Milestone Scientific (MLSS) Announces Promotion of Arjan Haverhals to CEO - StreetInsider.com

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Milestone Scientific Inc. (NYSE: MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today announced that in connection with the Company’s previously disclosed succession plan: Leonard Osser announced his intention to resign as Interim Chief Executive Officer; the Board of Directors has promoted Jan Adriaan (Arjan) Haverhals, President of the Company, to also serve as Chief Executive Officer of Milestone Scientific; and Leonard Osser has been elected Vice Chairman of the Board of Directors of the Company - each effective May 19, 2021. The Company is also pleased to announce that it has appointed Scott Kahn as Chief Financial Officer, effective May 24, 2021. Mr. Kahn will succeed Joseph D’Agostino who retired from Milestone Scientific last month.

Leonard Osser, Interim CEO of Milestone Scientific, stated, "I am very pleased to announce Arjan’s promotion to CEO of Milestone Scientific. It is well deserved as Arjan has been instrumental in implementing successful sales and marketing activities around the dental instrument and accelerating the commercialization of CompuFlo® and CathCheck™. Arjan’s strong leadership will be invaluable as we work towards our goal of establishing our technology as standard of care in epidural procedures during labor and delivery, around the world. Additionally, we are pleased to welcome Scott Kahn to the management team. Scott brings more than 40 years of leadership with a proven track record in corporate and finance and operations. His deep experience and strong track record as a CFO of several pharmaceutical and medical device companies will be important as we grow our company and expand our global footprint. I look forward to playing an active role in the growth and success of the Company going forward.”

“The Company and Board of Directors would like to express our sincere gratitude to Leonard Osser for his significant contributions and outstanding leadership he provided Milestone over the years,” stated Leslie Bernhard, Chairman of the Board of Milestone Scientific. “Len has executed on a focused vision of advancing and delivering Milestone’s computerized drug delivery instruments to market and we look forward to continuing to benefit from his thoughtful counsel and active involvement in the Company as the Vice Chairman of the Board. In addition, Leonard Osser will continue as Managing Director of China Operations. We have been preparing this transition for some time and look forward to Arjan’s participation in his new role as CEO as we prepare for the next phase of our growth.”

About Arjan Haverhals

Mr. Haverhals has served as Milestone Scientific's President since September 2020 and as President and Chief Executive Officer of Milestone Scientific’s Dental Division, Wand Dental Inc., since June 2020. He brings more than 30 years of sales, marketing, product development, and international expansion experience within the medical device, pharmaceutical, and other industries. Prior to joining the Company, Mr. Haverhals was Senior Vice President of Sales at Xcentric Mold & Engineering, where he was instrumental in increasing sales productivity and efficiency for the company's prototype injection molding services, which included leading healthcare company clients. Previously, at Straumann, LLC, a global leader in manufacturing medical and dental devices with over $1 billion in sales, he held a series of senior sales and marketing roles including Vice President of customer marketing & education, where he oversaw all product franchises and led the launch of more than 30 products in the North American market, resulting in double-digit growth. He also served as Senior Vice President for the Nordic Region at Straumann AB, Senior Vice President of Global Sales Digital Solutions, which included oversight of the strategic acquisition of Etkon; and served as Vice President of the Prosthetics Business Unit, where he introduced a new implant and prosthetics product line within a new market segment. He also served as Vice President of Global Marketing & Sales at Elkem AS, one of Norway's largest industrial companies. Previously, Mr. Haverhals served as Executive Vice President of Marketing & Sales at Cresco Ti Systems Sàrl, a global dental implant company, where he was responsible for turning around and managing global sales, marketing, and international business, where he achieved over 100% return on investment for shareholders. Mr. Haverhals holds an MS in Pharmacy from the University of Leyden in the Netherlands.

About Scott Kahn

Scott Kahn is a seasoned financial leader with over four decades of experience in diverse organizations from Fortune 500 companies to start-ups. Prior to joining Milestone Scientific, Mr. Kahn served as CFO and Vice President at Diopsys since July 2006 where he was responsible for all accounting, finance, human resources and investor relations. Prior to joining Diopsys, Mr. Kahn served as CFO at Diamond Chemical Co., Inc., a privately held chemical manufacturer. Prior to becoming CFO at Diamond Chemical Co. Inc., Mr. Kahn was a Corporate Controller of Pharmaceutical Formulations, Inc., a publicly traded pharmaceutical manufacturer. Previously, Mr. Kahn held various finance, strategy and operational leadership roles. Mr. Kahn received a B.A. in Accounting from Franklin and Marshall College and an M.B.A. in International Business from Rutgers University. He is a Certified Public Accountant licensed in the State of New York.

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