Rockwell Medical, Inc. issued the following announcement on Nov. 1.

Rockwell Medical, Inc. (NASDAQ: RMTI) (the "Company" or "Rockwell Medical") announced that Angus Smith has been appointed as Chief Financial Officer of the Company, effective at the end of November 2018. Mr. Smith will be responsible for overseeing all financial operations and investor relations activities for the Company.

Mr. Smith will join Rockwell Medical from Pernix Therapeutics, a specialty pharmaceutical company focused on the acquisition, development and commercialization of prescription drugs, where he currently serves as Senior Vice President, Chief Business Officer and Principal Financial Officer. Prior to this role, he served as Vice President, Business Development & Strategic Planning, and as Vice President, M&A and Corporate Finance. Prior to joining Pernix, Mr. Smith worked in healthcare investment banking, most recently serving as a Director in the Healthcare Investment Banking Group at Cantor Fitzgerald. During his nearly decade-long investment banking tenure, Mr. Smith focused on providing strategic and financial advice to specialty pharmaceutical and healthcare companies. He holds a B.A. in Mathematical Economics from Colgate University.

"After conducting a thorough search process, we are very pleased to announce Angus' appointment as CFO of Rockwell Medical," said Stuart Paul, President and Chief Executive Officer of Rockwell Medical. "Angus' deep financial expertise, along with his background advising specialty pharmaceutical and healthcare companies, are a great fit for Rockwell Medical. He brings a diverse knowledge base to the CFO role given his experience with debt and equity financings, mergers and acquisitions, licensing agreements, joint ventures and strategic partnerships. We are confident he will be an asset to our leadership team as we continue our work to drive financial and operational performance for the benefit of our shareholders."

Mr. Smith said, "I am honored to be named Rockwell Medical's next CFO at this pivotal time in the Company's history. I look forward to drawing on my background and working with Stuart and the entire Rockwell Medical team to achieve results for our shareholders."

Ignite Search Partners, a leading executive recruiting firm, assisted with the search process.

The Company will file a Form 8-K with the Securities and Exchange Commission regarding this appointment.

Original source can be found here.