PDL BioPharma, Inc. announced upcoming changes to the Company’s Board of Directors. Elizabeth O’Farrell, a current independent director and the former Chief Procurement Officer at Eli Lilly and Company, has been named Chairperson of the Board, effective January 1, 2020. This follows the decision by Dr. Harold E. “Barry” Selick to retire from the Company’s Board at the end of the year due to his obligations as Vice Chancellor at the University of California, San Francisco. Additionally, Paul Sandman will not stand for reelection and will retire from the Board at PDL’s 2020 Annual Meeting of Stockholders. In conjunction with these changes to PDL’s Board, Elizabeth O’Farrell and Shlomo Yanai have been appointed chairpersons of the Compensation Committee and Nominating and Governance Committee, respectively. In addition, Natasha Hernday will join both the Compensation Committee and the Nominating and Governance Committee. All these appointments are effective January 1, 2020.