Schering-Plough Corporation Elects Tessa Hilado Vice President and Treasurer

KENILWORTH, N.J., May 21 /PRNewswire-FirstCall/ -- Schering-Plough Corporation today announced that Tessa Hilado is elected vice president and treasurer, Global Finance, effective May 19.

In this role, Hilado will be responsible for the strategic oversight and direction for the global Treasury function. She will report to Robert J. Bertolini, executive vice president and chief financial officer.

Hilado previously served as the assistant treasurer for General Motors Corporation (GM), where she was responsible for global funding, cash management, securitizations, foreign exchange, commodities, treasury information technology and various strategic financial initiatives at the company. Hilado joined GM in 1990 and held a variety of roles with increasing responsibility, including chief financial officer, General Motors Acceptance Corporation Commercial Finance, as well as positions in capital markets, business development, worldwide funding and pension analysis, and overseas financing.

Hilado holds a Bachelor of Science degree in engineering management from Ateneo De Manila University, Manila, Philippines, and a Master of Business Administration degree from the University of Virginia Darden Graduate School of Business.

Hilado succeeds E. Kevin Moore, who is retiring from Schering-Plough. Over his 15 years with the company, Moore has held various roles with increasing responsibility within the Treasury organization. He has been an integral part of the Treasury organization and has overseen the group's direction during many changes at the company. His leadership and guidance have been a tremendous asset to Schering-Plough.

Schering-Plough is an innovation-driven, science-centered global health care company. Through its own biopharmaceutical research and collaborations with partners, Schering-Plough creates therapies that help save and improve lives around the world. The company applies its research-and-development platform to human prescription and consumer products as well as to animal health products. Schering-Plough's vision is to "Earn Trust, Every Day" with the doctors, patients, customers and other stakeholders served by its colleagues around the world. The company is based in Kenilworth, N.J., and its Web site is http://www.schering-plough.com.

CONTACT: Media - Fred Malley, +1-908-298-7428, or Investor - Joseph
Romanelli, +1-908-298-7436

Web site: http://www.schering-plough.com/

Company News On-Call: http://www.prnewswire.com/comp/777050.html/

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