Patrys names Roger McPherson interim CEO

Patrys (ASX:PAB) has appointed an interim CEO to replace the outgoing Dr Marie Roskrow.

CFO Roger McPherson will temporarily take control of the company while a permanent replacement is found.

Last month Roskrow revealed plans to step down at the end of the year, after serving as CEO for the last four years.

But in a market update, Patrys revealed that the management team has decided that Roskrow will retire from the company with immediate effect, in order to facilitate a smooth transition to a new CEO.

“The board has decided that at this important time in the company’s development the entire Patrys team will be involved in the company’s future development,” Patrys Chairman John Read said.

“Roger will lead the Patrys teams in Melbourne and Wurzburg at this exciting time for the company as we move towards our next clinical trial [for anticancer antibody PAT-SM6].

“The board is also actively screening potential permanent CEO candidates and hopes to be in a position to make an announcement in this regard in the short term.”

Patrys (ASX:PAB) shares were trading 15.79% higher at $0.022 as of around 2 pm on Wednesday.