Salveson Stetson Group Launches Life Sciences Practice

Monday; January 26, 2009

RADNOR, PA – January 26, 2009 – Salveson Stetson Group and Korban Associates announce the formation of a new Life Sciences Practice. The practice will operate under the Salveson Stetson Group name.

“We are delighted to welcome the employees of Korban Associates into our firm and look forward to capitalizing on their strong and deep expertise in the pharmaceutical, biotech, medical device and diagnostics sectors,” said John Salveson, a principal with Salveson Stetson Group. “Life Sciences is a large and rapidly growing sector of the global economy with unique and highly specialized talent requirements. We are delighted to be able to offer our clients this added expertise.”

Richard O. Korban, who founded Korban Associates in 1995, said: “Our approach to business and client service is very similar to Salveson Stetson’s. We believe our clients will benefit greatly from having the additional resources of a larger multi-specialty retained search firm to support us. Based on relationships dating back to the early 1990s, I know that we share the same values and principles, including high quality service, client focus and transparency in our business dealings.”

Dick Korban will become Vice President of the Life Sciences Practice at Salveson Stetson Group. Michael MacNamara and Nancy Kovach will join Salveson Stetson from Korban Associates.

The practice will concentrate on recruiting executive-level professionals for positions in the following areas:

• Corporate Management
• Discovery Research
• Preclinical Development
• Clinical Research
• Medical Affairs
• Regulatory Affairs
• Quality Assurance
• Commercial Operations
• Medical Device Engineering/Development
• Manufacturing and Technical Operations

Clients of Korban Associates include: Novartis Pharmaceuticals, Sanofi-aventis, Siemens Healthcare Diagnostics and numerous development-stage, venture-backed companies.

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About Salveson Stetson Group

Salveson Stetson Group (www.ssgsearch.com) is a full-service retained executive search firm founded in 1996. Specializing in $150,000+ salaried positions, Salveson Stetson Group places executives at organizations ranging from Fortune 500 companies to non-profit entities. The company is based in suburban Philadelphia.

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