Join our daily newsletter At The Bell to receive exclusive market insights
- Living Cell Technologies’ (LCT) CEO retires and its Chair Professor Bernie Tuch steps up as interim CEO
- Dr Ken Taylor retires following seven years as CEO and three years on the board of the Australasian biotechnology company
- Professor Tuch, who was chairman of the Remuneration and Nomination Committee, will take on the interim position as of July 16
- Looking forward, the company announced it has been undertaking confidential discussions to explore opportunities for new projects and partnerships
- Shares are trading 7.14 per cent higher at 1.5 cents at 10:04 am AEST
Living Cell Technologies’ (LCT) CEO has retired, and its Chair Professor Bernie Tuch is stepping up as interim CEO.
Dr Ken Taylor retired today, following seven years as CEO of the Australasian biotechnology company.
He has also subsequently left the board of LCT after being appointed in August 2018.
Professor Tuch, who was chairman of the Remuneration and Nomination Committee will take on the interim position as of July 16.
Commenting on Dr Ken Taylors retirement, professor Tuch said the company is extremely grateful for his contribution and leadership.
“LCT has benefited greatly from his experience and international connections”
According to LCT, the interim CEO has been supervising a bioengineering diabetes cell therapy project at the University of Technology Sydney.
Previously, he was a senior scientist with CSIRO Australia.
He is noted as having previous scientific collaborations with LCT and believes he knows the company’s direction intimately.
Living Cell Technologies is focused on discovering and developing novel treatments for debilitating conditions such as diabetes and Parkinson’s disease.
Looking forward, the company announced it has been undertaking confidential discussions to explore opportunities for new projects and partnerships.
Shares were trading 7.14 per cent higher at 1.5 cents at 10:04 am AEST.
