On March 14, 2016, the Board of Directors of Cambrex Corporation appointed Claes Glassell, 65, as a member of the Company's Board of Directors for a term expiring on the date of its 2016 annual meeting and will serve on the Board's Audit and Regulatory Affairs Committees. Mr. Glassell's appointment increases the size of the Board to ten members until William Korb's retirement following the Company's April 2016 Annual Meeting of Stockholders. Mr. Glassell was most recently the Chief Executive Officer of CMC Biologics, a contract manufacturing organization focused on biologic pharmaceuticals from 2011 through 2015.