Rapid Micro Biosystems Appoints Kirk Malloy As Chair Of Its Board Of Directors
Portfolio Pulse from Benzinga Newsdesk
Rapid Micro Biosystems has appointed Kirk Malloy as the Chair of its Board of Directors. Jeffrey Schwartz, the previous Board Chair, will continue to serve as a member of the Board and as Chair of the Nominating and Corporate Governance Committee. This appointment brings the total number of directors on the Company's Board to eight.
July 18, 2023 | 9:22 pm
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Rapid Micro Biosystems (RPID) has appointed Kirk Malloy as the new Chair of its Board of Directors. Jeffrey Schwartz, the previous Chair, remains on the Board and continues to serve as Chair of the Nominating and Corporate Governance Committee.
The appointment of a new Chair of the Board is a significant event for a company. However, as the previous Chair remains on the Board and continues to serve in a significant role, this change is unlikely to cause major disruptions or shifts in the company's strategy in the short term. Therefore, the impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100