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ANI Announces Appointment of Stephen P. Carey as Vice President and Chief Financial Officer

ANIP, -1.34% today announced the appointment of Stephen P. Carey to the position of Vice President and Chief Financial Officer, effective May 6, 2016.

Stephen P. Carey is an accomplished financial executive with over 20 years of experience, 15 of which are in the pharmaceutical industry. Steve has held various financial and accounting positions with Schering Plough Corporation and most recently, Par Pharmaceutical Companies, Inc., where he was the Senior Vice President, Controller and Principal Accounting Officer. Steve began his career at PricewaterhouseCoopers.

Arthur S. Przybyl, President and Chief Executive Officer, said, "ANI's Board of Directors and I are excited to introduce Steve as our new CFO. Steve's knowledge and career experience in the generic pharmaceutical business will serve to help ANI to continue to grow and create value for our shareholders. We look forward to introducing Steve to all our constituents in the near future."

Steve replaces our current CFO, Charlotte C. Arnold, who has been with ANI in that capacity since 2009. Ms. Arnold will remain as a consultant to the Company through March 2017.

Mr. Przybyl noted, "When I joined ANI in 2009, Charlotte was the first executive I hired. Throughout her tenure she has been a valuable member of the senior management team and played a key role in the Company's turnaround in 2009 and 2010. She was instrumental in ANI becoming a public company in 2013 and in subsequently helping ANI raise over $200 million in capital. She helped transform ANI from a...