Adherium CEO Rick Legleiter resigns

• Adherium (ASX:ADR) announces the resignation of its CEO, Rick Legleiter
• Mr Legleiter has tendered his resignation and provided a six-month notice period as the company transitions to new leadership
• The Board announced that Lou Panaccio, the current Chairman, will take on the position of Executive Chairman
• The Board will begin an executive search to fill the CEO position
• ADR last traded at 5.9 cents

Adherium (ASX:ADR) has announced the resignation of its Chief Executive Officer, Rick Legleiter.

Mr Legleiter has tendered his resignation and provided a six-month notice period as the company transitions to new leadership.

Having joined Adherium in May 2021 amid the challenges of the COVID-19 pandemic, the company praised Mr Legleiter for playing an important role in guiding the company organisation through regulatory filings.

“I staunchly believe our reimbursed digital technology helps respiratory patients live better lives while reducing healthcare costs and I am convinced we have opened the door to success for the company’s commercial strategy,” Mr Legleiter said.

“While leaving for family reasons, I thank shareholders, the Board, my leadership team, and all employees for the honour of serving.”

Lou Panaccio, who currently serves as the company’s Chairman, is set to transition into the role of Executive Chairman, additionally, the Board will conduct an executive search to fill the CEO position.

ADR last traded at 5.9 cents.