NVAX: Director Doubles Stake

Novavax Appoints Gail Boudreaux to Board

GAITHERSBURG, Md., June 18, 2015 (GLOBE NEWSWIRE) -- Novavax, Inc., (Nasdaq:NVAX) a clinical-stage vaccine company focused on the discovery, development and commercialization of recombinant nanoparticle vaccines and adjuvants, today announced the appointment of Gail K. Boudreaux to its Board of Directors.

“We are delighted to welcome Gail to Novavax’ Board,” said Stanley C. Erck, President and CEO of Novavax. “Her outstanding leadership and business experience will be important to our continued growth and success. Gail’s insight on health payors will be particularly important as we continue to move towards commercialization of our vaccines.”

Ms. Boudreaux most recently served as the Executive Vice President of UnitedHealth Group from May 2008 until February 2015 and was the Chief Executive Officer of UnitedHealthcare from January 2011 to November 2014. Her extensive experience includes more than 30 years of service across a broad spectrum of health care operations. Ms. Boudreaux is currently a director of Zimmer Holdings, Inc. and Xcel Energy Inc. and a trustee of Dartmouth College. Ms. Boudreaux holds a Master of Business Administration degree in finance and health care administration from the Columbia Business School and a bachelor’s degree in psychology from Dartmouth College. She has been honored as one of Fortune’s 50 Most Powerful Women in American Business for the last six years and was recognized by Modern Healthcare as one of the Top 25 Women in Healthcare.

“I am very happy to be joining Novavax at such an exciting time,” said Ms. Boudreaux. “I look forward to helping the company achieve its goal to develop and deliver safe and effective vaccines to improve global heath."



Gail Koziara Boudreaux '82

Lake Forest, Illinois

Elected 2011 (Alumni Trustee)
A.B. Dartmouth College
M.B.A. Columbia University

Gail Boudreaux is the Chief Executive Officer of GKB Global Health, LLC a healthcare strategy and business advisory firm she founded in 2015. Boudreaux is the former Chief Executive Officer of UnitedHealthcare, where she was responsible for the largest business division of UnitedHealth Group and the largest benefits provider in the nation, serving 45 million individuals with revenue of approximately $120 billion and a workforce of more than 60,000 employees. During Boudreaux’s tenure, United Healthcare was the fastest growing health benefits company in the industry, growing organically by more than 8 million members in 5 years. Before joining UnitedHealthcare, Boudreaux served as Executive Vice President, External Operations for Health Care Service Corporation and 20 years at Aetna holding a number of regional and national leadership positions.

Boudreaux was honored from 2008 to 2014 as one of Fortune's 50 Most Powerful Women in American Business. Additionally, she was named to the Forbes 100 Most Powerful Women in The World list and was recognized by the Minneapolis/St. Paul Business Journal as one of the top 25 industry leaders and included on Today’s Chicago Woman list of 100 Women of Influence. Boudreaux was also named by Modern Healthcare as one of the Most Powerful People in Healthcare.

Boudreaux serves on the Board of Trustees of the Field Museum of Chicago and is a member of the Chicago Network, an organization of Chicago's most influential women. She currently serves on the Board of Directors for Xcel Energy, Inc., Zimmer Biomet Holdings, Inc., and Novavax, Inc. She is the chair of the Excel Energy Operations, Nuclear, and Environment and Safety Committee.

Boudreaux earned a BA with honors from Dartmouth College and an MBA with distinction in Finance and Health Care Administration from Columbia Business School. While at Dartmouth, she was a highly-honored member of the women's basketball team. In 1999, she was named to the Ivy League's 25-year anniversary team in basketball and Dartmouth College's 25-year anniversary teams in both basketball and track & field. In 2003, Boudreaux was inducted into the New England Basketball Hall of Fame and was one of six individuals nationally to receive the NCAA's Silver Anniversary Award for outstanding professionalism and athletic achievement.

Gail is married to Terry Boudreaux and has two sons.

Probably not stupid. Probably not throwing money away.

Must think she knows something.