Spero Therapeutics Appoints Sath Shukla As President & Chief Executive Officer, To Be Effective August 1, 2023
Portfolio Pulse from Benzinga Newsdesk
Spero Therapeutics (NASDAQ:SPRO) has announced that its current CFO, Sath Shukla, will become President and CEO, effective August 1, 2023. Current CEO Ankit Mahadevia will become Chairman of the Board of Directors.
June 14, 2023 | 12:11 pm
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Spero Therapeutics appoints Sath Shukla as President & CEO, effective August 1, 2023, with current CEO Ankit Mahadevia becoming Chairman of the Board.
The appointment of Sath Shukla as President and CEO of Spero Therapeutics is a significant management change, but it is not expected to have a major short-term impact on the stock price. Shukla has been with the company for three years and has a strong track record, which should provide continuity and stability. Ankit Mahadevia's transition to Chairman of the Board also ensures his continued involvement in the company's strategic direction.
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