Promotion of Mr. Bruce Pritchard to the newly created position of Chief Operating Officer
(OTCQX: PFSCF), ("ProMetic
" or the "Corporation") announced today the promotion of Mr. Bruce Pritchard
to the newly created position of Chief Operating Officer ("COO") as well as the nomination of Mr. Stefan Clulow to its Board of Directors, both effective as of today August 12, 2014.
the interim, continue to assume his
Chief Financial Officer duties until his
replacement is duly appointed.
"In his new role, Bruce will assume responsibility for a number of key areas, including Global Manufacturing Operations, Supply Chain, and Logistics, while retaining an oversight role in Finance," continued Mr. Laurin.
"This will enable me to focus on strategic matters and value creation, specifically in the fields of research and development, the commercialization of our pharmaceutical products and business and corporate development. Over his
eight years in senior finance positions within the group, Bruce
has built a strong understanding of ProMetic's
operations, and has demonstrated strong stewardship of its finances.
It gives me great comfort to know that the new COO role will be in Bruce's
"I am excited to be taking on these new responsibilities at such a pivotal time in ProMetic's
has in place the required elements to become a rare disease and orphan drug industry leader.
I look forward to contributing to the successful completion of our transition into a specialty pharmaceutical corporation", stated Mr. Bruce Pritchard, ProMetic's newly appointed Chief Operating Officer and current Chief Financial Officer.
Mr. Bruce Pritchard joined ProMetic as CFO of its UK subsidiary, ProMetic BioSciences Ltd, in 2006 and was promoted CFO of the group in 2008.
He is a chartered accountant with many years of experience in corporate accountancy including senior finance positions with biotech and pharmaceutical companies, and a proven track record of success in strategic acquisitions and raising finance from public and private sources.
Mr. Pritchard is currently a member of the Governing Council of The Institute of Chartered Accountants of Scotland, a member of the Board of Examiners of The Institute of Directors and is a Non-Executive Director of both Imanova Limited and Being Digital Limited.
A Heriot-Watt University graduate, Mr. Pritchard gained a BA in Accountancy and Computer Science in 1993; he qualified as a Member of the Institute of Chartered Accountants of Scotland in 1996.