Purdue Research Foundation Adds Former Lilly Exec
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Purdue Research Foundation in West Lafayette has named Brian Edelman chief financial officer and treasurer. He previously served as vice president of corporate finance and investment banking for Indianapolis-based Eli Lilly and Co. (NYSE: LLY). March 2, 2015
News Release
WEST LAFAYETTE, Ind. – Brian E. Edelman has been named Purdue Research Foundation's chief financial officer and treasurer, officials announced March 2.
Edelman has more than 30 years of leadership and finance expertise. While at Eli Lilly and Co., Edelman served as the vice president of corporate finance and investment banking, and was responsible for closing more than $20 billion in transactions including divestitures, buy-side auctions, joint ventures, in-licensing and cross-border transactions. He also was responsible for the company's finance, treasury, corporate strategy, business development and research laboratories strategy.
“Brian brings a wealth of knowledge and experience to this position, and his ability to build consensus and close transactions involving many different partners is important for our short- and long-term goals,” said Dan Hasler, president of Purdue Research Foundation.
“There also are many ongoing strategic initiatives at the foundation and Purdue University, and Brian's broad understanding of how a complex organization operates and his proven track record of achieving positive outcomes is a tremendous asset for us.”
Reporting to Edelman will be the areas of finance and investment, real estate transactions and information systems. He also will oversee the operations of the Chao Center for Industrial Pharmacy & Contract Manufacturing, a pharmaceutical manufacturing facility based in the Purdue Research Park of West Lafayette that produces and distributes legacy and orphan drugs for niche markets.
“It is an exciting time to be at the Purdue Research Foundation and Purdue University. Already recognized as an internationally respected brand, the past three years has been a time of great advancement taking place at both entities,” Edelman said. “I look forward to supporting and advancing the established goals and to working with the people at the foundation to create new strategies and further advance the foundation's mission of serving the university.”
Edelman earned a bachelor's degree from Wabash College and an MBA from the Purdue Krannert School of Management.
About Purdue Research Foundation
The Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. Established in 1930, the foundation accepts gifts; administers trusts; funds scholarships and grants; acquires property; protects Purdue's intellectual property; and promotes entrepreneurial activities on behalf of Purdue. The foundation manages the Purdue Foundry, Purdue Office of Technology Commercialization, Purdue Research Park and Purdue Technology Centers. The foundation received the 2014 Incubator Network of the Year by the National Business Incubation Association for its work in entrepreneurship. For more information about funding and investment opportunities in startups based on a Purdue innovation, contact the Purdue Foundry at foundry@prf.org
Source: Purdue Research Foundation