Zymark appoints new CFO

Zymark Corporation announces the appointment of Peter F. McAree, to the position of Vice President and Chief Financial Officer.

May 23, 2001—Zymark Corporation announces the appointment of Peter F. McAree, to the position of Vice President and Chief Financial Officer. During the last six months, McAree has been working as a strategic adviser with Zymark and assumes the CFO and VP position immediately. He brings to the company more than 15 years of diverse financial strategy experience working with high tech and emerging growth businesses.

"We are very fortunate to have attracted someone with the experience and talent to help us manage the strong growth of our productivity tools business," stated Kevin Hrusovsky, President and CEO of Zymark. " With Peter's guidance, we will be able to accelerate our rate of growth and evaluate new business opportunities, including potential acquisitions."

McAree was CFO of Iconomy, a provider of end-to-end outsourced e-Commerce services. Previously, McAree held senior management positions with Elcom, as Executive Vice President/Acting President, and Geerlings & Wade, where he was Chief Financial Officer. McAree began his career in the Enterprise Group of Arthur Andersen LLP in Boston. He is graduate of Bentley College and a licensed Certified Public Accountant. McAree resides with his family in Hopkinton, MA.

Zymark Corporation, headquartered in Hopkinton, MA, is the world's leading supplier in laboratory automation for pharmaceutical and biotechnology applications. The company employs approximately 365 people in the US, Canada, Europe and Japan, and has authorized sales and service organizations in more than 35 countries throughout the rest of the world.

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