Questcor Pharma Appoints Rajesh Asarpota As CFO - Quick Facts

(RTTNews) - Questcor Pharmaceuticals Inc. (QCOR) announced that it has appointed Rajesh Asarpota as its new Chief Financial Officer, effective February 17, 2014.

Questcor noted that Michael Mulroy, the Company's current Chief Financial Officer, will become Executive Vice President, Strategic Affairs and General Counsel, and spend increased time on the Company's recently announced initiative to investigate and evaluate potential strategic transactions to enhance shareholder value.

In addition, the Company announced that David Medeiros, Questcor's Executive Vice President & Chief Technical Officer, will transition to a non-executive advisory role later this year. Questcor said it is initiating a search for a new global head of manufacturing.

Asarpota, 47, joins Questcor from Life Technologies Corporation, where he most recently served in a global leadership role as Vice President, Finance. He also assisted the Life Technologies Board of Directors with evaluating strategic options for the company. Life Technologies was recently acquired by Thermo Fisher Scientific for approximately $13.6 billion in equity value.