NEW YORK: Robert Zito, the former EVP of communications at the New York Stock Exchange, has been appointed SVP of corporate affairs at pharmaceutical giant Bristol-Myers Squibb.
The position is the top corporate affairs post at Bristol-Myers, said Tracy Furey, the company's senior director of corporate affairs. Zito starts July 21.
Furey said she could not discuss any other details about Zito's appointment, which has not been announced internally or externally but was reported last week in The Star-Ledger newspaper of Newark, NJ.
Zito told PRWeek he was contacted by a recruiter from Bristol-Myers after the announcement of Tutwiler's appointment.
"It was just an opportunity too good to pass up," said Zito, who owns shares of Bristol-Myers.
He said he could not yet discuss the details of his new job.
Zito left the NYSE several weeks ago to make room for Margaret Tutwiler, the Bush administration's undersecretary of state for public diplomacy and public affairs, who was appointed to Zito's post without his input. Monday is expected to be Tutwiler's first day at the exchange.
Former NYSE chairman and CEO Richard Grasso appointed Zito as EVP in February 2001. When Grasso left the exchange in September over controversy surrounding his $197-million retirement package, Zito's future with the NYSE was thrown into question.
At New York-based Bristol-Myers, Zito replaces John Skule, who left in March.