OAKLAND PARK, Fla., Aug. 23, 2018 (GLOBE NEWSWIRE) -- Paymeon, Inc. announced the appointment of David Anderson as Interim Chief Executive and Principal Financial Officer. In conjunction with the appointment of Mr. Anderson, the Company accepted the resignation of Vincent L. Celentano as Chief Executive and Principal Financial Officer of the Company and its subsidiaries.

Mr. Anderson has more than 25 years’ experience in the construction and agricultural industries, having devoted significant specialization to the manufacture of specialized plastics and composite materials.

During his career, Mr. Anderson has served in positions related to all aspects of corporate development for various entities, including in sales, marketing and business development for two elite manufacturers that specialize in varying extrusion processes, Monahan Filaments (Formerly Specialized Filaments) and Fabpro Oriented Polymers, Inc. Prior to working with Monahan, Mr. Anderson spent more than 16 years at Fabpro, where he led the growth of the company to $73 million in sales and oversaw it becoming the largest producer of synthetic fibers for reinforcement in North America.

Mr. Anderson also has extensive experience in plant operations and compliance and has developed and completed successful projects throughout North America. As an industry consultant, Mr. Anderson has utilized his manufacturing and business experience to provide manufacturing companies with leadership for Turn-Arounds, Professional Training and Growth Programs.

Vincent L. Celentano, the Company’s exiting CEO, stated “we are excited to partner with someone of Mr. Anderson’s talent and experience to help us plan and execute our strategy and approach to what we believe is a very large opportunity.”