Acasti Pharma Inc (NASDAQ:ACST) (CVE:ACST) told investors it has hired seasoned executive in the healthcare and financial sectors Brian D. Ford as its chief financial officer, effective September 14 this year.
"Brian brings strong leadership skills, as well as analytical and financial skills that we believe will add significant value. As we explore strategic options and opportunities, we believe Brian’s experience in problem solving, strategic transactions, and M&A will prove beneficial," said Jan D’Alvise, CEO of biopharma firm Acasti in a statement.
"Brian will assume all responsibilities formerly held by Jean-Francois Boily, who recently resigned, as previously announced. We thank Mr. Boily for his contributions to Acasti and wish him well on his future endeavours."
With over 30 years' experience, Ford has been responsible for developing business recovery strategies, negotiating M&A transactions, as well as managing quarterly and yearly accounting reports, said Acasti.
Most recently, he was chief financial officer and senior business advisor at a private group of Ontario based medical clinics, including the largest chronic pain management practice in Canada.
During his position as CFO and Senior Business Advisor, Ford significantly improved the company's performance and was instrumental in preparing the firm for initial public offering (IPO).
Prior to that, Ford served as CFO at Telesta Therapeutics, where he developed a new business plan.
"I believe my experience in evaluating strategic opportunities as well as M&A transactions will provide valuable insights for Acasti as we evaluate our options moving forward," said Ford.
Contact the author at [email protected]