GLO PHARMA APPOINTS CURRENT EXECUTIVE CHAIRMAN OF THE BEAUTY HEALTH COMPANY AND FORMER ALLERGAN PLC CEO BRENT SAUNDERS TO ITS BOARD OF DIRECTORS

Rhea-AI Summary

On August 24, 2022, GLO Pharma announced the appointment of Brent Saunders to its Board of Directors, expanding the board to six members. Saunders, currently Executive Chairman of The Beauty Health Company, brings extensive leadership experience in biopharma and medical aesthetics, having previously held CEO roles at Allergan and Forest Laboratories. His expertise is expected to bolster GLO Pharma's strategy as it enhances its consumer brand, Ourself, which launched in February 2022 with $40M in funding. Chairman Scott Glenn emphasized Saunders' pivotal role in company innovation.

Positive

• Appointment of Brent Saunders expected to strengthen board expertise in biopharma and medical aesthetics.
• Enhances leadership with a proven track record of successful mergers and acquisitions.
• Support for product innovation in the wrinkle relaxer category.

Negative

• Potential concerns over continuity with recent management changes.

NEW YORK, Aug. 24, 2022 /PRNewswire/ -- GLO Pharma, the parent company of breakthrough subtopical skincare brand Ourself, today announces the appointment of Brent Saunders to its Board of Directors. Mr. Saunders, who currently serves as Executive Chairman of The Beauty Health Company, will join the board effective immediately. His appointment adds a new seat to the GLO Pharma board, which now consists of six members and is led by Chairman Scott L. Glenn.

Mr. Saunders is a respected innovator who brings to the Board his extensive leadership experience in the biopharma and medical aesthetics sectors, having led several mergers and acquisitions and served as multiple leadership roles at prominent global pharmaceutical and healthcare companies.

From July 2020 to May 2021, Mr. Sauders served as President, Chief Executive Officer and Chair of the Board of Directors of Vesper Healthcare Acquisition Corp. ("Vesper"), and led Vesper's merger with The HydraFacial Company to become The Beauty Health Company, of which he continues to serve as Executive Chair. Prior, he served as CEO and President of Allergan plc ("Allergan"), best known as the maker of Botox, from July 2014 to May 2020, and was instrumental in leading Allergan's acquisition by AbbVie, Inc. He also served on Allergan's board July 2014 to May 2020, and as its Chair from October 2016 to May 2020.

Mr. Saunders previously served as Chief Executive Officer and President of Forest Laboratories, Inc. ("Forest"), and later as CEO of pharmaceutical company Actavis, after that company acquired Forest. Later, Saunders negotiated Actavis' merger with Allergan, which closed at $70.5 billion. Mr. Saunders also held the role of Chief Executive Officer of Bausch + Lomb Incorporated, a leading global eye health company, where he oversaw the company's acquisition by Valeant Pharmaceuticals in 2013. From 2003 to 2010, he held numerous leadership positions at Schering-Plough Corporation, where he led the company's merger with Merck & Co. and its acquisition of Organon BioSciences. He is the founder of the SPAC Vesper Healthcare Acquisition, and also currently serves on the boards of directors of BridgeBio Pharma, Inc. and Cisco (NASDAQ: CSCO).

"Mr. Saunders' experience with scaling and transforming biopharma and medical aesthetics businesses, first with Allergan and now with The Beauty Health Company, makes him an invaluable asset to the GLO Pharma Board," says Chairman Scott Glenn. "As we build out the product offering of our consumer brand Ourself and a roadmap of topical alternatives to medical procedures, Brent brings incredible insight to the conversation, especially as we develop new innovation in the wrinkle relaxer category in the near future."

This appointment follows the recent announcement of Rothy's CFO Dayna Quanbeck to the GLO Pharma Board, and launch of GLO Pharma's first consumer brand, Ourself, in February 2022. Ourself is backed by $40M in funding to date from investors including Lightspeed Venture Partners, First Round Capital, and Mr. Glenn.

Media Contact:
Factory PR // Liz Hill
liz@factorypr.com 

About GLO Pharma:

GLO Pharma is a biotechnology company dedicated to developing innovative approaches to beauty and aesthetics. It was founded in 2018 by Scott Glenn and Lauren Otsuki, innovators within the biotechnology space for over 20 years. Mr. Glenn and Ms. Otsuki previously founded and developed professional skincare companies Alastin Skincare and SkinMedica, along with numerous pharmaceutical companies aimed at solving some of the toughest medical issues in infertility, diabetes, cardiovascular disease, and cancer. In 2022, GLO Pharma launched its first consumer brand, Ourself, as the first-ever Subtopical Skincare System™, bridging the gap between traditional skincare products and clinical procedures through the use of biotechnology.

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SOURCE GLO Pharma

FAQ

Who is Brent Saunders and what is his significance to GLO Pharma?

Brent Saunders is appointed to GLO Pharma's Board of Directors, bringing extensive experience in biopharma and medical aesthetics, which is expected to enhance the company's strategic direction.

What impact does Brent Saunders' appointment have on GLO Pharma?

His appointment is anticipated to provide valuable insights for the company's innovation and growth strategies, specifically within its skincare brand Ourself.

When did GLO Pharma announce Brent Saunders' board appointment?

GLO Pharma announced Brent Saunders' appointment to the board on August 24, 2022.