Patheon announces change to its Board of Directors

Patheon Inc. (TSX: PTI), a leading provider of contract development and manufacturing services to the global pharmaceutical industry, is pleased to announce the appointment of Michel Lagarde, Principal, JLL Partners, to its Board of Directors.

Dec 22nd, 2011

Mr. Lagarde replaces Thomas S. Taylor, Managing Director, JLL Partners, who is leaving the Board today. Mr. Lagarde will replace Mr. Taylor as the Chairman of Patheon's Compensation and Human Resources Committee and will be a member of Patheon's Audit and Corporate Governance Committees.

Mr. Lagarde joined JLL Partners in 2008. He was previously the CEO and CFO of the Domestic Appliances and Personal Care division of Philips Electronics North America. He also held positions as CFO of Philips Electronics Indonesia and Financial Controller of Philips Electronics Hong Kong. Mr. Lagarde currently serves on the Boards of ACE Cash Express and SOS Children's Villages - USA. He received a B.B.A from European University Antwerp and an Executive Master in Finance and Control from the University of Amsterdam.

Mr. Taylor remains with JLL Partners as Managing Director and is actively involved advising other JLL Partner portfolio companies.

Patheon

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