{"id":418123,"date":"2021-01-20T16:18:29","date_gmt":"2021-01-20T21:18:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=418123"},"modified":"2021-01-20T16:18:29","modified_gmt":"2021-01-20T21:18:29","slug":"alector-announces-departure-of-chief-business-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alector-announces-departure-of-chief-business-officer\/","title":{"rendered":"Alector Announces Departure of Chief Business Officer"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li style=\"text-align:left\">\n          <em>Sabah Oney steps down from a role held since January 2018; joined Alector in October 2016<\/em><br \/>\n          \n        <\/li>\n<li>\n          <em>The departure will be effective February 1, 2021; will assist in transition until May 3, 2021<\/em>\n        <\/li>\n<\/ul>\n<p>SOUTH SAN FRANCISCO, Calif., Jan.  20, 2021  (GLOBE NEWSWIRE) &#8212; Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company pioneering immuno-neurology, today announced that chief business officer (CBO), Sabah Oney, Ph.D., will be leaving the Company to pursue other opportunities. Shehnaaz Suliman, M.D., MBA, M.Phil., president and chief operating officer, will serve as interim CBO, overseeing the business development, finance, communications, facilities, and IT departments. The transition will be effective as of February 1, 2021 and Dr. Oney will remain as an employee and advisor to Alector until May 3, 2021.<\/p>\n<p>\u201cAlector was a private, pre-clinical biotech company with\u00a0fewer than 20 employees when Sabah joined in 2016. Since then, the Company has continued to grow quickly, thanks in part to Sabah\u2019s leadership,\u201d said Arnon Rosenthal, Ph.D., co-founder and chief executive officer of Alector. \u201cOn behalf of the entire Board and executive team, we thank Sabah for his contributions at several critical stages for the company and wish him well in all future endeavors.\u201d<\/p>\n<p>\u201cI am proud to have been part of Alector these past four years. It has been a privilege to support the growth of this dynamic and truly innovative company,\u201d said Dr. Oney. \u201cI am confident the team will continue building on the strong foundation already established and maintain the Company\u2019s momentum as it seeks to discover and deliver innovative therapies for some of the most devastating neurodegenerative diseases.\u201d<\/p>\n<p>\n        <strong>About Alector<\/strong><br \/>\n        <br \/>Alector is a clinical stage biotechnology company pioneering immuno-neurology, a novel therapeutic approach for the treatment of neurodegenerative diseases. The Company is developing a broad portfolio of innate immune system programs, designed to functionally repair genetic mutations that cause dysfunction of the brain\u2019s immune system and enable the rejuvenated immune cells to counteract emerging brain pathologies. Immunoneurology targets immune dysfunction as a root cause of multiple pathologies that are drivers of degenerative brain disorders. The Company\u2019s immuno-neurology product candidates are supported by biomarkers and target genetically defined patient populations in frontotemporal dementia and Alzheimer\u2019s disease. This scientific approach is also the basis for the Company\u2019s immuno-oncology programs. Alector is headquartered in South San Francisco, California. For additional information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0JpAwAtNSQnbS20jrIF7xRcETUiyG5jpd3CkCwUyJ3osP1vozufUOQ0CHE7-giKHqd-dQmyCkUikh2zCHrHkaQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.alector.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including but not limited to risks and uncertainties related to market conditions, Alector and its business as set forth in Alector\u2019s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on November 10, 2020, as well as the other documents Alector files from time to time with the SEC. These documents contain and identify important factors that could cause the actual results for Alector to differ materially from those contained in Alector\u2019s forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Alector specifically disclaims any obligation to update any forward-looking statement, except as required by law.<\/p>\n<p>Contacts<\/p>\n<p>Media:<br \/>Erica Jefferson<br \/>Vice President, Communications and Public Affairs<br \/>Alector, Inc.<br \/>301-928-4650<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=he0ess89vIeUKIZtozZIkZR85_KV9okwHfh8j-9AZMNISk8eyYvurvUjfNaONRMwbfNExxrvHvew3Gf3-JA14YNMRIq0ExC6ObNtqAB1cuCpfmevtc5mrb_cDwKkQqnD\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">erica.jefferson@alector.com<\/a><\/p>\n<p>1AB<br \/>Dan Budwick<br \/>973-271-6085<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ybdmP7m1No_UMTq3tvRQcDuCIZ40nsyFtisyKfFhPVGLrbbYjlJRC7fZiZoy1i_ai4QwpAPvp2kOAgJ2nSOGrA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">dan@1abmedia.com<\/a><\/p>\n<p>or<br \/>Investors:<br \/>Alector, Inc.<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4OBT-Q40sjg0lBJY7hEmDBdDF7GiwK8RxiIKDxedVFBklYwPfOYYsKJorTlllI_IDNllsxqw70gQTneNunya3A==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@alector.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzOTAwMSMzOTM3Nzc1IzIxMjQ5OTA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/bb55b0f9-f7c5-48b9-b7bb-7bbdddd620c9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sabah Oney steps down from a role held since January 2018; joined Alector in October 2016 The departure will be effective February 1, 2021; will assist in transition until May 3, 2021 SOUTH SAN FRANCISCO, Calif., Jan. 20, 2021 (GLOBE NEWSWIRE) &#8212; Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company pioneering immuno-neurology, today announced that chief business officer (CBO), Sabah Oney, Ph.D., will be leaving the Company to pursue other opportunities. Shehnaaz Suliman, M.D., MBA, M.Phil., president and chief operating officer, will serve as interim CBO, overseeing the business development, finance, communications, facilities, and IT departments. The transition will be effective as of February 1, 2021 and Dr. Oney will remain as an employee and advisor to Alector until May &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alector-announces-departure-of-chief-business-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Alector Announces Departure of Chief Business Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-418123","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alector Announces Departure of Chief Business Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alector-announces-departure-of-chief-business-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alector Announces Departure of Chief Business Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sabah Oney steps down from a role held since January 2018; joined Alector in October 2016 The departure will be effective February 1, 2021; will assist in transition until May 3, 2021 SOUTH SAN FRANCISCO, Calif., Jan. 20, 2021 (GLOBE NEWSWIRE) &#8212; Alector, Inc. (Nasdaq: ALEC), a clinical-stage biotechnology company pioneering immuno-neurology, today announced that chief business officer (CBO), Sabah Oney, Ph.D., will be leaving the Company to pursue other opportunities. Shehnaaz Suliman, M.D., MBA, M.Phil., president and chief operating officer, will serve as interim CBO, overseeing the business development, finance, communications, facilities, and IT departments. 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(Nasdaq: ALEC), a clinical-stage biotechnology company pioneering immuno-neurology, today announced that chief business officer (CBO), Sabah Oney, Ph.D., will be leaving the Company to pursue other opportunities. Shehnaaz Suliman, M.D., MBA, M.Phil., president and chief operating officer, will serve as interim CBO, overseeing the business development, finance, communications, facilities, and IT departments. 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