Akorn’s Chief Operating Officer Heads For The Exit Days Into Doug Boothe’s Tenure

A month after a court ruled that Fresenius Kabi’s decision to terminate its merger with Akorn was legal and proper, Akorn’s COO has agreed to resign the position, six days after Doug Boothe officially replaced Raj Rai as Akorn’s new president and CEO.

Exit
Akorn's COO, Bruce Kutinsky, has stepped down but will stay on to provide consultation services. • Source: Shutterstock

Akorn’s chief operating officer, Bruce Kutinsky, has stepped down from the role with immediate effect and agreed terms to depart the company by the end of 2019, among the firm’s first actions under newly-instated president and chief executive officer Doug Boothe following the official collapse of Akorn’s takeover by Fresenius Kabi last month.

Under a letter agreement signed with Akorn on 7 January, Kutinsky agreed that he would no longer serve as chief...

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