In a statement, the firm's managing director, Mark Pacala says that Katen is "arguably one of the most accomplished and successful pharmaceutical executives in the world. We are thrilled with the prospect of her contributions to the firm. She will add immensely to the quality of our investments.â€
What does a senior advisor do? In this case, Katen will 'contribute' to the overall leadership of the firm, including initiating and evaluating new investment opportunities. UPDATE: Pacala just called us and says the advisory role is a part-time gig, but preferred not to discuss any 'financial arrangements.' Nonetheless, he adds that Katen is "entertaining many possibilities" concerning ways to spend her time and, no doubt, invest her severance.