Epigenomics AG Plans Changes in the Composition and Size of its Supervisory Board

19-Mar-2012 - Germany

Epigenomics AG announced that it was decided to propose to the shareholders of the company at its upcoming Annual General Meeting (AGM) on May 2, 2012 to vote in favor of a reduction of the size of the Supervisory Board from currently six to three members. Furthermore, the company’s Chairman, Prof. Dr. Dr. h.c. Rolf Krebs, announced that for personal reasons he will not stand for re-election at the upcoming Annual General Meeting.

Prof. Dr. Rolf Krebs (72) has been a member of the Supervisory Board of Epigenomics AG since 2000 and its Chairman since 2003. During this period, the company has evolved from a privately held start-up research company to a publicly listed, worldwide commercial leader in the field of blood based products for the early detection of cancer.

The Supervisory Board has further resolved to propose Mr. Heino von Prondzynski for election to the Supervisory Board by the Annual General Meeting. Mr. von Prondzynski has indicated his willingness to accept the role as Chairman of the Supervisory Board in case of his election.

Heino von Prondzynski (62) is an internationally recognized expert and accomplished business leader in the field of molecular diagnostics with an extensive network of contacts in the US, Asia and Europe. Among other career accomplishments, he has been CEO of the diagnostics division of F. Hoffmann-La Roche Ltd., Basel, Switzerland and a member of the corporate executive committee of Roche. He is intimately acquainted with the company, having been a member of the Supervisory Board of Epigenomics from May 2007 until March 2010.

The proposed changes to the Supervisory Board structure and composition have been thoroughly planned and were made in line with last year’s decision to reinforce the focus of the company’s operations on the key US market. Heino von Prondzynski has indicated his intention to work closely with the management team to diligently explore all viable strategic options for the company in its further development, including but not limited to the possibility of securing additional financial resources to support the company’s operations beyond the current cash reach. A main operational goal of the company remains to gain approval for and subsequently introduce Septin9 based colorectal cancer screening tests in the US market.

In addition to Mr. von Prondzynski, current members of the Supervisory Board, Ms. Kessler, Ph.D. and Prof. Dr. Reiter, will be seeking election at the upcoming Annual General Meeting.

https://www.bionity.com/en/news/137026/epigenomics-ag-plans-changes-in-the-composition-and-size-of-its-supervisory-board.html