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Mark Organisak
Vice President Tax and Treasury
ARIAD Pharmaceuticals, Inc.
Cambridge, Massachusetts, USA
Corporation - Publicly-Held
Professional Summary
Mark is an attorney and CPA with with over 30 years of domestic and international tax planning and transfer pricing experience. He spent 20 years with PricewaterhouseCoopers, including 10 years as a partner working with technology and life sciences companies and as a member of the International Tax practice. Mark started his career in Pittsburgh, and then worked in the Tokyo and Hong Kong offices with PwC's largest and most sophisticated clients in the Asia region. In 1995, he moved to the Boston office's technology practice at the start of the tech boom. He advised clients on their IPOs, international structuring and transfer pricing.
As a corporate tax professional, he worked as Senior Director for International Tax Planning at Covidien plc, an $11 billion medical devices and pharmaceutical company with an Irish parent and significant European IP and finance structures. (Covidien was acquired by Medtronic in 2015).
Currently, Mark is now Vice President of Tax and Treasury at ARIAD Pharmaceuticals, Inc., a global oncology company,
Mark has a breadth of experience in all areas of domestic US corporate tax, with deep international skills in IP planning, principal company structures and developing transfer pricing policies and documentation. He is also responsible for global tax compliance, ASC 740 tax reporting and tax provision calculations and FIN 48 analysis.
As a corporate tax professional, he worked as Senior Director for International Tax Planning at Covidien plc, an $11 billion medical devices and pharmaceutical company with an Irish parent and significant European IP and finance structures. (Covidien was acquired by Medtronic in 2015).
Currently, Mark is now Vice President of Tax and Treasury at ARIAD Pharmaceuticals, Inc., a global oncology company,
Mark has a breadth of experience in all areas of domestic US corporate tax, with deep international skills in IP planning, principal company structures and developing transfer pricing policies and documentation. He is also responsible for global tax compliance, ASC 740 tax reporting and tax provision calculations and FIN 48 analysis.
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Languages
- English
Industry Experience
- Biotechnology
- Management Consulting Services
- Medical Devices, Supplies
- Financial Services
- Biotechnology
Interests/Hobbies
- Golf
- Tennis
Birthday
April 12Social Media
Experience
ARIAD Pharmaceuticals, Inc.
Cambridge, Massachusetts, USA 02139
Cambridge, Massachusetts, USA 02139
Vice President Tax and Treasury
Corporation - Publicly-Held
2013 - Present
Member of senior Finance team reporting to CFO, tasked with building the tax and treasury functions at the commercial launch of this biotech’s first product in January 2013. Responsible for all areas of global tax and treasury planning, including implementing the Swiss principal and IP structure, developing transfer pricing policies and all TP documentation for 20 newly incorporated foreign entities. Manage all tax accounting, including tax provision, SEC disclosures and footnotes, tax compliance and tax audits for federal, state and foreign returns. E
Ensure all planning is aligned with SEC reporting, FP&A, Business Development, IP and Legal.
Executed cash pooling arrangement for the EU group. Part of the finance team that executed a $200 million convertible debt offering, $100 million royalty financing, and numerous third party international distributor agreements.
Ensure all planning is aligned with SEC reporting, FP&A, Business Development, IP and Legal.
Executed cash pooling arrangement for the EU group. Part of the finance team that executed a $200 million convertible debt offering, $100 million royalty financing, and numerous third party international distributor agreements.
The Boston Consulting Group
Boston, USA
Boston, USA
Head of Partner Operations
Partnership
2012 - 2013
Responsible for partner compensation and equity plans for over 700 members in 45 countries for this global partnership with over $4 billion of revenue. Managed a group of six staff that collected inputs, calculated and communicated partner compensation and share class returns Prepared and executed legal documents related to partner admissions, equity grants and sale transactions. Worked on special projects, such as preparing for the potential breakup of the Eurozone.
