Aceto Announces Restructuring, Retirement and Promotions.Business Editors LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--Aug. 10, 2001 Aceto Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACET ACET AIDS Care Education and Training ACET Advisory Council for the Elimination of Tuberculosis (CDC) ACET Association for Compensatory Educators of Texas ACET Advisory Committee on Electronics and Telecommunications ) announced today that Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a A. Amitrano, Senior Vice President and Director, is retiring from the company and resigning from the Board of Directors effective August 31, 2001. As a result, the Organic Intermediates and Colorants Department, currently headed by Mr. Amitrano, will merge with the Industrial Chemicals Department creating a new department called the Chemicals and Colorants Department headed by Mr. Vincent Miata who is currently head of Industrial Chemicals. Mr. Miata will be promoted to the position of Senior Vice President. The company expects some significant cost saving and operational synergisms as a result of this merger of the two departments. Additionally, Mr. Frank DeBenedittis, currently Vice President of Aceto Corporation's Pharmaceutical, Biochemicals and Nutritionals Department is being promoted to Senior Vice President. This release contains forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. information and therefore it necessarily involves risks and uncertainties. Factors that could cause actual events to differ materially from these forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. include, but are not limited to, the following: anticipated cost savings and operational synergies, economic and political conditions in U.S. and abroad, as well as other risks detailed from time to time in Aceto Corporation's SEC reports. |
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