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Anika Therapeutics Names Sylvia Cheung As Chief Financial Officer

Anika Therapeutics, Inc. (Nasdaq: ANIK) today announced the appointment of Sylvia Cheung as the company’s Chief Financial Officer, effective April 1, 2013. Cheung, who has served as Anika’s Vice President for Strategic Processes since February 2012, will succeed Kevin W. Quinlan, who is leaving Anika effective March 31, 2013 to pursue other professional opportunities. The company also today provided its preliminary unaudited revenue results for the fourth quarter and full year ended December 31, 2012.

Cheung, 38, brings to Anika more than 16 years of financial and general management experience. Prior to her current position as Vice President of Strategic Processes, Cheung served as General Manager for the company’s Italy-based subsidiary, Anika Srl. She joined Anika as Controller in 2005. In addition to fulfilling wide-ranging financial responsibilities as Controller, Cheung led the company’s integration of Anika Srl subsequent to its acquisition in 2009. Prior to Anika, she held a series of progressively responsible financial management positions at Transkaryotic Therapies, Inc. Cheung holds a bachelor of business administration degree in accounting from the University of Massachusetts in Amherst, a master’s degree in business administration from Boston University, and is a Certified Public Accountant (inactive).

“Serving as our new Chief Financial Officer will enable Sylvia to apply her financial acumen and business experience not only in leading Anika’s finance team, but in playing a key role in our efforts to strategically position the company for growth,” said Charles H. Sherwood, Ph.D., Anika’s President and Chief Executive Officer. “Sylvia has the ideal combination of talents, skills and experience – as well as a record of success as a member of Anika’s senior management team – to ensure continuity in the CFO position and help advance our company into the future.”

“On behalf of the board of directors, I extend our thanks to Kevin Quinlan for his years of dedicated service with Anika,” Sherwood said. “We look forward to Kevin’s continued contributions during the transition process in the weeks ahead, and wish him success in his future endeavors.”

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