Benzinga | May 13, 2021 08:08AM EDT

Milestone Scientific Names Arjan Haverhals CEO

Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today announced that in connection with the Company's previously disclosed succession plan: Leonard Osser announced his intention to resign as Interim Chief Executive Officer; the Board of Directors has promoted Jan Adriaan (Arjan) Haverhals, President of the Company, to also serve as Chief Executive Officer of Milestone Scientific; and Leonard Osser has been elected Vice Chairman of the Board of Directors of the Company - each effective May 19, 2021. The Company is also pleased to announce that it has appointed Scott Kahn as Chief Financial Officer, effective May 24, 2021. Mr. Kahn will succeed Joseph D'Agostino who retired from Milestone Scientific last month.

Leonard Osser, Interim CEO of Milestone Scientific, stated, "I am very pleased to announce Arjan's promotion to CEO of Milestone Scientific. It is well deserved as Arjan has been instrumental in implementing successful sales and marketing activities around the dental instrument and accelerating the commercialization of CompuFlo(r) and CathCheck(tm). Arjan's strong leadership will be invaluable as we work towards our goal of establishing our technology as standard of care in epidural procedures during labor and delivery, around the world. Additionally, we are pleased to welcome Scott Kahn to the management team. Scott brings more than 40 years of leadership with a proven track record in corporate and finance and operations. His deep experience and strong track record as a CFO of several pharmaceutical and medical device companies will be important as we grow our company and expand our global footprint. I look forward to playing an active role in the growth and success of the Company going forward."

"The Company and Board of Directors would like to express our sincere gratitude to Leonard Osser for his significant contributions and outstanding leadership he provided Milestone over the years," stated Leslie Bernhard, Chairman of the Board of Milestone Scientific. "Len has executed on a focused vision of advancing and delivering Milestone's computerized drug delivery instruments to market and we look forward to continuing to benefit from his thoughtful counsel and active involvement in the Company as the Vice Chairman of the Board. In addition, Leonard Osser will continue as Managing Director of China Operations. We have been preparing this transition for some time and look forward to Arjan's participation in his new role as CEO as we prepare for the next phase of our growth."