Meridian Bioscience (VIVO) Announces Retirement of CFO Bryan Baldasare

Meridian Bioscience, Inc. (NASDAQ: VIVO), a leading global provider of diagnostic testing solutions and life science raw materials, announced today that Bryan Baldasare, Executive Vice President, Chief Financial Officer, and Secretary, will retire from Meridian effective December 31, 2021. The Company is engaging an executive search firm in the recruitment of a new chief financial officer. The Company appointed Julie Smith to the position of Senior Vice President, Controller, effective December 6, 2021, and principal accounting officer, effective January 1, 2022.

Mr. Baldasare joined Meridian in 2000 and has served as CFO since July 2019. During his tenure, Meridian grew its revenues by over 500%, developed and launched dozens of new products, expanded into a diversified global business with 15 sites in 10 countries, and managed through the COVID-19 pandemic as a much stronger enterprise.

Bryan Baldasare stated, "It has been a pleasure supporting Meridian for the last 21 years, including under the leadership of every CEO dating back to the founder, Bill Motto. This company has grown to be a leader in the healthcare industry, and I am particularly proud of Meridian's global contribution to fighting the COVID-19 pandemic. Meridian has the strongest balance sheet and most valuable of assets of any time in my tenure, and I look forward to continuing to follow its success."

Jack Kenny, CEO, said, "Bryan has been a great business partner to me and made a substantial impact on the organization over the years. The broader Meridian team and I will miss him and his leadership. Bryan leaves us with strong finance, accounting, and information technology organizations, which will ensure continuity through this transition. We wish him great success in whatever lies ahead."

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