Novamind Appoints Prakash Gowd as Chief Operating Officer

Rhea-AI Summary

Novamind Inc. (CSE:NM)(OTCQB:NVMDF) announced the appointment of Prakash Gowd as Chief Operating Officer, succeeding Pierre Bou-Mansour. Gowd, who joined Novamind in 2020 as Senior Vice President of Corporate Development, has been instrumental in the company's strategy and recent acquisition of a mental health practice in Arizona. With over 25 years of experience in healthcare and capital markets, Gowd aims to enhance operational excellence and expand Novamind's network of psychiatry clinics and research sites.

Positive

• Appointment of Prakash Gowd aims to strengthen leadership and operational efficiency.
• Gowd's experience in healthcare and finance is expected to enhance Novamind's corporate strategy.
• Successful acquisition of Foundations for Change expands Novamind's service offerings.

Negative

• Transition in leadership may pose risks related to continuity and operational changes.

TORONTO, ON / ACCESSWIRE / February 8, 2022 / Novamind Inc. (CSE:NM)(OTCQB:NVMDF)(FSE:HN2) ("Novamind" or the "Company"), a leading mental health company specialized in psychedelic medicine, is pleased to announce that Prakash Gowd has been appointed as the Company's Chief Operating Officer (COO), replacing Pierre Bou-Mansour who is leaving the Company this month to pursue a new opportunity.

Mr. Gowd joined Novamind in August 2020 as Senior Vice President, Corporate Development, and has led Novamind's corporate strategy and business development initiatives focused on increasing access to psychedelic medicine. He also led the Company's successful acquisition of Arizona-based mental health practice, Foundations for Change. Mr. Gowd has over 25 years of experience in capital markets, biopharma, and health sciences.

"Prakash has valuable experience in healthcare and finance and has proven to be an integral leader to our operating teams. We look forward to his ongoing contributions to deliver operational excellence and to drive the expansion of our network of psychiatry clinics and clinical research sites," said Yaron Conforti, CEO and Director.

Mr. Conforti continued, "On behalf of our Board of Directors and all our stakeholders, I am very pleased to welcome Prakash into this role and wish to thank Pierre for his contributions and service to Novamind."

Prior to joining Novamind, Mr. Gowd was President and Co-Founder at Lobo Genetics (acquired by Entheon Biomedical Corp.), a genetic testing company. He previously served in senior equity research roles with CIBC World Markets, National Bank Financial and Canaccord Capital, where he covered healthcare, biotech, medical device and specialty pharma companies, and at GlaxoSmithKline, where he held senior roles in commercial operations. He currently serves as Audit Chair and Director of FendX Technologies, and as Strategic Advisor to N-Zyme Biomedical. Mr. Gowd holds an MBA from McGill University, a BSc Pharmacy from the University of British Columbia and is a Chartered Director.

About Novamind
Novamind is a leading mental health company enabling safe access to psychedelic medicine through a network of clinics and clinical research sites. Novamind provides ketamine-assisted psychotherapy and other novel treatments through its network of integrative mental health clinics and operates a full-service contract research organization specialized in clinical trials and evidence-based research for psychedelic medicine. For more information on how Novamind is enhancing mental wellness and guiding people through their entire healing journey, visit novamind.ca.

Contact Information
Yaron Conforti, CEO and Director
Telephone: +1 (647) 953 9512

Samantha DeLenardo, VP, Communications
Email: media@novamind.ca

Investor Relations
Email: IR@novamind.ca

Forward-Looking Statements
This news release contains forward-looking statements. All statements other than statements of historical fact included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations including the risks detailed from time to time in the Company's public disclosure. The reader is cautioned not to place undue reliance on any forward-looking information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable laws.

SOURCE: Novamind Inc.

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https://www.accesswire.com/687754/Novamind-Appoints-Prakash-Gowd-as-Chief-Operating-Officer

FAQ

Who is the new Chief Operating Officer of Novamind?

Prakash Gowd has been appointed as the new Chief Operating Officer of Novamind.

What was Prakash Gowd's role before becoming COO at Novamind?

Before becoming COO, Prakash Gowd served as Senior Vice President, Corporate Development at Novamind.

Why did Pierre Bou-Mansour leave Novamind?

Pierre Bou-Mansour left Novamind to pursue a new opportunity.

What impact is expected from Prakash Gowd's appointment at Novamind?

His appointment is expected to enhance leadership and operational effectiveness in expanding Novamind's clinics and research sites.