Wednesday 5 February 2003

Appointment of Mrs Claire Giraut as Chief Financial Officer of the Beaufour Ipsen Group

Paris, 5 February 2003 — Mrs Claire Giraut was appointed Chief Financial Officer of the Beaufour Ipsen Group and, as Group Vice-President, Finance, Member of the Executive Committee.

The Company Secretary and the Head of Group’s Information Systems (MIS) will also report directly to Mrs Giraut.


Mrs Claire Giraut, 46, qualified as a Biotech Engineer. Her career has mainly been in Finance. Among her most recent assignments, she was Senior Executive VP Finance of the Coflexip Stena Offshore Group, world leader in subsea oil services, listed in France and in the USA.

About Beaufour Ipsen

Present in over 80 countries with a total staff of 3423, the Beaufour Ipsen Group had a turnover of €704 million in 2001, 57% of which was outside France.

The Group develops products for four targeted disease area franchises: oncology, endocrinology, neurology and haematology. It currently has a portfolio of 30 products on the market which are either peptides, derived from biotechnology, or products based on natural sources. In 2001, 16.4% of Beaufour Ipsen's turnover was reinvested in Research and Development, which is carried out in four research centres (Paris, Boston, Barcelona and London) by an international network of around 500 scientific staff.

The Group’s website is www.beaufour-ipsen.com


Source: Ipsen