Business
Kamada Announces Changes to its Board of Directors
Lilach Asher Topilsky, a Director on the Company’s Board and a Senior Partner at FIMI Opportunity Funds, Appointed Chairman Current Chairman, Leon Recanati,
About this update from Kamada Ltd.
[{"type":"text","content":"Lilach Asher Topilsky, a Director on the Company’s Board and a Senior Partner at FIMI Opportunity Funds, Appointed Chairman Current Chairman, Leon Recanati, Remains on the Board as a Director Ari Shamiss, MD, MPA, Veteran Hospital Senior Executive, Joins as New Director REHOVOT, Israel, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Kamada Ltd. (NASDAQ: KMDA; TASE: KMDA.TA), a plasma-derived biopharmaceutical company, today announced changes to the composition of its Board of Directors. Lilach Asher Topilsky, a Director on the Company’s Board and a Senior Partner at FIMI Opportunity Funds, the leading private equity investor in Israel and Kamada’s largest shareholder, has been appointed Chairman of the Board. The current Chairman, Leon Recanati, will remain on the Board as a Director. In addition, Ari Shamiss MD, MPA, a veteran hospital senior executive, has joined as a new Director, to serve until the Company's next annual meeting of shareholders, at which he will stand for election by the shareholders. The Company’s Board now consists of nine members. \n “Since 2005 when I joined Kamada’s Board and during my seven years as Chairman, after the passing of the co-founder and former Chairman Mr. Ralf Hahn, it has been my pleasure to work with my colleagues on the Board and the management team, led by our CEO, Amir London, to help lay the foundation for the Company’s long-term success,” said Mr. Recanati, an avid believer and investor in the Israeli Biotechnology and Medtech sector. “Kamada now has two U.S. FDA approved products, an attractive clinical pipeline and continues to achieve solid growth in sales and profitability. Moreover, the Company’s industry-leading technology remains a significant competitive advantage, as recently demonstrated by our ability to become the first company globally to complete the manufacturing and release of a plasma-derived immunoglobulin product for the treatment of COVID-19, which is currently under clinical development in Israel. Following the significant investment in Kamada by FIMI earlier this year, I believe now is the right time for Lilach to assume the responsibility as Chairman of the Board. I look forward to continuing to serve the Company as a Director, and I wish Lilach much success in her new role.” “I am honored to have been appointed as Kamada’s Chairman of the Board,” said Ms. Asher Topilsky. “...