RECORDATI APPOINTS MIKE MCCLELLAN AS NEW CHIEF FINANCIAL OFFICER
MWN-AI** Summary
On October 23, 2025, Recordati, a distinguished global pharmaceutical firm, announced the appointment of Mike McClellan as its new Chief Financial Officer (CFO), effective January 1, 2026. McClellan, an American citizen, boasts nearly 30 years of experience in the pharmaceutical sector, having held prominent CFO positions across various organizations and regions. Most recently, he served as CFO at Almirall from 2019 to 2025, where he significantly contributed to the company's growth and market presence through successful business development and product launches. His extensive background also includes roles as Group CFO at Teva and various CFO positions at Sanofi, including North America and Europe.
Rob Koremans, CEO of Recordati, expressed his enthusiasm for McClellan's arrival, emphasizing his industry expertise and track record as vital assets for Recordati's ongoing strategy focused on sustainable growth, targeted business development, and stakeholder engagement. Koremans also thanked Luigi La Corte, the outgoing CFO, for his dedicated service and contributions to the company.
In his statement, McClellan articulated his excitement about joining Recordati, praising the company's consistent financial performance, operational excellence, and strong industry reputation. He looks forward to leveraging his expertise to support Recordati's continued success and unlock further potential in the pharmaceutical market.
Recordati is publicly traded on the Italian Stock Exchange and operates in approximately 150 countries, offering treatments for a range of conditions, including specialty and rare diseases. The company's mission underscores the belief that health is a fundamental right, reaffirming its commitment to empowering individuals to lead fulfilling lives through access to quality healthcare.
MWN-AI** Analysis
The recent announcement of Mike McClellan as the new Chief Financial Officer (CFO) of Recordati marks a significant development for investors and stakeholders. McClellan’s extensive experience in the pharmaceutical industry, including notable positions at Almirall, Teva, and Sanofi, suggests he brings substantial financial acumen and strategic insight essential for navigating the complexities of the sector.
As Recordati continues its strategy of growth and targeted business development, McClellan's track record in driving profitability and leading successful product launches will be pivotal. His experience engaging with the investment community could enhance investor confidence, positively influencing the company’s stock performance on the Italian Stock Exchange (XMIL: REC). This leadership transition occurs in a dynamic market characterized by increasing competition and rapid technological advances. An adept CFO can lean into these challenges, capitalizing on emerging opportunities in specialty and rare diseases.
Investors should also pay attention to McClellan's commitment to maintaining Recordati's consistent financial performance. His appointment could suggest a renewed focus on operational efficiency and innovative product development, which might drive future revenue growth. Furthermore, the transition from Luigi La Corte, who will remain on the Board, promises continuity while introducing fresh perspectives.
Given the pharmaceutical industry's inherent volatility, the appointment could signal a bullish outlook for Recordati, especially if McClellan leverages his network and expertise effectively. Investors might consider this timing an opportunity to reassess their positions in Recordati. Monitoring the company’s strategic initiatives in the coming quarters and McClellan’s early actions as CFO will be critical in determining how well Recordati capitalizes on its growth potential. Overall, this leadership change could signify a strategic evolution, reinforcing Recordati's resilience in a challenging market landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NEWS RELEASE
Milan, 23 October 2025 – Recordati, a global pharmaceutical company, announces today that Mike McClellan will join as its new Chief Financial Officer (CFO) as of January 1, 2026 and will be based in the Group’s headquarters in Milan.
Mike McClellan, an American national, is a seasoned CFO in the pharmaceutical industry with nearly 30 years of experience across various geographies. Most recently, he served as CFO of Almirall (2019-2025) where he played a pivotal role in delivering sustained growth and profitability, leading business development efforts, guiding key product launches and engaging with the investment community. Prior to that, Mr. McClellan served at Teva as Group CFO (2017-2019) and CFO Global Specialty Medicines (2015-2017). He also had a significant career at Sanofi where he served as CFO of North America (2012- 2015), CFO of Europe (2010-2012) as well as in several country CFO roles.
