Wednesday, Oct 21, 1981
South San Francisco, Calif. -- October 21, 1981 --David Packard, Chairman of the Board of Hewlett-Packard Company and former Deputy Secretary of Defense, has been elected a member of the Board of Directors of Genentech, Inc., it was announced today.
Robert A. Swanson, President of Genentech, stated, "Mr. Packard, as a co-founder of Hewlett-Packard Company played a key role in his company's successful transition from a relatively small organization into a major industry leader. We welcome the benefit of his experience as Genentech progresses toward similar status."
Mr. Packard served as Deputy Secretary of Defense from 1969 to 1971 and is presently director of Caterpillar Tractor Company, Standard Oil Company of California and Boeing Company.
An alumnus of Stanford University, Mr. Packard is also Chairman of the Board of Regents of the Uniformed Services University of the Health Sciences and a member of the Board of Overseers of the Hoover Institution.
He is a trustee of the American Enterprise Institute and the Herbert Hoover Foundation, and a member of the Atlantic Council, the National Academy of Engineering, the Business Council, the Business Roundtable, the California Roundtable and the Woodrow Wilson International Center for Scholars.
Genentech is a leader in the application of recombinant DNA technology, which involves genetically altering micro-organisms to produce specific substances. Genentech is developing products for the pharmaceutical, agricultural, and industrial-chemical markets. These include interferons, human growth hormone, and human insulin, all of which are in advanced stages of human clinical study. Two products for the agricultural industry, bovine growth hormone and a vaccine against foot- and-mouth disease, have been announced to date. The Company's headquarters are located in South San Francisco.
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