ANI Pharmaceuticals Appoints Krista Davis as Chief Human Resources Officer

Rhea-AI Summary

ANI Pharmaceuticals, Inc. announced the appointment of Krista L. Davis as Chief Human Resources Officer, effective September 12. With over 20 years of executive leadership experience, including a significant role at Novartis, Davis aims to enhance organizational effectiveness during a crucial growth phase for the company. Nikhil Lalwani, President and CEO, emphasized her strategic contribution to priority people and organizational issues, aligning with ANI's goals to deliver life-changing therapeutics.

Positive

• Krista L. Davis brings over 20 years of leadership experience in human resources, crucial for corporate growth.
• Her previous experience with Novartis positions her well for driving organizational effectiveness.

Negative

• Concerns over continuity and the experience gap as a new executive joins during a critical growth period.

BAUDETTE, Minn.--(BUSINESS WIRE)-- ANI Pharmaceuticals, Inc. (Nasdaq: ANIP) (“ANI” or the “Company”) today announced that Krista L. Davis will join the Company as Chief Human Resources Officer, effective September 12. Ms. Davis brings to the Company over 20 years of executive leadership experience in human resources, talent management, and organizational development.

“Ms. Davis is an important addition to our leadership team and will bring strategic and innovative thought leadership to our priority people and organizational issues. Krista has a long track record of driving organizational effectiveness and delivering results across industries and cultures, most recently with Novartis, where she led global human resources for the Cell & Gene Technologies organization,” said Nikhil Lalwani, President and Chief Executive Officer of ANI.

“I’m excited to join ANI at this critical time in the Company’s trajectory. My background in supporting organizations through high growth periods and strategic transformations aligns well with the opportunity, and I look forward to helping ANI achieve its goal of serving patients in need with life-changing therapeutics,” said Ms. Davis.

Ms. Davis previously served as a global Head of People & Organization for the Novartis Technical Operations Division, where she led P&O for the Global Cell & Gene platforms, supporting growth and the strategic transformation of the organization. She also sat on the Global P&O divisional leadership team, the Cell & Gene leadership team, and on the US P&O board. Previously, she was Head of People & Organization for the Immunology, Hepatology, Dermatology U.S. Pharma Division.

Prior to Novartis, Ms. Davis was Global Director, Leadership and Talent Management at A.T. Kearny, where she led leadership development for the Firm’s most senior global Leaders. She also served previously as VP, Head of HR for North America at Reckitt Benckiser, and in a variety of leadership roles at Catalent Pharma Solutions, Biovail Pharmaceuticals, and Dun & Bradstreet. Ms. Davis earned her bachelor’s degree from McGill University and a master’s degree in Educational Technology from Concordia University.

About ANI Pharmaceuticals, Inc.

ANI Pharmaceuticals, Inc. is a diversified biopharmaceutical company serving patients in need by developing, manufacturing, and marketing high quality branded and generic prescription pharmaceutical products, including for diseases with high unmet medical need. Our team is focused on delivering sustainable growth by building a successful Purified Cortrophin® Gel franchise, strengthening our generics business with enhanced development capability, innovation in established brands and leveraging our North American manufacturing capabilities. For more information, please visit our website www.anipharmaceuticals.com.

Forward-Looking Statements

To the extent any statements made in this release deal with information that is not historical, these are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, those relating to the commercialization and potential sales of the product and any additional product launches from the Company’s generic pipeline, other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “plans,” “potential,” “future,” “believes,” “intends,” “continue,” other words of similar meaning, derivations of such words and the use of future dates.

Uncertainties and risks may cause the Company’s actual results to be materially different than those expressed in or implied by such forward-looking statements. Uncertainties and risks include, but are not limited to, the risk that the Company may face with respect to importing raw materials; competition from other products; acquisitions; contract manufacturing arrangements; delays or failure in obtaining and maintaining product approval from the U.S. Food and Drug Administration; general business and economic conditions; market trends; products development and commercialization; regulatory and other approvals and marketing.

More detailed information on these and additional factors that could affect the Company’s actual results are described in the Company’s filings with the Securities and Exchange Commission (SEC), including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other filings with the SEC. All forward-looking statements in this news release speak only as of the date of this news release and are based on the Company’s current beliefs, assumptions, and expectations. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220912005272/en/

Investor Contact

Lisa M. Wilson

In-Site Communications, Inc.

212-452-2793

lwilson@insitecony.com



Media:

Faith Pomeroy-Ward, ANI Pharmaceuticals, Inc.

T: 817-807-8044

E: Faith.pomeroyward@anipharmaceuticals.com

Source: ANI Pharmaceuticals, Inc.

FAQ

Who is the new Chief Human Resources Officer of ANI Pharmaceuticals?

Krista L. Davis has been appointed as the Chief Human Resources Officer of ANI Pharmaceuticals, effective September 12.

What experience does Krista L. Davis bring to ANI Pharmaceuticals?

Krista L. Davis has over 20 years of executive leadership experience in human resources, notably with Novartis.

What are Krista L. Davis's goals at ANI Pharmaceuticals?

Davis aims to enhance organizational effectiveness and support the company's growth and strategic transformation.

When did Krista L. Davis join ANI Pharmaceuticals?

Krista L. Davis joined ANI Pharmaceuticals on September 12.

What does the leadership change mean for ANI Pharmaceuticals?

The leadership change is expected to bring new strategic insights and focus on key organizational issues during a period of growth.