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Dr. Laurence Paul was elected Director of Biovail Corporation in June 2002. Dr. Paul is a founding principal Laurel Crown Capital LLC a leveraged buyout and principal investment company based in Santa Monica CA. Prior to his work at Laurel Crown and its predecessor Dr. Paul was a managing director at Donaldson Lufkin Jenrette Inc. (DLJ) a New York-based securities and brokerage firm and then Credit Suisse First Boston after its purchase of DLJ. At DLJ Dr. Paul was responsible for building and overseeing much of the firm’s effort in the life-sciences sector. Dr. Paul received his B.A. and M.D. degrees from Harvard University and subsequently received his M.B.A. from Stanford University. Dr. Paul also sits on the boards of Morton’s Restaurant Group Ampco-Pittsburgh Corp. Harvard Medical School the Biomedical Services Division of the American Red Cross and the Los Angeles Chapter of the American Red Cross. | 