William C. Steere Jr. Explained

William C. Steere Jr.
Birth Date:17 June 1936
Education:Stanford University (1959)
Known For:Former Pfizer CEO
Father:William C. Steere
Spouse:Lynda Gay Powers (m. January 29, 1957)
Children:3 sons

William C. Steere Jr. (born June 17, 1936) is a former chief executive officer of Pfizer. He is also a member of the board of directors of the New York Botanical Garden.[1] While Steere was CEO of Pfizer, the company acquired Warner-Lambert and brought to market blockbuster drugs including Viagra, Zoloft, and Zithromax. His decision to triple research expenditures in 8 years, to $2.2 billion, was cited as a reason for the prosperity of Pfizer during his tenure,[2] a period in which sales of the company doubled.[3]

Early life and education

Steere was born in 1936 in Ann Arbor, Michigan.[4] Steere's father, William C. Steere, was an American botanist known as an expert on bryophytes. In 1959, Steere graduated from Stanford University with a B.S. in Biology.[1]

Career

Upon graduation in 1959, Steere began a career at Pfizer as a medical service representative.[4] He became Director of Marketing for Pfizer Latin America in 1969.[4] In 1972, he became Vice President-General Manager of Roerig, a division of PfizerPharmaceuticals.[4] He became vice president of Pfizer Laboratories in 1980, Corporate Vice President of Pfizer in 1983, President of Pfizer Pharmaceuticals in 1986,[4] President of Pfizer in 1990 and chief executive officer from 1991 to 2000. In 2011, he retired from the board of directors of the company.[5]

Board memberships

Between 1997 and 2007, Steere was a member of the board of directors of Dow Jones & Company.[6] From 1999 to 2010, he was a member of the board of directors of MetLife.[7]

Steere was a member of the executive committee of the Pharmaceutical Research and Manufacturers of America; a member of the board of overseers of the Memorial Sloan-Kettering Cancer Center and of The Business Roundtable; and a director of the Council on Competitiveness, the New York University Medical Center, WNET, The Business Council, Texaco, and the New York Botanical Garden. He served as a class B director of the Federal Reserve Bank of New York, having been elected for a three-year term ending December 31, 1995.[4]

Personal life

Steere married Lynda Gay Powers on January 29, 1957. They have 3 sons.

While working at Pfizer, Steere resided in Darien, Connecticut.[8]

Steere enjoys scuba diving and spearfishing and lives in Bonita Springs, Florida, where he owns a boat and a marina.[3]

Steere has made campaign contributions, most of which were to members of the Republican Party.[9]

Notes and References

  1. Web site: WILLIAM AND LYNDA STEERE . New York Botanical Garden.
  2. News: PFIZER NAMED FORBES' COMPANY OF YEAR . WILLIAM . HATHAWAY . . December 29, 1998 . limited.
  3. News: Pfizer Chief to Retire, Leaving Successor Hard Act to Follow . Melody . Petersen . . August 11, 2000 . limited.
  4. Web site: Full text of Federal Reserve Bank of New York Circulars : 10810. Nomination of Directors . . November 9, 1995.
  5. News: Pfizer past CEO Steere, a key company builder, retires from its board . Lee Howard . Day . . March 25, 2011.
  6. News: Dow Jones to Nominate New Chairman . . February 22, 2007 . subscription.
  7. METLIFE BOARD ELECTS CHERYL W. GRISÉ AS LEAD DIRECTOR . . January 27, 2010.
  8. News: BUSINESS PEOPLE; Sales Executive Picked To Be Pfizer President . Milt . Freudenheim . . November 21, 1990.
  9. Web site: William Steere Political Campaign Contributions . CampaignMoney.com.