Akorn, Inc. (NASDAQ:AKRX) today announced the appointment of Jeffrey A.
Whitnell as Interim Chief Executive Officer. Mr. Whitnell will work in
this capacity under the oversight of the Special Committee of the Board
of Directors until a new CEO is named. As the company has previously
announced, the Special Committee was established to oversee the
operations of the company while the search for a new CEO is underway.
Mr. Whitnell joined Akorn in June 2004 as its Vice President, Finance
and Chief Financial Officer. He was further appointed Secretary and
Treasurer in August 2004 and was promoted to Senior Vice President in
November 2004.
About Akorn, Inc.
Akorn, Inc. manufactures and markets sterile specialty pharmaceuticals.
Akorn has manufacturing facilities located in Decatur, Illinois and
Somerset, New Jersey and markets and distributes an extensive line of
hospital and ophthalmic pharmaceuticals. Additional information is
available at the Company’s website at www.akorn.com.
Materials in this press release may contain information that includes or
is based upon forward-looking statements within the meaning of the
Securities Litigation Reform Act of 1995. Forward-looking statements
give our expectations or forecasts of future events. You can identify
these statements by the fact that they do not relate strictly to
historical or current facts. They use words such as "anticipate,"
"estimate," "expect," "project," "intend," "plan," "believe," and other
words and terms of similar meaning in connection with a discussion of
future operating or financial performance. In particular, these include
statements relating to future steps we may take, prospective products,
future performance or results of current and anticipated products, sales
efforts, expenses, the outcome of contingencies such as legal
proceedings, and financial results.
Any or all of our forward-looking statements here or in other
publications may turn out to be wrong. They can be affected by
inaccurate assumptions or by known or unknown risks and uncertainties.
Many such factors will be important in determining our actual future
results. Consequently, no forward-looking statement can be guaranteed.
Our actual results may vary materially, and there are not guarantees
about the performance of our stock.
Any forward-looking statements represent our expectations or forecasts
only as of the date they were made and should not be relied upon as
representing our expectations or forecasts as of any subsequent date. We
undertake no obligation to correct or update any forward-looking
statements, whether as a result of new information, future events or
otherwise, even if our expectations or forecasts change. You are
advised, however, to consult any further disclosures we make on related
subjects in our reports filed with the SEC. In particular, you should
read the discussion in the section entitled "Cautionary Statement
Regarding Forward-Looking Statements" in our most recent Annual Report
on Form 10-K, as it may be updated in subsequent reports filed with the
SEC. That discussion covers certain risks, uncertainties and possibly
inaccurate assumptions that could cause our actual results to differ
materially from expected and historical results. Other factors besides
those listed there could also adversely affect our results.
Akorn, Inc.
Jeffrey A. Whitnell, 847-279-6100
Chief Financial
Officer