29 September 2020
ADVANCED ONCOTHERAPY PLC
("Advanced Oncotherapy" or the "Company")
Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, today announces the appointment of Lori Cross as a Non-Executive Director of the Company with immediate effect.
Lori is a business executive with over 35 years of experience in building and transforming leading global organisations, specialising in Medical Technology and Life Sciences. Lori has successfully designed and commercialised numerous, disruptive healthcare business models, with executive positions at VIASYS Healthcare (acquired by Cardinal Health), Instrumentarium/GE Medical Systems, Smith & Nephew and Baxter Edwards Laboratories.
As President and Founder of MindSpan Consulting, Lori now consults with global clients on strategic innovation, operational scale-up/execution, and leadership development. Her clients have included Thermo Fisher Scientific, Medtronic, Nestle Healthcare, Danaher Beckman, GE Healthcare, and Novartis.
Lori is also currently a Non-Executive Board Director of Fastems and Electrosonic and a board adviser to TASC LLC. She has been teaching the Executive MBA Capstone Strategy program as an Adjunct Professor at the University of Wisconsin for over ten years. Lori was awarded a BS in Biomedical Engineering from Northwestern, an MBA from University of Phoenix and a Masters of Engineering - Biomedical Systems from Rensselaer Polytechnic Institute.
Dr Mike Sinclair, Executive Chairman of Advanced Oncotherapy, commented:
"On behalf of the Board, I am delighted to welcome Lori to Advanced Oncotherapy as a Non-Executive Director. Lori brings over 35 years of experience in commercialising disruptive MedTech innovations and her expertise will be invaluable to our business as we continue to progress the LIGHT system and develop commercial partnerships."
Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Lori J. Cross (aged 60)
Full name: Lori Jo Cross
Former surname: Zwirkoski (changed due to marriage)
Former forename: Laurie (changed due to spelling preference)
Current Directorships / Partnerships
Previous Directorships / Partnerships (last 5 years)
Fastems OY AB
Mindspan Consulting LLC
AHLSTROM-MUNKSJÖ OYJ (formerly Ahlstrom Corporation)
Wall Family Enterprise INC
M3 Insurance Solutions
Demco Europe Limited
Timstar Laboratory Suppliers Limited
WF Education Group Holdings Limited
WF Education Group Limited
* Ms Cross is considered a director of TASC LLC pursuant to the definition within the AIM Rules for Companies but this is not a statutory directorship position.
As of the date of this announcement, Lori J Cross holds no ordinary shares in the capital of the Company.
Save as disclosed above there are no additional disclosures to be made in accordance with Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.
- ENDS -
Advanced Oncotherapy plc
Dr. Michael Sinclair, Executive Chairman
Tel: +44 (0) 20 3617 8728
Nicolas Serandour, CEO
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Allenby Capital Limited (Nomad and Joint Broker)
Nick Athanas / Liz Kirchner (Corporate Finance)
Amrit Nahal / Matt Butlin (Sales & Broking)
Tel: +44 (0) 20 3328 5656
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SI Capital Ltd (Joint Broker)
Tel: +44 (0) 1483 413 500
Tel: +44 (0) 20 3871 4066
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FTI Consulting (Financial PR & IR)
Simon Conway / Rob Winder
Tel: +44 (0) 20 3727 1000
Notes for Editors
About Advanced Oncotherapy Plc www.avoplc.com
Advanced Oncotherapy, a UK headquartered company with offices in London, Geneva, The Netherlands and in the USA, is a provider of particle therapy with protons that harnesses the best in modern technology. Advanced Oncotherapy's team "ADAM," based in Geneva, focuses on the development of a proprietary proton accelerator called, Linac Image Guided Hadron Technology (LIGHT). LIGHT's compact configuration delivers proton beams in a way that facilitates greater precision and electronic control.
Advanced Oncotherapy will offer healthcare providers affordable systems that will enable them to treat cancer with innovative technology as well as expected lower treatment-related side effects.
Advanced Oncotherapy continually monitors the market for any emerging improvements in delivering proton therapy and actively seeks working relationships with providers of these innovative technologies. Through these relationships, the Company will remain the prime provider of an innovative and cost-effective system for particle therapy with protons.