Emergent BioSolutions' chief financial officer named SmartCFO of the Year

ROCKVILLE, Md. — Emergent BioSolutions Inc. announced June 15, 2009, that Don Elsey, its chief financial officer and senior vice president of finance and administration, has been named 2009 SmartCFO of the Year by SmartCEO Magazine.

This award is based on votes from SmartCFO finalists selected from the Washington-Baltimore region in April for exhibiting exemplary skills in maintaining a company’s financial integrity.

“I am deeply honored to have received this recognition from my peers,” said Elsey, who has worked for more than 20 years in the finance and life sciences industries.

SmartCEO Magazine recognizes that “the role of a successful chief financial officer goes far beyond finance and numbers. While finance is the main area a CFO oversees, the CFOs profiled … are effective managers, visionaries and trusted advisers to the CEO and executive management team.”

“Don is definitely deserving of this award,” stated Fuad El Hibri, chairman and CEO of Emergent BioSolutions. “Our shared vision for growth supported by his steady stewardship of Emergent’s resources has contributed greatly to our company being recognized by Wall Street as one of the top performing biopharmaceutical companies.”

The selection criteria for a SmartCFO include having an overall positive impact on the company’s bottom line, a unique style of cash flow management, a strong adherence to ethics and morals, and success in mergers and acquisitions, among others.