UNION CITY, Calif.--(BUSINESS WIRE)--Feb. 23, 2005--Questcor Pharmaceuticals, Inc. (AMEX:QSC), a specialty pharmaceutical company, today announced the appointment of Mr. James L. Fares as President and Chief Executive Officer. Mr. Fares has also been appointed a member of Questcor’s Board of Directors. “The Board sought an accomplished pharmaceutical executive with substantial expertise in selling and marketing pharmaceutical products,” explained Al Hansen, Chairman of the Board. “Additionally, the Board assessed each candidate’s track record and capability to think creatively about Questcor’s business. Such skills are critical in developing and executing a successful long-term strategy for a specialty pharmaceutical business. We looked for a talented executive who understood the specialty pharmaceutical market and had demonstrated the leadership skills necessary to create shareholder value. We believe that in Jim Fares we have found that executive. His successful track record in sales, marketing, business development, and general management, coupled with his energy and enthusiasm for pharmaceuticals, convinced us that we had found the right individual to lead Questcor.”
