On January 4, 2017, Cambrex Corporation announced the appointments of Gregory P. Sargen, 51, its current Chief Financial Officer, to the newly created executive officer role of Executive Vice President, Corporate Development and Strategy, and of Tom Vadaketh as the company’s Executive Vice President and CFO, effective January 20, 2017. Mr. Sargen will continue to serve as CFO of the company until January 20, 2017. Mr. Vadaketh, 54, currently serves as Vice President and Chief Financial Officer of The Crosby Group, where since 2014 he has been responsible for all aspects of finance, including accounting, financial planning & analysis, tax and treasury. Prior to joining The Crosby Group, Mr. Vadaketh served in various roles at Tyco International, most recently serving as Vice President, Finance, Corporate Financial Planning & Analysis and CFO, Global Products.