03.02.09
Raj Rai has been appointed strategic consultant to the special committee of Akorn’s board of directors. The committee was established to oversee the company’s operations, following the departure of Arthur Przybyl, until a new chief executive officer is named. Mr. Rai will advise the committee as it evaluates its various business segments and works towards a resolution of its working capital needs.
Mr. Rai most recently served as president and chief executive officer, Option Care Inc., Buffalo Grove, IL. Mr. Rai joined Option Care in 1992 and held positions of increasing responsibility. Since 2008, Mr. Rai has served on the board of directors for SeQual Technologies Inc., a medical device manufacturer.
Dr. Kapoor, Akorn’s chairman of the board, stated, “We are very pleased that Raj has joined the Akorn team as a strategic consultant. The depth of his executive experience in pharmacy services and specialty distribution and his extensive knowledge of operations, finance and sales and marketing will be extremely helpful to us as we work through the transition in leadership. In the meantime, we will continue to search for a permanent CEO.”