Business
Omeros Corporation Appoints Former Amazon Treasurer Kurt Zumwalt to Board of Directors
-- Zumwalt Also to Serve as Consultant, Bringing Extensive Capital Markets Background to Omeros -- SEATTLE--(BUSINESS WIRE)-- Omeros Corporation (NASDAQ:
About this update from Omeros Corporation
[{"type":"text","content":"\n-- Zumwalt Also to Serve as Consultant, Bringing Extensive Capital Markets Background to Omeros --\n\n SEATTLE--(BUSINESS WIRE)--\nOmeros Corporation (NASDAQ: OMER) today announced the appointment of Kurt Zumwalt, former global treasurer of Amazon.com, Inc., to Omeros’ Board of Directors. He will also serve in a consulting role at Omeros. Mr. Zumwalt brings significant expertise in developing comprehensive business relationships with major banks and financial institutions.\n\n\nA 15-year veteran of Amazon, Mr. Zumwalt was responsible for managing the company’s cash, investments and debt financings, in addition to other finance-related duties. During his tenure, he led his team in raising short- and long-term financings in excess of $40 billion for Amazon. Mr. Zumwalt built and scaled Amazon’s treasury and financing capability as the company’s revenue grew from $8 billion to over $250 billion on an annualized basis. Mr. Zumwalt managed Amazon’s relationships with more than 45 banks globally. He left Amazon in August 2019.\n\n\n“Literally down the street from Amazon is Omeros – I have followed the company for years and recognize what the Omeros team is building,” said Mr. Zumwalt. “I am impressed by the company’s cutting-edge science, remarkable pipeline and strong leadership. I know Greg well, understand his vision for Omeros and am confident that I can contribute significantly. It’s exciting to join a company focused on improving patients’ lives, and I am eager to help further the continued success of Omeros.”\n\n\nPrior to joining Amazon in 2004, Mr. Zumwalt was Assistant Treasurer at PACCAR, Treasurer at ProBusiness Services until its acquisition by ADP in 2003, and has also held various financial roles at Wind River Systems, Intel Corporation and Bank of America.\n\n\n“We are excited to welcome Kurt to Omeros,” stated Gregory A. Demopulos, M.D., chairman and chief executive officer of Omeros. “In his 15 years at Amazon, Kurt helped build one of the most successful companies in history and a world class treasury organization. His reputation and network of contacts throughout the financial world are stellar, and I know that he will play an important role in Omeros’ ongoing growth as we prepare to commercialize the first of multiple products in our pipeline behind OMIDRIA. I look forward to working closely with Kurt to continu...