Cambrex Corporation announced that, on August 8, 2018, Tom Vadaketh announced his intention to resign as Executive Vice President and Chief Financial Officer (CFO) of the company. Mr. Vadaketh's resignation will be effective as of September 4, 2018. Mr. Vadaketh has accepted a CFO position closer to his home in the Philadelphia area.

On August 9, 2018, the Board of Directors of the company appointed Gregory P. Sargen, the company's Executive Vice President, Corporate Development and Strategy, as Chief Financial Officer, effective as of the date of Mr. Vadaketh's resignation and until the company identifies a permanent successor. Mr. Sargen, 53, has served as Executive Vice President, Corporate Development and Strategy since January 2017, and previously served as the company's CFO from February 2007 until his appointment as Executive Vice President, Corporate Development and Strategy. Mr. Sargen will continue in that role while serving as CFO.