Management ChangeJun 25, 2026, 09:02 AM
Milestone Scientific Appoints Two New Directors; Chair Becomes Executive Chair
AI Summary
Milestone Scientific announced strategic governance initiatives, including the appointment of Greg Shilling and Kelly Ann Ulto as independent directors. Benedetta I. Casamento transitioned from Chair of the Board to Executive Chair to drive strategic execution. The company also restructured agreements with founder Leonard Osser, changing his role to Advisor to the CEO with reduced compensation and implementing a share lock-up. Additionally, board member Shanth Thiyagalingam resigned, effective June 30, 2025.
Key Highlights
- Appointed Greg Shilling and Kelly Ann Ulto as independent directors.
- Benedetta I. Casamento transitioned to Executive Chair of the Board.
- Leonard Osser's role changed to Advisor to the Chief Executive.
- Osser's annual cash compensation reduced to $48,000.
- Osser's prior employment and consulting agreements were restructured.
- Osser and his wife entered share lock-up agreements until April 20, 2027.
- Shanth Thiyagalingam resigned from the Board, effective June 30, 2025.
Price Impact
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