Papesh retires from Neogen's Board after 27 years

Rhea-AI Summary

Neogen Corporation (NASDAQ: NEOG) announced the retirement of G. Bruce Papesh from its Board of Directors after 27 years of service. Papesh played a significant role in guiding the company from $8 million in annual revenues to $418 million as of May 31 in the latest fiscal year. His investment expertise was crucial during Neogen's early struggles and subsequent growth. The current Board now includes James Borel, John Adent, and six others. Neogen specializes in food and animal safety products, offering diagnostic test kits and healthcare solutions.

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• G. Bruce Papesh contributed significantly to Neogen's growth from $8 million to $418 million in annual revenues over 27 years.
• The company maintains a strong Board of Directors with diverse expertise.

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• None.

LANSING, Mich., March 2, 2021 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that long-serving G. Bruce Papesh has retired from Neogen's Board of Directors.

Papesh joined Neogen's Board in October 1993, and has helped guide the company from approximately $8 million in annual revenues to approximately $418 million in revenues in its most recently completed fiscal year (May 31).

"Everyone who has benefitted from Neogen's success, including those in the investment community and all of the company's employees for the past 27 years, owes a debt of gratitude to Bruce Papesh," said James Borel, chairman of Neogen's Board of Directors. "His investment background and financial experience and expertise was critical to Neogen as the company struggled to survive back in its early days, and he has continued to serve Neogen well over the years as we have worked to expand upon our success. We will miss Bruce's insight on the Board, and thank him for his many years of exemplary service to the company."

From 1987 to 2020, Papesh served as president of Dart, Papesh & Company, Inc., which until 2019 was a SIPC and FINRA member and an investment consulting and financial services firm.

With Papesh's retirement, Neogen's Board now consists of: Borel, John Adent, Dr. William Boehm, Dr. Ronald Green, James Tobin, Ralph Rodriguez, Darci Vetter, and Dr. Catherine Woteki.

Neogen Corporation develops and markets products dedicated to food and animal safety. The company's Food Safety Division markets dehydrated culture media and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division is a leader in the development of animal genomics along with the manufacturing and distribution of a variety of animal healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care and disinfectants.

CONTACT:    Steve Quinlan, Chief Financial Office
                       Neogen Corporation, 517/372-9200

 

 

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SOURCE Neogen Corporation

FAQ

What is the significance of G. Bruce Papesh's retirement from Neogen Corporation?

G. Bruce Papesh's retirement marks the end of a significant chapter for Neogen, as he guided the company through its growth from $8 million to $418 million in revenue over 27 years.

How has Neogen's revenue changed during G. Bruce Papesh's tenure?

During G. Bruce Papesh's tenure, Neogen's annual revenue grew from approximately $8 million to around $418 million as of the last fiscal year ending May 31.

Who currently serves on Neogen's Board of Directors?

Following Papesh's retirement, Neogen's Board includes James Borel, John Adent, Dr. William Boehm, Dr. Ronald Green, James Tobin, Ralph Rodriguez, Darci Vetter, and Dr. Catherine Woteki.

What products does Neogen Corporation offer?

Neogen specializes in food and animal safety products, including diagnostic test kits for foodborne bacteria, toxins, allergens, and various animal healthcare solutions.

What was G. Bruce Papesh's role before retiring?

Before retiring, G. Bruce Papesh served as a key member of Neogen's Board of Directors, providing valuable financial expertise and guidance.