Arecor chief financial officer to leave in July after five years

(Alliance News) - Arecor Therapeutics PLC on Tuesday said its chief financial officer has resigned to pursue new opportunities.

The West Sussex, England-based biopharmaceutical firm said Susan Lowther's last day is expected to be July 22.

Arecor said a search for Lowther's successor is underway, with Lowther leaving in July to ensure an effective handover.

"On behalf of the board and all at Arecor, I want to thank Susan for her contributions over the past five years, in our transition to a public company and growth as a business," said Chief Executive Officer Sarah Howell.

Outgoing Lowther commented: "I am proud to have been Arecor's first chief financial officer and of our achievements as a business, and believe the company is well placed for further growth."

Shares in Arecor were up 0.4% to 133.00 pence each in London on Tuesday morning.

By Greg Rosenvinge, Alliance News senior reporter

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