Michael Bonney
| Michael Bonney | |
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Bonney as chief executive of Cubist Pharmaceuticals
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| Born | Michael Weston Bonney |
| Residence | Boston, Massachusetts |
| Nationality | American |
| Alma mater | Bates College |
| Occupation |
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| Years active | 1984 - present |
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| Board member of |
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| Spouse(s) | Allison Grott Bonney |
Michael "Mike" Weston Bonney is an American businessman and pharmaceutical executive. Bonney was the president and chief executive officer of Cubist Pharmaceuticals, from 2003 until his retirement in 2014 coinciding with the company being acquired by Merck & Co. for $9.5 billion. He is currently a director of Celgene Limited and a partner at Third Rock Ventures.
Bonney, a native of the Greater Boston area, graduated from Bates College before entering the pharmaceutical industry. He was hired by Biogen in 1995 eventually becoming the company's vice president for Sales and Marketing. During his tenure at the company he developed Avonex, which was according to MarketWatch, one of the most successful drugs in biotechnology history. He was appointed the chief operating officer of Cubist Pharmaceuticals in 2003 and served in the position for one year before becoming chief executive. His tenure as CEO saw mixed profit levels, criticism, and increased market volatility as well as the development and release of Cubicin, the most profitable launch of an antibiotic in the history of the United States.
In 2002, Bonney was elected to the board of trustees of his alma mater, Bates College. His first eight years as trustee saw the election of the seventh and first female president of the college, Elaine Tuttle Hansen, the college's transition through the 2008 financial crisis, and after becoming the Chair of the board in 2010, helped select the first interim president of the college as well as its eighth president, Clayton Spencer. In 2016, Bonney along with his wife, Alison, gave the college a total of $10 million, which Bates at the time described as the largest donation by a single party in the history of the college. In 2017, Spencer announced that the Bonneys were giving the college another $50 million gift.
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