IRVINE, Calif., Oct. 28 /PRNewswire-FirstCall/ -- ChromaDex Corporation (OTC Bulletin Board: CDXC), a leader in the development of phytochemical and botanical reference standards and the creation of associated intellectual property, announced today that the Company appointed William F. Spengler to President of the Company, effective November 15, 2010. Mr. Spengler brings a strong and diversified background to the position, having held leadership roles in pharmaceutical companies such as Guilford Pharmaceuticals, MGI Pharma, and Bristol-Myers Squibb as well as Endo Pharmaceuticals where he currently serves as a Director. In his new role, Mr. Spengler will have responsibility for the expansion and implementation of the company's strategy as ChromaDex increases its leadership position in the natural products industry.
"Bill has demonstrated success in his previous positions both in pharmaceutical and non-pharmaceutical industries," said Frank Jaksch, CEO and co-founder of ChromaDex. "He has strong strategic and general management skills, combined with vast experience working in the public markets. We believe that this experience will be extremely important in support of the growth of the Company."
"The natural products and phytochemical industry holds extraordinary growth potential," said Spengler. "ChromaDex has both the scientific base and the strong and growing portfolio of licensed compounds necessary to enable it to become a market leader across an array of potential distribution channels. I am enthusiastic about the opportunity this asset combination presents, and I look forward to working with Frank, the ChromaDex executive team and board to move this business forward."
Mr. Spengler is currently the Executive Vice President, Chief Financial Officer, and Treasurer of Smith & Wesson Holding Corporation, a position he will be completing prior to joining Chr
|SOURCE ChromaDex Corporation|
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