With Ackman's Blessing, Actavis Chairman Joins Zoetis Board

Zoetis Inc. named the chairman of drugmaker Actavis Plc to its board in an agreement the animal-health company reached with activist shareholder Bill Ackman.

With the addition of Paul Bisaro, who will serve on the compensation committee, Zoetis’s board will expand to 11 members. At Actavis, Bisaro has overseen a series of acquisitions to forge one of the biggest companies in the pharmaceutical industry.

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