Estimated reading time: 2 minutes
Oxford Cannabinoid technologies Holdings (OCTP) has announced changes to its board.
The company, which develops prescription cannabinoid medicines for approval, has appointed Hathaway as non-executive director, and Pomeroy as non-executive chair.
OCTP chief executive, John Lucas, commented: “We are delighted to welcome Richard Hathaway to the board as our new non-executive director, where his own extensive financial and corporate experience will be of great benefit to the company.
Read more: Further drug development agreement for Oxford Cannabinoid Technologies
“The Board is very grateful to Julie for agreeing to step up to the role of company chair. Her PLC experience both in an executive and non-executive capacity will be invaluable as the business enters a key stage in its development, preparing to move into Phase I clinical trials for our lead candidate OCT461201 and our inhaled cannabinoids programme, OCT130401, in Q1 2023 and Q4 2022, respectively.
“At the same time, we thank Neil as incumbent chair, for his knowledge and guidance and look forward to continuing to work with him in his capacity as non-executive director.”
Pomeroy will assume the role of non-executive chair with effect from 11 February 2022, at which time the current executive chairman, Mr Neil Mahapatra will step down but remain on the board as a non-executive director.
Read more: Oxford Cannabinoid Technologies sees positive progression
Hathaway has been appointed as a representative of Imperial Brands Ventures Limited, with effect from 1 February 2022. Imperial, a 10.87 per cent shareholder of OCTP, nominated Mr Hathaway as its representative following the resignation of Bishrut Mukherjee from Imperial in September 2021.
Hathaway is the Corporate Development Director at Imperial Brands plc, the ultimate holding company of Imperial where he is responsible for leading M&A activity and other strategic initiatives and projects across the business
Bishrut Mukherjee remains on the Board of OCTP in his capacity as non-executive director.
[activecampaign form=31]
