This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

John P. Dugan, Founder And Chairman Of PDI, Inc., To Retire

PARSIPPANY, N.J., April 15 /PRNewswire-FirstCall/ -- PDI, Inc. (Nasdaq: PDII), a leading provider of sales and marketing support to U.S. health care companies, announced the retirement of John P. ("Pat") Dugan, Chairman of the Board of Directors. Dugan's retirement is effective June 3, 2010.

Dugan, age 74, founded Professional Detailing, Inc., in 1987 as a division of Dugan Farley Advertising. The goal of the newly formed division was to create high-quality outsourcing detail teams for pharmaceutical company clients for both prescription and over-the-counter brands. In 1990, PDI, Inc., spun off from the agency and John Dugan became the sole owner until taking the company public in 1998. In 2001, the company changed its name to PDI.

" Pat Dugan is truly a pioneer in our industry," said Nancy Lurker, Chief Executive Officer of PDI, Inc. "Because of Pat's strategic vision and creativity many years ago, PDI is well positioned and respected today as a leading provider of outsourced promotional services with a reputation for providing our clients with unparalleled impact and return on investment. The many successes that we are now experiencing in helping our clients manage their product portfolios and reshape their commercial opportunities would not have been possible without Pat's extraordinary leadership over the past 23 years."

Dugan began his career as a sales associate with Pfizer in 1961 and later went on to receive an MBA degree from Boston University in 1964. He is the founder of the Medical Advertising Agency Association and served as its president. He also served on the Board of Directors of the Pharmaceutical Advertising Council (now known as the Healthcare Marketing Communications Council, Inc.).

Dugan and his wife, Marion, have been active leaders for many years in various philanthropic activities. They were recently honored by the Hudson Valley Hospital Center for their many years of service, including Mr. Dugan's role as a board member. The Dugans also founded and are co-chairs of the highly respected Charity Navigator website launched in 2001. This site evaluates the financial health of more than 5,000 American charitable organizations and has been included in best website lists in Time, Forbes, PC World, Reader's Digest, BusinessWeek, Kiplinger's and Esquire.

"I have thoroughly enjoyed and benefited from my partnership with Pat since joining PDI in November 2008," said CEO Lurker. "Pat's guidance and wise counsel have been incredibly helpful as we worked closely together with other members of the Board and our senior leadership team to transform the company to respond to the new challenges and opportunities that face the healthcare industry today. Personally and professionally, I will miss working with Pat, but I know he has prepared us well to capitalize on the new dynamic environment in which we are now operating. On behalf of the entire PDI organization, I would like to thank Pat for his many contributions and wish him a rewarding and happy retirement."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs