New chief financial officer for Mylan

Kenneth S. Parks has become chief financial officer for Mylan N.V. According to executives, Parks joins Mylan with more than 30 years of corporate finance experience, including responsibilities across financial planning, accounting, investor relations, treasury, tax and information technology.

“Mylan’s dynamic business and unique culture, strong track record of growth and value-creation, and exciting outlook for the future make this an exceptional opportunity,” Parks says. “I look forward to joining Mylan’s leadership team and working with Mylan’s experienced finance organization to bring value to the organization and contribute to its future success in providing the world’s population with access to high quality medicine.”

Parks served as senior VP and chief financial officer for WESCO International, a leading provider of electrical, industrial and communication products, where he led all aspects of the finance function.

Before WESCO, Parks spent the majority of his career at United Technologies Corporation in a variety of U.S. and international finance roles. He most recently served as VP, finance, for the $7 billion UTC Fire & Security division. Prior to this, he served as director of Investor Relations with responsibility for leading the IR function at UTC. Parks also held several roles at UTC’s $10 billion Carrier Corporation division including director of Financial Planning and Analysis and VP of Operations Finance. He spent four years in Paris as controller and then as director, FP&A for Carrier’s European, Middle East, and Africa operations.

According to Mylan CEO Heather Bresch, “Ken is a proven finance leader with an impressive track record operating in complex, global cultures and manufacturing environments. He has extensive experience working in a public company setting, including capabilities developing strong relationships with investors and financial analysts. Ken has successfully led organizations through numerous periods of change, including overseeing significant acquisitions, expansion into emerging markets and restructurings. In addition to his strong experience and leadership capabilities, Ken brings to Mylan deep functional expertise and technical knowledge and we believe he will be a great asset to our business and finance team.”

As a member of Mylan’s executive leadership team, Parks will be responsible for all of Mylan’s global finance functions including accounting and control, financial planning and analysis, investor relations, treasury, and tax.