PolarityTE (COOL) Appoints Peter Cohen to Board

July 2, 2018 8:02 AM EDT

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PolarityTE, Inc. (NASDAQ: COOL) today announced that Peter Cohen will join PolarityTE’s Board of Directors. Mr. Cohen is well known within the investment community having previously served on the Board of Directors at the NYSE, as well as previously serving as the CEO and Chairman of the Board of Cowen Inc., Shearson Lehman Cowen, and Republic New York Securities. Mr. Cohen is currently a Trustee of Mount Sinai Medical Center and has served on its board for approximately thirty years. With the addition of Mr. Cohen, PolarityTE will increase the independence of its Board of Directors, with five of the Board’s seven Directors being independent.

Mr. Cohen is currently a Member of the Board of Directors of Quadrant Biosciences, Inc., and Vice Chairman and Lead Director of the Board of Directors of Scientific Games Corporation. Additionally, Mr. Cohen has previously served on a number of corporate and industry boards, including The Federal Reserve International Capital Markets Advisory Committee, American Express, The Depository Trust Company, Telecom Italia SpA, Olivetti SpA, and Kroll Inc. He obtained a Masters of Business Administration from Columbia University in 1969 and a Bachelor of Science from The Ohio State University in 1968.

Mr. Cohen said, "Having spent over 40 years building, managing and investing in companies in various executive roles, I am now dedicating my time to working with companies that have the potential to impact the health and well-being of society in a dramatic way. I am very excited to be joining PolarityTE’s Board of Directors. My decision to join the Board is a testament to my belief in the Company, the management team, and the Company’s mission-based focus on transforming patient lives by developing products that have the potential to significantly impact quality of life. I look forward to helping PolarityTE through the transformational growth process and participating in the long-term success of the business.”

Denver Lough, CEO of PolarityTE, said, “We are very pleased to have Mr. Cohen join the Board of Directors at this important stage in our development. Peter’s operational experience, financial acumen, and belief in the Company’s mission will be instrumental as PolarityTE continues deliver on its commitment to enhance patient lives and outcomes. The entire management team is energized by the real momentum in our business, the strong reception our technology is receiving in the marketplace and both the short and longer-term opportunities in front of us.”

John Stetson, CIO, will continue in his current role without the added responsibility of Board Membership. PolarityTE thanks him for his dedication and guidance as an active Member of the Company’s Board.



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