Brief: Fluicell Appoints Carolina Trkulja As CEO

Fluicell AB

03/10/2023 13:07

Oct 3 (Reuters) - Fluicell AB  FLUIC.ST :
    * APPOINTS NEW CEO AND INITIATES TARGETED ORGANIZATIONAL
CHANGES
TO ACCELERATE DEVELOPMENT OF TYPE 1 DIABETES THERAPY
    * ANNOUNCES THAT VICTOIRE VIANNAY, AFTER CONSULTATION WITH
THE
BOARD OF DIRECTORS, WILL STEP DOWN AS CEO
    * BOD HAS APPOINTED THE CURRENT CHIEF INNOVATION OFFICER,
CAROLINA
TRKULJA, AS THE NEW CEO
    * VIANNAY WILL ASSUME THE POSITION AS CEO ON OCTOBER 9, 2023
    * TRKULJA WILL TAKE UP THE POSITION AS CEO ON OCTOBER 9,
2023
    * KEY OBJECTIVE OF RESTRUCTURING IS TO STRENGTHEN CO'S
FINANCIAL
POSITION, INCREASE SHAREHOLDER VALUE
    * COSTS RELATED TO THE RESTRUCTURING WILL BE CHARGED TO
EARNINGS
FOR Q4 2023
    * RESTRUCTURING IS EXPECTED TO COVER ABOUT HALF OF CO'S
SERVICES
AND IS EXPECTED TO RESULT IN ANNUAL SAVINGS CORRESPONDING TO 50%
REDUCTION IN CO'S COSTS

Source text for Eikon:  ID:nWkr2hfSYP 
Further company coverage:  FLUIC.ST 

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