Well isn't it all starting to plan out and paint the big picture!!
Unilife Appoints David Hastings as Chief Financial Officer
YORK, Pa., Jan. 12, 2015 /PRNewswire/ -- Unilife Corporation (NASDAQ: UNIS and ASX: UNS), a leading developer and supplier of injectable drug delivery systems, today announced the appointment of David Hastings, a veteran finance executive with deep experience in the bio-pharmaceutical industry, as Chief Financial Officer. Mr. Hastings will be joining the Company on February 23rd and will report to Unilife Chairman and CEO Alan Shortall.
Mr. Hastings most recently served as Chief Financial Officer at Incyte Corporation between 2003 and 2014. Incyte, with a market capitalization of approximately $12.0 billion, is a leading biopharmaceutical company focused on the discovery, development and commercialization of proprietary small molecule drugs, primarily for oncology. Mr. Hastings played an important role in Incyte's evolution from early stage drug discovery into a financially robust commercial business with an FDA approved oncology drug and a strong clinical pipeline. During his time as CFO Incyte experienced significant increases in revenue and market capitalization.
During his 30 year career, including 15 years as a CFO in the biopharmaceutical industry, Mr. Hastings has held senior financial leadership roles at companies such as ArQule, Inc., Genzyme (now a wholly owned subsidiary of Sanofi), and PriceWaterhouseCoopers. He is a Certified Public Accountant.
Dennis Pyers, who has been with Unilife since 2010 will continue to serve as interim CFO until February 23rd, 2015, and will then remain at Unilife as Senior Vice-President and Controller reporting to Mr. Hastings.
Mr. Alan Shortall, Chairman and CEO at Unilife, said: "The appointment of David Hastings completes our goal to appoint a high-performance CFO with the deep business experience to support our rapid emergence as the global leader for injectable drug delivery systems. David's proven track record of delivering revenue growth, optimizing the balance sheet and maximizing shareholder value make him the ideal candidate to lead our financial strategy. In addition to welcoming David to our leadership team, I would like to thank Dennis Pyers for his excellent ongoing work since 2010, and for serving as interim CFO during this transition period," Mr. Shortall said.
Mr. Hastings said: "I am incredibly excited to be joining Unilife at this point in the Company's history. Unilife has built an impressive team of dedicated people focused on technologies that have the potential to optimize the delivery of injectable therapies. I share the Company's passion for improving the lives of patients, and in creating significant long-term value for its shareholders."
UNS Price at posting:
82.5¢ Sentiment: Buy Disclosure: Held
