Embattled OxyContin maker Purdue Pharma hired Steve Miller, a famous figure in corporate restructuring, to head its board as the drugmaker seeks to overhaul its business and distance itself from the U.S. opioid crisis, Bloomberg reports.
Here are six things to know:
1. Miller became chairman of the company’s board July 24.
2. He authored a 2008 memoir, “The Turnaround Kid: What I Learned Rescuing America’s Most Troubled Companies,” after he helped autoparts maker Delphi Corp. through bankruptcy and served as chairman of insurer American International Group as the company repaid its federal bailout….
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