STOCK TITAN

Frontage Announces CEO and President Promotions

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Frontage Holdings Corporation has announced the promotions of Dr. Abdul Mutlib to CEO and Dr. John Lin to President as of January 3, 2023. Dr. Mutlib has over 12 years of experience with Frontage, leading the Preclinical business, while Dr. Lin has been with the company for over 15 years, focusing on Bioanalytical and Biologics services. Founder Dr. Song Li remains Executive Chairman, emphasizing a focus on strategic growth. The leadership changes aim to enhance operational performance and prepare for future expansion, leveraging their extensive industry experience.

Positive
  • Dr. Abdul Mutlib and Dr. John Lin have extensive experience, with over 12 and 15 years respectively at Frontage.
  • Promotions reflect the company's growth, now employing over 1600 staff across 24 sites, indicating stability and expansion.
Negative
  • None.

EXTON, Pa., Jan. 3, 2023 /PRNewswire/ -- Frontage Holdings Corporation today announced that Dr. Abdul Mutlib has been promoted to CEO of the company, a role in which he succeeds Frontage's founder Dr. Song Li, who will remain as Executive Chairman of the Board of Directors.  Dr. John Lin has been promoted to President of Frontage Laboratories, Inc., the company's wholly-owned subsidiary.  Dr. Mutlib and Dr. Lin will each assume their new roles effective as of today.  As Executive Chairman, Dr. Li will continue to actively participate in the leadership of the company and focus on strategic growth opportunities.

Dr. Mutlib has been a member of Frontage's executive team for over 12 years, where he has overseen the success of the company's Preclinical (DMPK/Safety and Toxicology) business.  Likewise, Dr. Lin has been an executive with Frontage for over 15 years, responsible for building and leading the company's extensive Bioanalytical and Biologics service capabilities.

In announcing the promotions, Dr. Li said, "Frontage has enjoyed tremendous growth since its founding. The promotions announced today are intended to optimize the leadership structure of the company both to reflect our current size as a global organization with over 1600 employees across 24 sites and to position us for further growth as we move into the future.  Abdul and John are proven leaders who have delivered phenomenal results for Frontage for over a decade, and they are each trusted and respected throughout the organization and pharmaceutical industry.  We have been preparing them for their new responsibilities for some time and Frontage is privileged to elevate them to their new roles.  In addition, with Abdul and John in their new positions, I will have a greater ability to focus on strategic and corporate development initiatives.  This is an exciting time for Frontage, and I am looking forward to maintaining my close working relationship with Abdul and John as we continue to serve our stakeholders worldwide." 

"I would like to express my thanks to Song and the board of directors for the opportunity to lead this outstanding organization as its CEO at this time," said Dr. Mutlib.  "My focus will be on continuing to execute on the strategy we have in place to improve our operational performance and strengthen our competitive position. I look forward to working closely with our leadership team and employees across all of our businesses to serve our customers, enhance profitability and create long-term value for all of our stakeholders."

Dr. Lin added, "I am grateful for the trust that Song and the board of directors have placed in me in my new role as President.  Frontage has a high-performance culture focused on delivering extraordinary outcomes for our clients and, ultimately, the patients they serve.  In my new role I intend to continue to advance our core principles of quality, integrity, innovation and care.  As much as we've accomplished to date, I believe there are even greater opportunities ahead in the US, China and worldwide."

About Frontage (www.frontagelab.com)  

Frontage Holdings Corp (1521.HK), together with its wholly owned subsidiaries including Frontage Laboratories, Inc., is a global Contract Research Organization (CRO) that provides integrated, science-driven, product development services from drug discovery to late-phase clinical process to enable biopharmaceutical companies to achieve their development goals. Comprehensive services include drug metabolism and pharmacokinetics, analytical testing and formulation development, preclinical and clinical trial material manufacturing, bioanalysis, preclinical safety and toxicology assessment, and early-phase clinical studies. Frontage has enabled many biotechnology companies and leading pharmaceutical companies of varying sizes to advance a myriad of new molecules through development and to successfully file global regulatory submissions.  For more details visit www.frontagelab.com

Contact: Jessica Sinha, jsinha@frontagelab.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/frontage-announces-ceo-and-president-promotions-301712405.html

SOURCE Frontage Laboratories, Inc.

FAQ

Who has been promoted to CEO of Frontage Holdings Corporation?

Dr. Abdul Mutlib has been promoted to CEO of Frontage Holdings Corporation as of January 3, 2023.

What changes occurred in Frontage's leadership structure?

Dr. Abdul Mutlib became CEO, and Dr. John Lin was promoted to President, effective January 3, 2023.

What is the significance of the leadership changes at Frontage Holdings?

The leadership changes aim to optimize the company's structure for further growth and enhance operational performance.

How long have Dr. Mutlib and Dr. Lin been with Frontage?

Dr. Mutlib has been with Frontage for over 12 years, and Dr. Lin for over 15 years.

What role will Dr. Song Li have after stepping down as CEO?

Dr. Song Li will remain as Executive Chairman of the Board of Directors, focusing on strategic growth opportunities.

FRONTAGE HLDG CP UNSP/ADR

OTC:FTHCY

FTHCY Rankings

FTHCY Latest News

FTHCY Stock Data

Testing Laboratories
Professional, Scientific, and Technical Services
United States of America