Rockwell Medical president, CEO Chioini terminated from his positions
Rockwell Medical announced that its Board of Directors has formed a Special Transition Committee to provide board-level oversight over the Company's strategic direction and day-to-day operations, effective immediately. The Board of Directors also announced that the Company's President and Chief Executive Officer, Robert Chioini, has been terminated from his positions, effective immediately. In connection with today's announcement, Chioini has resigned as a member of the Board and will not stand for reelection at the 2018 Annual Meeting of Shareholders. The Special Transition Committee, which will remain in place until a new CEO is appointed, will comprise independent directors Ben Wolin, who is also Chairman of the Board, Lisa Colleran and John Cooper. The Board has initiated a formal search process and retained a leading executive search firm to identify a permanent CEO.