PHILADELPHIA, May 24, 2019 /PRNewswire/ -- Lannett
Company, Inc. (NYSE: LCI) today announced that the company's chief
financial officer (CFO), Martin
Galvan, 67, will retire on August 30,
2019, following the planned submission of the company's Form
10-K for fiscal year 2019. Galvan will continue in his role as CFO
until then and thereafter serve as a consultant, as necessary.
Lannett is conducting a search for its next CFO, which includes
internal and external candidates, and has retained an executive
search firm to assist in the process.
"On behalf of the entire Board and management team, I thank
Marty for his dedication and valuable contributions over his
eight-year career at Lannett," said Tim
Crew, chief executive officer of Lannett. "With our business
back on track and heading in a positive direction, he's decided
that it is the right time to begin the next chapter of his
life.
"During his tenure at Lannett, Marty has been instrumental in
helping drive financial and operational improvements. He played a
significant role in the company's strategic long-term planning
process, companywide cost reduction programs and acquisitions.
Moreover, he has built a strong finance team with plenty of
next-level leaders. Marty has my profound gratitude for his
guidance and comradery, especially during the early quarters of my
Lannett tenure. I am deeply appreciative that he will remain with
the company to help facilitate a smooth leadership transition and
wish him all the best in his retirement."
About Lannett Company, Inc.:
Lannett Company, founded
in 1942, develops, manufactures, packages, markets and distributes
generic pharmaceutical products for a wide range of medical
indications. For more information, visit the company's
website at www.lannett.com.
Contact:
|
Robert
Jaffe
|
|
Robert Jaffe Co.,
LLC
|
|
(424)
288-4098
|
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SOURCE Lannett Company, Inc.