Amneal Pharmaceuticals, Inc. announced that on August 3, 2019, the board appointed Chirag Patel and Chintu Patel as Co-Chief Executive Officers and Chirag Patel as President, effectively immediately. On August 2, 2019, the Board appointed Paul M. Meister as a director, effective immediately. Mr. Meister will serve on the Board until the Company's 2020 annual meeting of stockholders and until his successor is duly elected and qualified.

The Board also appointed Mr. Meister as Chairman of the Board on August 3, 2019, effectively immediately. Additionally, Paul Bisaro and Rob Stewart have resigned as Executive Chairman, and President and Chief Executive Officer, respectively, and have stepped down from the Board. Mr. Stewart will serve as an advisor to the Company through a transition period.

Messrs. Patel have resigned as Co-Chairmen of the Board and will remain on the Board as Directors. Messrs.

Patel have also resigned from their executive positions at other companies. Additionally, Robert L. Burr, Janet S. Vergis and Dharmendra Rama have resigned as independent directors on the Company's Board. The Company has retained Korn Ferry, a nationally-recognized executive search firm, to assist in the process of identifying independent candidates for the vacated Board seats.