Rob Koremans, CEO of Recordati, commented: “We are delighted to welcome Mike as our incoming CFO following a thorough search process. Mike’s deep expertise and impressive achievements in the pharmaceutical industry will be instrumental as we continue to pursue our strategy of consistent growth, targeted business development/M&A, and meaningful engagement with all our stakeholders. I am confident that his passion and experience will ensure a smooth and successful transition. I would like to reiterate my gratitude to Luigi La Corte, who will step down in his current role as CFO at the end of the year and remain on the Board, for all his outstanding contributions and wish him well in his future endeavours.”
Mike McClellan , commenting on his appointment, stated: “I am truly pleased to join Recordati, a company with a strong track record of consistent financial performance, outstanding execution, and an excellent reputation in the industry. Having followed Recordati’s journey for many years, I have great respect for what the team has accomplished. I look forward to contributing to the next chapter and unlocking even more potential together in the years ahead.”
Based on the information available to the Company, Mike McClellan does not hold any shares in the Company.
Recordati is an international pharmaceutical group listed on the Italian Stock Exchange (XMIL: REC), with roots dating back to a family-run pharmacy in Northern Italy in the 1920s. We are uniquely structured to provide treatments across specialty and primary care, and rare diseases. Our fully integrated operations span clinical development, chemical and finished product manufacturing, commercialization and licensing. We operate in approximately 150 countries across EMEA, the Americas and APAC with over 4,500 employe es. We believe that health is a fundamental right, not a privilege. Today, our purpose of “unlocking the full potential of life” aims at empowering individuals to live life to the fullest, whether addressing common health challenges or the rarest.
RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA S.p.A.
Registered Office
Via Matteo Civitali, 1 20148 Milano, Italy
Tel. +39 02 487871
Fax +39 02 40073747
www.recordati.com
Share Capital € 26.140.644,50 fully paid-up
Milano, Monza, Brianza and Lodi Comp. Reg. No. 00748210150 Tax Code/VAT No. 00748210150
Milano R.E.A. No. 401832
Company subject to the Management and Coordination Activity of Rossini Luxembourg S.àr.l
Investor Relations
Eugenia Litz
+44 7824 394 750
Eugenia.Litz@recordati.com
Gianluca Saletta
+39 348 979 4876
saletta.g@recordati.it
Media Relations
ICR Healthcare US:
Alexis Feinberg
+1 203 939 2225
Alexis.feinberg@icrhealthcare.com
UK, Europe & Rest of World: Jessica Hodgson
+44 7561 424 788
jessica.hodgson@icrhealthcare.com
This document contains forward-looking statements relating to future events and future operating, economic and financial results of the Recordati group. By their nature, forward-looking statements involve risk and uncertainty because they depend on the occurrence of future events and circumstances. Actual results may therefore differ materially from those forecast for a variety of reasons, most of which are beyond the Recordati group ’ s control. The information on the pharmaceutical specialties and other products of the Recordati group contained in this document is intended solely as information on the activities of the Recordati Group, and, as such, it is not intended as a medical scientific indication or recommendation, or as advertising .
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FAQ**
How will Mike McClellan's leadership as CFO impact Recordati Industria Chim RCDTF's strategic business development and M&A efforts in the pharmaceutical industry?
What specific initiatives does Recordati Industria Chim RCDTF plan to pursue under Mike McClellan's financial stewardship to unlock greater potential in its operations?
Given his extensive experience, what insights does Mike McClellan bring to Recordati Industria Chim RCDTF that could drive sustained growth and profitability in the competitive pharmaceutical landscape?
How will the transition from Luigi La Corte to Mike McClellan as CFO be managed at Recordati Industria Chim RCDTF to ensure continuity and success in financial operations?
**MWN-AI FAQ is based on asking OpenAI questions about Recordati Industria Chim (OTC: RCDTF).
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