Benzinga | May 11, 2021 07:23AM EDT

Catalent Announces Chief Financial Officer Succession

Catalent, Inc. (NYSE:CTLT), the leading global provider of advanced delivery technologies, development, and manufacturing solutions for drugs, biologics, cell and gene therapies, and consumer health products, today announced the promotion of Thomas Castellano to serve as the company's Senior Vice President and Chief Financial Officer effective June 1, 2021, succeeding Wetteny Joseph who will be leaving the company to become the Chief Financial Officer of Zoetis Inc.

"On behalf of the Board, our shareholders, and all of us at Catalent, we'd like to thank Wetteny for his long and dedicated service, and we wish him every success in his future endeavors," said John Chiminski, Chair and Chief Executive Officer. "We are delighted to recognize Tom's continuing contributions and development as a senior executive at Catalent, and I look forward to working with him in his new role. Today's smooth succession demonstrates the strength of Catalent's bench and our proactive planning and executive development efforts."

Mr. Castellano, 41, currently serves as Catalent's Global Vice President of Operational Finance, providing finance partnership on strategic execution across the company's business units, and as a member of Catalent's Executive Leadership Team. He joined the company as Director for Financial Planning & Analysis in 2008, playing an integral role in Catalent's successful initial public offering in 2014, and has served in successively senior positions since then, including as Vice President, Financial Planning & Analysis and Vice President, Finance, Investor Relations, and Treasurer. Prior to joining the company, he worked with the capital markets finance group at Lehman Brothers, holding roles of increasing responsibility. Mr. Castellano began his career at Cendant Corporation as part of its financial leadership development program. He holds a bachelor's degree in finance and an MBA, both from Seton Hall University.