
Sigma-Aldrich (Nasdaq: SIAL) Announces Appointment of Rakesh Sachdev as CFO and Other Organization Changes
ST. LOUIS, MO.–(PRNewswire-FirstCall)–October 30, 2008–Sigma-Aldrich is pleased to announce the appointment of Rakesh Sachdev as Vice President and Chief Financial Officer (CFO) along with other organization changes that are designed to deepen the bench strength of its management team and enable the implementation of its initiatives to drive growth at above market rates in 2009-2011.
President and CEO Jai Nagarkatti commented, “We are very pleased to be able to add such a talented professional as Rakesh to our organization. His unique combination of financial, operational and global experience makes him an ideal addition to the Sigma-Aldrich team. The other leadership changes announced today are expected to position our management team to build on the solid foundation of top line growth and industry leading profitability and facilitate the implementation of our new and exciting initiatives that are expected to drive our growth over the next three years.”
Mr. Sachdev (age 52) will join Sigma-Aldrich as Vice President and CFO effective November 17, 2008. He succeeds Sigma-Aldrich's long-time CFO Mike Hogan who announced his plans to retire earlier this year.
Prior to his appointment at Sigma-Aldrich, Mr. Sachdev was employed by ArvinMeritor, most recently as Senior Vice President and President Asia Pacific and previously in diverse leadership roles including Senior Vice President Corporate Development and Strategy, Corporate Controller, Interim CFO, and other general management roles. Prior to his employment with ArvinMeritor, Sachdev served as CFO for one of Cummins, Inc.'s largest business units. Mr. Sachdev earned his Masters in Business Administration degree from Indiana University, a Masters degree in Engineering from the University of Illinois and his Bachelors degree in Mechanical Engineering from the prestigious Indian Institute of Technology in New Delhi. He also serves as a member of the Board of Directors of Regal Beloit.
Sigma-Aldrich is a leading Life Science and High Technology company. Our biochemical and organic chemical products and kits are used in scientific and genomic research, biotechnology, pharmaceutical development, the diagnosis of disease and as key components in pharmaceutical and other high technology manufacturing. We have customers in life science companies, university and government institutions, hospitals and in industry. Over one million scientists and technologists use our products. Sigma-Aldrich operates in 36 countries and has 8,000 employees providing excellent service worldwide. We are committed to accelerating our Customers' success through leadership in Life Science, High Technology and Service. For more information about Sigma-Aldrich, please visit our award winning web site at http://www.sigma-aldrich.com.
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