STOCK TITAN

Celularity Promotes Two Executives in Executive Leadership Team

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

Celularity Inc. (Nasdaq: CELU) announced the promotion of John R. Haines to Senior Executive Vice President and Chief Administrative Officer, and Brad Glover, Ph.D., to Executive Vice President and Chief Operating Officer. Both will serve on a newly established Executive Committee led by CEO Robert J. Hariri. Haines will spearhead international expansion strategies and oversee business operations, while Glover will manage corporate strategic planning and operational decision-making. These leadership changes aim to enhance Celularity's growth in cell therapy and biomaterials.

Positive
  • Promotion of John R. Haines and Brad Glover expected to strengthen leadership.
  • Focus on international expansion and strategic initiatives may lead to new growth opportunities.
Negative
  • Management changes could disrupt continuity in business operations.

FLORHAM PARK, N.J., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Celularity Inc. (Nasdaq: CELU) (“Celularity”), a clinical-stage biotechnology company developing placenta-derived allogeneic cell therapies, announced the promotion of two senior executives and the formation of a new Executive Committee.

John R. Haines was named Senior Executive Vice President, General Manager and Chief Administrative Officer, having served previously as Chief Operating Officer. Brad Glover, Ph.D., was named Executive Vice President and Chief Operating Officer, having served previously as Executive Vice President and Chief Technical Officer. Both Mr. Haines and Dr. Glover will serve on a newly formed Executive Committee under Robert J. Hariri, M.D., Ph.D., Celularity’s Chair, Chief Executive Officer, and Founder.

Mr. Haines joined our company in September 2017 as Executive Vice President and Chief Administrative Officer and was named Chief Operating Officer in October 2020, a role he continued at Celularity following the July 2021 business combination. In his new role, Mr. Haines will lead Celularity’s internationalization and global expansion strategy. He will also be responsible for business and administrative operations and strategic initiatives, including mergers, acquisitions and divestitures. Mr. Haines holds graduate degrees from the University of Pennsylvania, the University of Pennsylvania Graduate School of Medicine, and King’s College, London, and earned a postgraduate diploma from Stanford University. He is an honors graduate of Villanova University, where he earned a B.A. in Economics.

Dr. Glover joined our company in March 2021 as Executive Vice President and Chief Technology Officer, a role he continued at Celularity following the July 2021 business combination. In his new role as Chief Operating Officer, Dr. Glover will take on additional responsibilities including corporate strategic planning, strategic and operational decision-making, corporate oversight, human resources and enterprise expansion. Dr. Glover holds a Ph.D. in biochemistry and molecular genetics from the University of Colorado, an M.B.A. from the Rady School of Management at the University of California, San Diego, and a Bachelor of Science degree in biochemistry from the University of California, San Diego. Dr. Glover was also a Jane Coffin Childs Medical Research Fellow at the University of California, Berkeley.

“John and Brad bring proven leadership at Celularity as we map and execute the expansion of our cell therapy and biomaterials businesses, including outside the United States,” said Robert J. Hariri, M.D., Ph.D., Celularity’s Chair, Chief Executive Officer, and Founder, adding, “I look forward to the contributions they will continue to make in their expanded roles."

About Celularity

Celularity Inc. (Nasdaq: CELU) headquartered in Florham Park, N.J., is a clinical stage biotechnology company leading the next evolution in cellular medicine by developing allogeneic cryopreserved off-the-shelf placental-derived cell therapies, including therapeutic programs using unmodified natural killer (NK) cells, genetically modified NK cells, T-cells engineered with a CAR (CAR T-cells), and mesenchymal-like adherent stromal cells (ASCs). These therapeutic programs target indications in cancer, infectious and degenerative diseases. In addition, Celularity develops and manufactures innovative biomaterials also derived from the postpartum placenta. Celularity believes that by harnessing the placenta’s unique biology and ready availability, it can develop therapeutic solutions that address significant unmet global needs for effective, accessible, and affordable therapies.

To learn more, visit celularity.com.

Celularity Investor Contacts:
Carlos Ramirez SVP, Investor Relations
Celularity Inc.
carlos.ramirez@celularity.com


FAQ

What management changes occurred at Celularity on October 6, 2022?

Celularity announced the promotions of John R. Haines to Senior Executive Vice President and Chief Administrative Officer, and Brad Glover, Ph.D., to Executive Vice President and Chief Operating Officer.

What are the new roles of Haines and Glover at Celularity?

Haines will lead international expansion and oversee business operations, while Glover will manage corporate strategic planning and operational decision-making.

How might the management changes impact Celularity's business?

The promotions may enhance leadership effectiveness, but potential disruptions in business continuity could occur.

Celularity Inc.

NASDAQ:CELU

CELU Rankings

CELU Latest News

CELU Stock Data

50.03M
11.37M
50.39%
14.86%
4.25%
Biotechnology
Pharmaceutical Preparations
Link
United States of America
FLORHAM PARK