Castle Biosciences’ Founder, President and CEO Derek Maetzold Named an EY Entrepreneur Of The Year® 2024 Gulf South Award Winner

Rhea-AI Summary

Castle Biosciences has announced that its founder, president, and CEO, Derek Maetzold, has been named an EY Entrepreneur Of The Year® 2024 Gulf South Award winner. The award recognizes Maetzold’s impactful leadership and the company’s innovative healthcare solutions since its inception in 2008. The selection was made by an independent panel that evaluated candidates on their entrepreneurial spirit, long-term value creation, and substantial business impact. Castle Biosciences has grown to over 690 employees and generated approximately $220 million in revenue in 2023. Maetzold is now eligible for the national awards, with winners to be announced in November and potentially competing for the World Entrepreneur Of The Year Award in June 2025.

Positive

• Derek Maetzold's recognition as an EY Entrepreneur Of The Year® 2024 Gulf South Award winner.
• Castle Biosciences' significant growth to over 690 employees.
• Revenue of approximately $220 million in 2023.
• Eligibility for national and potentially world awards, enhancing company prestige.
• Independent panel judged award, adding credibility.

Negative

• The press release did not highlight any financial or operational negatives directly.

Maetzold selected as a winner of Ernst & Young’s prestigious annual awards among 48 visionary finalists in the Gulf South region, encompassing Central and South Texas, Louisiana and Mississippi

FRIENDSWOOD, Texas--(BUSINESS WIRE)-- Castle Biosciences, Inc. (Nasdaq: CSTL), a company improving health through innovative tests that guide patient care, today announced that its founder, president and chief executive officer, Derek Maetzold, has been named by Ernst & Young LLP (EY) as an Entrepreneur Of The Year® 2024 Gulf South Award winner. Now in its 38th year, Entrepreneur Of The Year is the preeminent competitive awards program that celebrates entrepreneurs and leaders of high-growth companies who disrupt markets, revolutionize sectors and have a transformational impact on lives.

“I am deeply honored and humbled to have been selected as the recipient of this esteemed award among the many other game-changing entrepreneurs who are also striving to make a difference,” said Maetzold. “At Castle, success is not just about the bottom line. It is about making a meaningful impact in this world by keeping people first — the patients and clinicians we serve, our employees and our investors — and by relentlessly pursuing excellence and innovation in all that we do.”

Maetzold was selected by an independent judging panel made up of previous award winners, leading CEOs and other business leaders. Candidates were evaluated based on their ability to create long-term value through entrepreneurial spirit, commitment to their purpose and the demonstration of growth and substantial impact, among other core contributions and attributes.

Maetzold founded Castle Biosciences in 2008 in an effort to improve care for patients with rare cancers. This foundational premise — that all patients deserve access to innovative tests that harness their unique biology to help clinicians make more informed choices for their care — continues to infuse the Company’s mission, vision, values and culture. Since its inception, the Company has grown from three initial employees to more than 690 nationwide, with revenue of approximately $220 million in 2023.

Entrepreneur Of The Year recognizes many different types of business leaders for their ingenuity, courage and entrepreneurial spirit. The program celebrates original founders who bootstrapped their business from inception or who raised outside capital to grow their company; transformational CEOs who infused innovation into an existing organization to catapult its trajectory; and multigenerational family business leaders who reimagined a legacy business model to fortify it for the future.

As a Gulf South award winner, Maetzold is now eligible for consideration for the Entrepreneur Of The Year 2024 National Awards. The National Award winners, including the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the Strategic Growth Forum®, one of the nation’s most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the World Entrepreneur Of The Year Award in June 2025.

The comprehensive list of Entrepreneur Of The Year 2024 Gulf South Award winners can be viewed here.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards include presenting sponsors PNC Bank, Cresa, Marsh USA, SAP and the Ewing Marion Kauffman Foundation. In the Gulf South, sponsors also include ADP, DLA Piper, Marsh McLennan Agency, vcfo, Big Picture Inc., and Pierpont Communications.

About Castle Biosciences

Castle Biosciences (Nasdaq: CSTL) is a leading diagnostics company improving health through innovative tests that guide patient care. The Company aims to transform disease management by keeping people first: patients, clinicians, employees and investors.

Castle’s current portfolio consists of tests for skin cancers, Barrett’s esophagus, mental health conditions and uveal melanoma. Additionally, the Company has active research and development programs for tests in other diseases with high clinical need, including its test in development to help guide systemic therapy selection for patients with moderate-to-severe atopic dermatitis, psoriasis and related conditions. To learn more, please visit www.CastleBiosciences.com and connect with us on LinkedIn, Facebook, X and Instagram.

DecisionDx-Melanoma, DecisionDx-CMSeq, DecisionDx-SCC, MyPath Melanoma, DiffDx-Melanoma, TissueCypher, IDgenetix, DecisionDx-UM, DecisionDx-PRAME and DecisionDx-UMSeq are trademarks of Castle Biosciences, Inc.

About Entrepreneur Of The Year®

Founded in 1986, Entrepreneur Of The Year® has celebrated more than 11,000 ambitious visionaries who are leading successful, dynamic businesses in the U.S., and it has since expanded to nearly 80 countries and territories globally.

The U.S. program consists of 17 regional programs whose panels of independent judges select the regional award winners every June. Those winners compete for national recognition at the Strategic Growth Forum® in November where National finalists and award winners are announced. The overall National winner represents the U.S. at the World Entrepreneur Of The Year® competition. Visit ey.com/us/eoy.

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240612451721/en/

Investor Contact:

Camilla Zuckero

czuckero@castlebiosciences.com

Media Contact:

Allison Marshall

amarshall@castlebiosciences.com

Source: Castle Biosciences Inc.

FAQ

Who won the EY Entrepreneur Of The Year® 2024 Gulf South Award?

Derek Maetzold, founder, president, and CEO of Castle Biosciences, won the EY Entrepreneur Of The Year® 2024 Gulf South Award.

What is Castle Biosciences' stock symbol?

Castle Biosciences' stock symbol is CSTL.

How many employees does Castle Biosciences have?

Castle Biosciences has over 690 employees.

What was Castle Biosciences' revenue in 2023?

Castle Biosciences generated approximately $220 million in revenue in 2023.

What regions are included in the Gulf South for the EY awards?

The Gulf South region includes Central and South Texas, Louisiana, and Mississippi.

When will the Entrepreneur Of The Year 2024 National Awards be announced?

The Entrepreneur Of The Year 2024 National Awards will be announced in November.

What is the next stage if Derek Maetzold wins the national award?

If Derek Maetzold wins the national award, he will compete for the World Entrepreneur Of The Year Award in June 2025.