CMPS - COMPASS Pathways announces CFO transition | Benzinga
LONDON, Oct. 26, 2023 (GLOBE NEWSWIRE) -- COMPASS Pathways plc (NASDAQ:CMPS) ("COMPASS" or the "company"), a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health, today announced that Mike Falvey, Chief Financial Officer, will depart the company on November 3, 2023, to pursue other opportunities. Mary-Rose Hughes, current Vice President of Finance at COMPASS, will assume the role of interim CFO effective today. COMPASS has begun a search to select a permanent Chief Financial Officer.
"On behalf of the Board and the company, we thank Mike for his leadership and the many contributions he made during his tenure at COMPASS," said Kabir Nath, Chief Executive Officer of COMPASS Pathways. "He played a vital role in our recently completed private placement, which both extended the company's cash runway beyond expected key phase 3 top-line clinical data readouts and brought leading biotech investors into our shareholder base. We wish Mike continued success in his future endeavours."
Ms. Hughes joined COMPASS as its second finance team employee in May 2020. She has deep knowledge of COMPASS's business and has led the creation and operation of the company's financial operations, treasury, tax, financial planning and analysis, and external reporting. She played a key role in COMPASS's IPO, follow-on public equity offering, term loan facility, and private placement financing. Prior to joining COMPASS, Ms. Hughes began her career in public accounting with Ernst and Young and was Head of Financial Reporting for Veolia UK & Ireland. She earned her LLB in Law at Queen's University, Belfast and her ACA qualification from Chartered Accountants, Ireland.
About COMPASS Pathways
COMPASS Pathways plc (NASDAQ:CMPS) is a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health. Our focus is on improving the lives of those ...