Board of Directors of ACETO Corporation elected Vice Chairman Alan Levin as Non-Executive Chairman of the Board effective July 1, 2018. Albert Eilender has informed the Board of his intention to step down from his position as Executive Chairman on June 30, 2018, the conclusion of the company’s current fiscal year. As a transition step, he will continue to serve as a director and remain employed by the company as Chairman Emeritus until the company holds its 2018 Annual Meeting in December 2018, at which point he will retire. Having reached the company’s mandatory retirement age for directors, Mr. Eilender is not eligible to stand for re-election to the Board at the 2018 Annual Meeting. Mr. Eilender has served in various executive capacities since joining the ACETO Board in 2000. He served as Lead Independent Director from 2005 to 2009 and as Chief Executive Officer of the Company from September 2010 to January 2013, and has served as Executive Chairman of the Board since 2015.