SABSW - SAB Biotherapeutics Announces Departure of Chief Financial Officer | Benzinga
MIAMI, May 30, 2024 (GLOBE NEWSWIRE) -- SAB Biotherapeutics (NASDAQ:SABS) (the "Company" or "SAB"), a clinical-stage biopharmaceutical company with a novel immunotherapy platform developing a human anti-thymocyte immunoglobulin (hIgG) for delaying the onset or progression of T1D, today announced that effective June 4, its Chief Financial Officer Michael King will be departing the company to accept a role as CEO at a privately-held oncology company. He will continue as an advisor to SAB through the end of the year.
The SAB Board of Directors has launched a formal search process to identify Mr. King's permanent replacement. While this search is underway, Mark Conley, SAB's current Vice President of Finance and an industry veteran with 38 years of biotech finance and accounting experience, will continue supporting SAB as Interim CFO.
"Mike has been an outstanding partner as we continue to grow the Company, and we wish him the best in his next role," said Samuel J. Reich, Chairman and CEO. "As we begin our search, I'm very optimistic about the future of SAB as we continue expanding our clinical program to pioneer our disease-modifying therapy for type 1 diabetes."
"I want to thank SAB, its board and employees for the opportunity to work together and I look forward to my role as an advisor moving forward," added Michael King. "I hold SAB's mission in high regard and look forward to ...