University Announces 2005 Charter Day Honoree Fred Hassan

Teaneck, NJ (June 1, 2005) --- Fairleigh Dickinson University’s 16th Annual Charter Day on June 10, 2005, will honor Fred Hassan, chairman of the board and chief executive officer of Schering-Plough Corporation. The Charter Day Award honors individuals who have distinguished themselves as outstanding leaders in their professions and their communities.

Proceeds from this event support academic scholarships for undergraduates at Fairleigh Dickinson. Charter Day Scholars are students who exhibit significant leadership on campus and in the larger community, who maintain the highest academic standards and show a personal commitment to developing the same leadership qualities Charter Day honorees have shown.

The 2005 honoree, Fred Hassan, is chairman of the board and chief executive officer of Schering-Plough Corporation, a global science-based health care company with leading prescription, consumer and animal health products headquartered in New Jersey. Through internal research and collaborations with partners, Schering-Plough discovers, develops, manufactures and markets advanced drug therapies to meet important medical needs. Schering-Plough's vision is to earn the trust of the physicians, patients and customers served by its more than 30,000 people around the world.

Mr. Hassan assumed the role of chairman and CEO of Schering-Plough in April 2003.

Prior to joining Schering-Plough, Mr. Hassan was chairman and chief executive officer of Pharmacia Corporation. He joined the former Pharmacia & Upjohn in May 1997 as chief executive officer and was elected to the Board of Directors. In February 2001, Mr. Hassan was named chairman of the Board of Pharmacia, the company created through the merger of the former Monsanto and Pharmacia & Upjohn companies.

Previously, Mr. Hassan was executive vice president of Wyeth, formerly known as American Home Products, with responsibility for its pharmaceutical and medical products business. He was elected to Wyeth's Board of Directors in 1995. Earlier in his career, Mr. Hassan spent 17 years with Sandoz Pharmaceuticals (now Novartis) and headed its U.S. pharmaceuticals business.

Mr. Hassan received a B.S. degree in chemical engineering from the Imperial College of Science and Technology at the University of London and an M.B.A. from Harvard Business School.

Mr. Hassan is the past chairman of the Board of Directors of the Pharmaceutical Research and Manufacturers of America (PhRMA) and is the immediate past chairman of the HealthCare Institute of New Jersey. In addition, he serves on the Board of Directors of Avon Products, Inc.

Since 1990, Charter Day activities have raised $4 million in scholarship assistance for more than 600 deserving students. The success of Charter Day is due to the support of corporations, foundations, alumni and friends of the University and to the dedication of the members of the Executive Dinner Committee, chaired this year by Anthony J. Cuti, Chairman, CEO and President, Duane Reade Inc., and Robert M. Hallenbeck, Esq., Vice President, Business Development and Strategic Investments, BD.


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Fairleigh Dickinson University

Gretchen Johnson

Office of Public Relations
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