Acino International AG announces new Board structure

Friday 29th March 2019

Zurich, March 29, 2019 – Acino International AG announced that Kunal Pandit, Johan Lundén and Magnus Hammerstróm have decided to step down from the Board of Directors and will not be replaced.

Mr. Pandit joined the Acino Board in December 2013, upon the company’s acquisition by Nordic Capital and Avista Capital. Mr. Lundén and Mr. Hammerstróm both joined the Acino Board in October 2018.

“Having a smaller, streamlined board will better support the execution of the company’s strategy to deliver long-term growth”, said John Beighton, Chairman of the Board.

Effective March 28, 2019 the Board of Directors is now composed of the following five members:

John Beighton – Chairman of the Board
Olof Faxander – Vice-Chairman of the Board
Tom Dean – Board Member
Thomas Vetander – Board Member
Alex Yu – Board Member

“On behalf of the board, I would like to thank Kunal, Johan and Magnus for their contributions and services to both the board and the company”, added Olof Faxander, Vice-Chairman and Head of Operations with Nordic Capital.

For all external enquiries please contact:

Sara Vermeulen-Anastasi

Head of Corporate Communications

No other employee is authorized to make statements on behalf of Acino unless otherwise stated by official contacts