer of Pfizer. He is also a member of the board of directors of the New York Botanical Garden. [1] While Steere was CEO of Pfizer, the company acquired Warner-Lambert and brought to market blockbuster drugs including Viagra, Zoloft, and Zithromax. [2] His decision to triple research expenditures in 8 years, to $2.2 billion, was cited as a reason for the prosperity of Pfizer during his tenure, [3] a period in which sales of the company doubled. [4]

Contents

Early life and education

Steere was born in 1936 in Ann Arbor, Michigan. [5] Steere's father, William C. Steere, was an American botanist known as an expert on bryophytes. In 1959, Steere graduated from Stanford University with a B.S. in Biology. [1]

Career

Upon graduation in 1959, Steere began a career at Pfizer as a medical service representative. [5] He became Director of Marketing for Pfizer Latin America in 1969. [5] In 1972, he became Vice President-General Manager of Roerig, a division of Pfizer Pharmaceuticals. [5] He became vice president of Pfizer Laboratories in 1980, Corporate Vice President of Pfizer in 1983, President of Pfizer Pharmaceuticals in 1986, [5] President of Pfizer in 1990 and chief executive officer in 1991 from 2001. In 2011, he retired from the board of directors of the company. [2]

Board memberships

Between 1997 and 2007, Steele was a member of the board of directors of Dow Jones & Company. [6] From 1999 to 2010, he was a member of the board of directors of MetLife. [7]

Steere was a member of the executive committee of the Pharmaceutical Research and Manufacturers of America; a member of the board of overseers of the Memorial Sloan-Kettering Cancer Center and of The Business Roundtable; and a director of the Council on Competitiveness, the New York University Medical Center, WNET, The Business Council, Texaco, and the New York Botanical Garden. He served as a class B director of the Federal Reserve Bank of New York, having been elected for a three-year term ending December 31, 1995. [5]

Personal life

Steele married Lynda Gay Powers on January 29, 1957. They have 3 sons.

While working at Pfizer, Steele resided in Darien, Connecticut. [8]

Steele enjoys scuba diving and spearfishing and lives in Bonita Springs, Florida, where he owns a boat and a marina. [4]

Steele has made campaign contributions, most of which were to members of the Republican Party. [9]

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References

  1. 1 2 "WILLIAM AND LYNDA STEERE". New York Botanical Garden.
  2. 1 2 Day, Lee Howard (March 25, 2011). "Pfizer past CEO Steere, a key company builder, retires from its board". The Day .
  3. ↑ HATHAWAY, WILLIAM (December 29, 1998). "PFIZER NAMED FORBES' COMPANY OF YEAR" . Hartford Courant .
  4. 1 2 Petersen, Melody (August 11, 2000). "Pfizer Chief to Retire, Leaving Successor Hard Act to Follow" . The New York Times .
  5. 1 2 3 4 5 6 "Full text of Federal Reserve Bank of New York Circulars : 10810. Nomination of Directors". FRASER. November 9, 1995.
  6. ↑ "Dow Jones to Nominate New Chairman" . The Wall Street Journal . February 22, 2007.
  7. ↑ "METLIFE BOARD ELECTS CHERYL W. GRISÉ AS LEAD DIRECTOR" (Press release). MetLife. January 27, 2010.
  8. ↑ Freudenheim, Milt (November 21, 1990). "BUSINESS PEOPLE; Sales Executive Picked To Be Pfizer President". The New York Times .
  9. ↑ "William Steere Political Campaign Contributions". CampaignMoney.com.
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