Business
Inside information: Timo Lehtonen takes on a new role at Bioretec as External Executive Advisor and steps down from the management team
Timo Lehtonen, the current Chief Technology Officer of Bioretec Ltd ("Bioretec" or the "Company"), will transition to the role of External Executive Advisor (Technology & Strategy) and step down from the Company's management team and Chief Technology Officer role as of 6 July 2026.
About this update from Bioretec Ltd.
[{"type":"text","content":"Bioretec Ltd Inside information 12 March 2026 at 4:30 p.m. EET","length":77,"tagName":"p"},{"type":"text","content":"TAMPERE, Finland, March 12, 2026 /PRNewswire/ -- Timo Lehtonen, the current Chief Technology Officer of Bioretec Ltd ("Bioretec" or the "Company"), will transition to the role of External Executive Advisor (Technology & Strategy) and step down from the Company's management team and Chief Technology Officer role as of 6 July 2026.","length":359,"tagName":"p"},{"type":"text","content":"In this non-executive role, Lehtonen will support the Company as an external advisor, providing strategic advice on materials science, technology development, the product pipeline, and clinical and regulatory strategy. He will also support the Company in key external interactions with regulators, investors, partners and key opinion leaders, and help ensure continuity of technological expertise during the leadership transition.","length":430,"tagName":"p"},{"type":"text","content":"Lehtonen has indicated that he intends to participate in Bioretec's planned rights issue announced by the Company on 10 March 2026.","length":135,"tagName":"p"},{"type":"text","content":"As part of this transition, Bioretec will not be replacing the Chief Technology Officer role on a like-for-like basis. Instead, Bioretec is planning to establish two new dedicated roles to cover the Company's day-to-day operational needs in both product development and clinical affairs.","length":291,"tagName":"p"},{"type":"text","content":""Timo has been, and will continue to be, a valuable part of the Bioretec team. His leadership has shepherded Bioretec from early materials science to breakthrough designation leadership, establishing a solid foundation of world-class materials science and technology development. I am thrilled that Timo will be continuing his journey with Bioretec following 6 years of leadership, providing both knowledge continuity and strategic counsel on technology development and materials science, in support of our journey ahead," says Sarah van Hellenberg Hubar-Fisher, the CEO of Bioretec.","length":593,"tagName":"p"},{"type":"text","content":""This is a natural moment for me to transition to a new advisory role, while continuing to support Bioretec going forward. Together, we have buil...