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Founder, Chairman Quits SkyePharma Inc. (SKYE)


1/23/2006 10:44:08 AM

Ian Gowrie-Smith has resigned as chairman of SkyePharma in a bid to end the British drug-maker's recent acrimonious run-in with a group of disgruntled shareholders. Mr Gowrie-Smith, who founded SkyePharma 10 years ago, said he would also not be standing for re-election as a director of the company when it decides on his replacement at a board meeting at the beginning of next month. He has been non-executive chairman since 2004. His resignation follows a failed auction of SkyePharma at the end of last year and comes amid calls for his resignation from rebel shareholders.

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