Covidien plc
Mansfield, Massachusetts, USA
Mansfield, Massachusetts, USA
Senior Director - International Tax Planning
Corporation - Publicly-Held
2010 - 2012
Responsible for all international tax planning for extremely tax sophisticated inverted company in a 65 person tax department. Managed a staff of five and external advisors developing cash tax minimization strategies, design and execution of intercompany debt transactions, special projects and long-term capital and entity structuring. Also responsible for non-US tax audits, preparation of international effective tax rate, international tax provision and FIN48 analysis.
Worked closely with Treasury on tax efficient cash management for all aspects of international cash flow planning.
Directly responsible for all international tax advice for corporate M&A and divestitures, including initial preparations for the $2 billion spin-off of Mallinckrodt plc, and the integration of 16 foreign operating companies acquired in a $2.6 billion purchase of ev3,Inc.
Covidien had 38,000 employees in 70 countries, with manufacturing in 17 countries.
Worked closely with Treasury on tax efficient cash management for all aspects of international cash flow planning.
Directly responsible for all international tax advice for corporate M&A and divestitures, including initial preparations for the $2 billion spin-off of Mallinckrodt plc, and the integration of 16 foreign operating companies acquired in a $2.6 billion purchase of ev3,Inc.
Covidien had 38,000 employees in 70 countries, with manufacturing in 17 countries.
Odyssey Management LLC
Sudbury, Massachusetts, USA 01776
Sudbury, Massachusetts, USA 01776
Member
2004 - 2010
Equity and futures trading
PricewaterhouseCoopers
Boston, Massachusetts, USA
Boston, Massachusetts, USA
Partner
Public Accounting Firm - Big Four
1983 - 2004
1999 - 2004
International Tax Services Partner in the national quantitative solutions practice, performing E&P and stock basis studies, Subpart F and OFL planning.
1995 -1999
Client service tax partner in Boston working with technology and growth companies from start-up to public company. Advised clients entering foreign markets on group structures, transfer pricing policies, debt financing and implementation of foreign tax credit and cash repatriation strategies. Consulted on all aspects of US tax planning including M&A, early stage funding, stock compensation planning and initial public offering tax issues.
1991-1995
International Tax Services partner (Coopers & Lybrand) working in the Tokyo and Hong Kong offices. Developed and implemented regional group holding company structures for US clients managing their Southeast Asia operations.
1983-1991
Broad based technical and industry tax experience in a highly diversified tax practice, including numerous Fortune 500 clients. Prepared and reviewed individual, expatriate, corporate (federal and state), partnership and S corporation tax returns, as well as financial statement tax provisions.
International Tax Services Partner in the national quantitative solutions practice, performing E&P and stock basis studies, Subpart F and OFL planning.
1995 -1999
Client service tax partner in Boston working with technology and growth companies from start-up to public company. Advised clients entering foreign markets on group structures, transfer pricing policies, debt financing and implementation of foreign tax credit and cash repatriation strategies. Consulted on all aspects of US tax planning including M&A, early stage funding, stock compensation planning and initial public offering tax issues.
1991-1995
International Tax Services partner (Coopers & Lybrand) working in the Tokyo and Hong Kong offices. Developed and implemented regional group holding company structures for US clients managing their Southeast Asia operations.
1983-1991
Broad based technical and industry tax experience in a highly diversified tax practice, including numerous Fortune 500 clients. Prepared and reviewed individual, expatriate, corporate (federal and state), partnership and S corporation tax returns, as well as financial statement tax provisions.
Education
BA, Political Science 1979
Duquesne University
Pittsburgh, Pennsylvania, United States
Cum Laude, Outstanding Senior Athlete
MBA, Finance 1980
University of Pittsburgh
Pittsburgh, Pennsylvania, United States
JD, Law 1983
Duquesne University School of Law
Pittsburgh, Pennsylvania, United States
Senior Comment Editor, Law Review
Professional Certifications
Certified Public Accountant(CPA)
1985
Inactive
Bar Admissions
Pennsylvania
Inactive
1983