Print
Health Care

Pharma Company Names New CEO

By Jenny Callison, posted Jul 8, 2014
A pharmaceutical industry veteran has been tapped to lead Wilmington-based AAIPharma Services Corp., the company announced Tuesday.

Stephan Kutzer will assume the position of CEO of AAIPharma and Wisconsin-based Cambridge Major Laboratories Inc., effective Aug. 1, according to the company’s news release.

Kutzer comes to the merged companies from Lonza, Inc. – part of the Lonza Group, a Swiss chemicals and biotechnology company - where he has served in a variety of roles since 1996, the release stated. Most recently, Kutzer served as chief operating officer of Lonza Inc. as well as chief operating officer and president of several divisions. Prior to that, he had upper management responsibilities at Lonza’s facilities in Bayport, Texas and, earlier, in Lonza Guangzhou Ltd. in China, according to the release.

Kutzer holds a master’s degree in chemical and process engineering and a Ph.D. in engineering sciences (chemical engineering) from the Technical University of Munich, Germany, the release stated.

“Stephan brings valuable leadership experience with over 18 years in the pharmaceutical industry. His diverse background in operations, technical services, API [active pharmaceutical ingredient] development and manufacturing positions him well to take our company to the next level,” Susan Nestegard, acting CEO, said in the release. “He will continue our focus on best in class safety, quality and exceeding customer expectations to achieve our vision of being the Contract Manufacturing and Development Organization (CDMO) of first choice in the pharmaceutical sector.”

Nestegard, a member of the board of directors of American Capital Ltd., parent of AAIPharma and Cambridge Major Labs, has held the acting CEO role since early April, when previous CEO Patrick Walsh stepped down.

Walsh, appointed AAIPharma CEO in September 2010, led significant growth for the company, which included a major acquisition, development of a new 40,000-square-foot technology center at the company’s headquarters near Wilmington International Airport and the merger, in October, with Cambridge Major Laboratories.

Currently, AAIPharma and Cambridge Major Laboratories together provide comprehensive pharmaceutical development and manufacturing services to clients all over the world. The merged company employs almost 800 employees who operate out of seven sites in the U.S. and Europe, according to the release.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Jane

It’s Child’s Play

Jane Morrow - Smart Start of New Hanover County
Jordain 422430214

Why Messing Up is Essential for Business and How to Do it More

Jordan Cain - APPROVE
Burrus rob headshot 300x300

UNCW CSB’s 42nd Annual Business Week: Business Students Reflect on Their “Why”

Robert Burrus - Cameron School of Business - UNC-Wilmington

Trending News

YMCA Eyes Growth With Plans For New, Expanded Facilities

Emma Dill - Apr 23, 2024

Burns, Redenbaugh Promoted At Coastal Horizons

Staff Reports - Apr 23, 2024

Cold Storage Developer Sets Near-port Facility Completion Date

Audrey Elsberry - Apr 24, 2024

Wilmington Financial Firm Transitions To Wells Fargo's Independent Brokerage Arm

Audrey Elsberry - Apr 24, 2024

Krug Joins Infinity Acupuncture

Staff Reports - Apr 23, 2024

In The Current Issue

Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...


Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season