CALGARY, Jan. 12 /PRNewswire-FirstCall/ - The Board of Directors of SemBioSys Genetics Inc. (TSX:SBS), a biotechnology company developing protein pharmaceuticals in crop plants, today announced that current President and CEO Andrew Baum has been appointed to the new position of President and CEO of Botaneco Specialty Ingredients Inc., a SemBioSys subsidiary. James Szarko, currently the corporation's Chief Financial Officer, has been named the new President and Chief Executive Officer of SemBioSys, effective immediately. Mr. Szarko, in collaboration with the Company's internal financial team, will continue as finance lead at SemBioSys. Dr. Maurice Moloney, Company Founder and Chief Scientific Officer, Dr. Bruce Given, acting Chief Medical Officer, and Dean Brown, VP of Business Development, will all continue in their current roles with the Corporation.
"With the significant progress that we have made at SemBioSys and the aggressive growth of our Botaneco subsidiary, this change allows us to ensure that we have key leadership in these critical roles as we work to unlock the potential of both platforms in our business," said Richard Smith, Chairman of SemBioSys. "James' knowledge of our business makes him the natural successor from the Board's perspective. His outstanding leadership skills, coupled with his performance over the past four years as Chief Financial Officer of SemBioSys and sound fiscal judgment, make him the ideal candidate to lead the strong executive and management team which the Company now has in place. Also on behalf of the Board of Directors, I would like to thank Andrew for his service and commitment to SemBioSys. His leadership was essential in helping us bring our plant-produced insulin forward into clinical trials and to initiate the negotiations now underway for our insulin and Apo AI candidates."
James Szarko joined SemBioSys in September 2004 as Chief Financial Officer. He has 23 years of business and leadership experie
|SOURCE SemBioSys Genetics Inc.|
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