LAKE SUCCESS, N.Y., June 1, 2010 (GLOBE NEWSWIRE) -- Aceto Corporation (Nasdaq:ACET), a global leader in the sourcing, quality assurance, regulatory support, marketing and distribution of pharmaceuticals, nutraceuticals, specialty chemicals and crop protection products, is announcing today some structural changes in the way some of its businesses are managed globally.
The changes that were announced today are as follows:
- Alexander Elo was promoted to Managing Director, Aceto Health Ingredients.
- Keith Wilkinson has assumed added global business development responsibilities in the Specialty Chemicals business segment.
- Guillaume Saint Clair has assumed the additional responsibilities for managing both our pharmaceutical intermediates business and our specialty chemicals business overseas.
Commenting on the changes, Vincent G. Miata, CEO and President of Aceto said, "Over the past several months we have restructured the way Aceto manages its operations into more of a vertically integrated, global team built around each of our various businesses. We adopted this approach from the successful implementation of our globalized nutraceutical business several years ago. The announcements that we have made today represent some of the key players in this new management structure, individuals with important roles in coordinating and managing the international pieces of our businesses units. Please understand that there will be a lot of hard work necessary to make the new management structure successful and I feel certain that these individuals are up to the task. I wish them all the best with their new responsibilities."
ABOUT ACETO
Aceto Corporation, incorporated in 1947, is a global leader in the sourcing, quality assurance, regulatory support, marketing and distribution of pharmaceuticals, nutraceuticals, specialty chemicals and crop protection products. With a physical presence in ten countries, Aceto distributes over 1,000 chemicals and pharmaceuticals used principally as raw materials in the pharmaceutical, crop protection, surface coating/ink and general chemical consuming industries. Aceto's global operations, including a staff of 26 in Shanghai and 14 in India, are distinctive in the industry and enable its worldwide sourcing and regulatory capabilities. (ACET-F)