DURECT Corporation Announces Retirement of Dr. Felix Theeuwes as Chairman of the Board and Distinguished Scientist
DURECT Corporation (DRRX)
Last durect corporation earnings: 3/3 04:05 pm
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US:NASDAQ Investor Relations:
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Source: PR Newswire
CUPERTINO, Calif., Dec. 17, 2018 /PRNewswire/ -- DURECT Corporation (Nasdaq: DRRX) announced today that Felix Theeuwes will retire as Chairman of the Board and Distinguished Scientist effective December 31, 2018. Dr. Theeuwes has been scaling back his activities in recent years, having gone to three days per week in April 2015 and one day per week in February 2018. David R. Hoffmann will assume the role of Chairman of the Board; he had been Lead Independent Director of the Board and will continue as Chairman of the Audit Committee. In addition, the Board of Directors has initiated a search for an additional independent board member. "We are very pleased to appoint David Hoffmann as our new Chairman," stated James E. Brown, President and CEO of DURECT. "He has made a substantial contribution over the years to DURECT as Lead Independent Director and Chairman of our Audit Committee.""On behalf of the Board and all of the employees of DURECT, I'd like to thank Felix for his many con
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