Apricus Bio (APRI) CEO Damaj Resigns; CFO Martin Appointed Interim CEO
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Apricus Biosciences, Inc. (Nasdaq: APRI) announced that Bassam Damaj, Ph.D., has resigned as a Director, President, and Chief Executive Officer of the Company and that Steve Martin, Senior Vice President and Chief Financial Officer, has been appointed interim Chief Executive Officer. The changes are effective immediately. The Company also announced today that its Board of Directors has retained an executive recruiting firm to assist in identifying a permanent Chief Executive Officer whose experience is expected to include significant background in commercial operations within the pharmaceutical industry.
Martin has served as Senior Vice President and Chief Financial Officer of Apricus Bio since June 2011. He has over 25 years of experience in leadership roles with significant expertise in growing public companies in a variety of industries, including life sciences. Prior to joining Apricus Bio, Mr. Martin was Senior Vice President and Chief Financial Officer of BakBone Software, where he also served as interim CEO for a ten month period. Mr. Martin has also served in senior positions at Stratagene Corporation, Gen-Probe Incorporated and Deloitte & Touche. He was a former President and is a member of the Board of Directors of Financial Executives International, San Diego Chapter.
Martin has served as Senior Vice President and Chief Financial Officer of Apricus Bio since June 2011. He has over 25 years of experience in leadership roles with significant expertise in growing public companies in a variety of industries, including life sciences. Prior to joining Apricus Bio, Mr. Martin was Senior Vice President and Chief Financial Officer of BakBone Software, where he also served as interim CEO for a ten month period. Mr. Martin has also served in senior positions at Stratagene Corporation, Gen-Probe Incorporated and Deloitte & Touche. He was a former President and is a member of the Board of Directors of Financial Executives International, San Diego Chapter.
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