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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Moberg Pharma Ab (publ) | LSE:0P48 | London | Ordinary Share | SE0003613090 | MOBERG PHARMA ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 30.45 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
STOCKHOLM, April 8, 2019 /PRNewswire/ -- Moberg Pharma AB (OMX: MOB) has a nimbler organization following the divestment of its OTC business, and intends to adapt the leadership accordingly. The Board of Directors and Nomination Committee have therefore proposed the appointment of Anna Ljung as the new CEO of Moberg Pharma, while current CEO Peter Wolpert will transition to a role as Executive Chairman of the Board of Directors. At the same time, a new management team is proposed based on the company's new situation and focus. The organizational changes are contingent on the approval of the Annual General Meeting (AGM) and the Board of Directors elected by the AGM.
The divestment of the OTC business on March 29, 2019 represents a significant change for Moberg Pharma in terms of both strategic direction and organization. Approximately half of the previous employees remain in the company, focusing on the development and commercialization of the drug project MOB-015, while the rest have followed the OTC business to the new owners. The new conditions motivate a change in leadership to a new, smaller management team appropriate for the challenges ahead.
According to the proposal of the Board of Directors and Nomination Committee, Anna Ljung will be appointed as the new CEO of Moberg Pharma, while current CEO Peter Wolpert will transition to a role as Executive Chairman of the Board. As proposed, the new management team will consist of four individuals: Anna Ljung (CEO), Torbjörn Wärnheim (Deputy CEO and Senior Vice President R&D), Sarah Hellerfeldt (CFO) and Annica Magnusson (Senior Director Regulatory Affairs). In addition, the company has engaged Dr. Amir Tavakkol as Senior Advisor R&D, bringing unique experience in the development and registration of nail fungus medications in the US.
"I look forward to the opportunity to transition to a role as Executive Chairman while remaining close to the new management. After 13 intensive years as CEO of Moberg Pharma, it is important for me to be able to spend more time with my family, as well as continuing to contribute in a valuable way according to the company's new needs," says Peter Wolpert, CEO of Moberg Pharma AB.
The organizational changes are expected to be effective from May 16, 2019 and are contingent on the approval of the incoming Board of Directors elected at the AGM on May 15, 2019, based on the Nomination Committee's proposal; see separate press release. As proposed, the company's new management will be as follows:
CONTACT:
For additional information, please contact:
Peter Wolpert, CEO, phone: +46-707-35-7135, e-mail: peter.wolpert@mobergpharma.se
Anna Ljung, CFO, phone: +46-707-66-6030, e-mail: anna.ljung@mobergpharma.se
About this information
This is information that Moberg Pharma AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (MAR). The information was submitted for publication, through the contact persons set out above at 16.00 CET on April 8, 2019.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/moberg-pharma/r/proposed-management-changes-at-moberg-pharma,c2783219
The following files are available for download:
https://mb.cision.com/Main/1662/2783219/1021676.pdf | Proposed management changes at Moberg Pharma |
View original content:http://www.prnewswire.com/news-releases/proposed-management-changes-at-moberg-pharma-300826109.html
SOURCE Moberg Pharma
Copyright 2019 PR Newswire
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