leadership
confidence high
sentiment neutral
materiality 0.60
Organovo names Norman Staskey President and CFO; Tomas Hess resigns for retirement
VivoSim Labs, INC.
- Tomas Hess resigned as President, CFO effective Dec 24, 2024 to pursue retirement; no disagreement on accounting policies.
- Norman Staskey appointed President, CFO and Principal Financial Officer effective Dec 30, 2024, via Danforth Advisors consulting agreement.
- Staskey is paid $450/hour under the Danforth Consulting Agreement; he also serves as CFO of Azitra, Inc.
- Staskey brings M&A experience as company pursues potential strategic transactions with other pharma firms.
- Amendment No. 6 to Consulting Agreement formalizes Staskey's services; prior CFO services were from Hess.