Eric W. Smart has been named president and chief executive officer of Coldstream Laboratories Inc. Mr. Smart replaces Larry Kranking, who retired after holding the position since 2010.

Mr. Smart has more than 20 years of leadership experience in the area of custom manufacturing and contract research services. Most recently, he served as Coldstream’s executive vice president and led the business development, marketing, and project management teams. Prior to Coldstream, he held senior leadership positions at AMRI and Organichem Corp.

Mr. Smart will head a staff of 75 who provide a full range of services to support the development and cGMP manufacture of sterile injectable products for international biotech and pharmaceutical clients requiring small batch sizes to support clinical studies and commercial distribution.

“Mr. Smart is a results-focused leader who has been an integral part of Coldstream for the past five years,” said John Fallone, chairman of the board for Coldstream Laboratories. “With Mr. Smart’s proven track record and dedication to Coldstream’s success, we are confident that he is the right person to lead Coldstream into its next phase of growth.”