A Medical Device Daily

Meridian Bioscience (Cincinnati) reported that its board of directors has named Jack Kraeutler CEO. Kraeutler joined the company in January 1992 as executive VP and COO. In July 1992, Kraeutler was named president/COO of the company.

Additionally, Bill Motto was named executive chairman. Motto founded Meridian and held the title of chairman and CEO. Before forming Meridian, Motto served in various capacities at Wampole Laboratories. Motto has been chairman of the company since 1977.

Motto said, “I am very pleased that the board approved this change, which properly reflects the roles of senior management. Jack has certainly earned the position of CEO and has my full confidence. My role as a full-time working executive chairman will be a continuation of my interest in furthering the strategic growth of Meridian Bioscience. As we look forward to record sales and earnings, it is comforting to know that we have an experienced and highly capable management team led by an exceptional CEO.”

Meridian makes diagnostic test kits, purified reagents, and related products, and offers biopharmaceutical-enabling technologies.