Alumnus Sachdev named Aceto chairman
Aceto, a leading virtual manufacturer engaged in the development, marketing and sale of specialty materials serving the life sciences, nutrition, agricultural and advanced technology end markets, announced the appointment of MechSE alumnus Rakesh Sachdev (MSME ’81) as Chairman of the Board of Directors. Gilles Cottier was named Chief Executive Officer.
“We are pleased to welcome Gilles and Rakesh to Aceto,” said Andre Moura, Managing Director at New Mountain Capital. “Gilles and Rakesh have both demonstrated an exceptional ability to understand customer need and create value for customers, employees and supplier partners within the specialty materials and life sciences industries. We look forward to working closely with Gilles and Rakesh as we invest behind a growth plan to continue Aceto’s success in the markets it serves.”
Sachdev recently retired as the CEO of Platform Specialty Products. Previously, he served as President and CEO of Sigma Aldrich, a global life sciences materials and technology company from 2010 to 2015, where he led the organization through its sale to Merck KGaA. Mr. Sachdev earned an M.B.A. from Indiana University, a master’s degree in Engineering from the University of Illinois, and a bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology in New Delhi. He also serves as a Senior Adviser at New Mountain Capital and as a director of Avantor Inc., Element Solutions Inc., Edgewell Personal Care Company, Regal Beloit Corporation, and Washington University in St. Louis.
“Aceto is a leading player in the specialty materials and life science spaces,” said Sachdev. “Alongside New Mountain, Gilles, and the rest of the management team, I look forward to executing on a strategy to invest in key initiatives and promote accelerated growth going forward. I am thrilled to work once again with Gilles, who, at Sigma Aldrich, consistently demonstrated his outstanding ability to lead and to execute on our strategy in the life sciences and specialty materials spaces.”
Founded in 1947, Aceto is a leading global virtual manufacturer supplying niche, differentiated specialty materials in life sciences and advanced technology end markets. With business operations in nine countries, Aceto distributes over 1,100 chemical compounds used principally by the pharmaceutical, nutraceutical, agricultural, and specialty chemical industries. Aceto’s global operations, including a significant staff on the ground in China and India, are distinctive in the industry and enable its worldwide sourcing and regulatory capabilities.