Sema4 Announces Chief Financial Officer Transition Plan
14 Juin 2022 - 10:30PM
Sema4 (Nasdaq: SMFR), an AI-driven genomic and clinical data
intelligence platform company, today announced its Chief Financial
Officer (CFO), Isaac Ro, will be leaving the company on August 9,
2022. Effective immediately, Richard Miao, Sema4’s Deputy CFO, will
serve as interim CFO while the company conducts a search for a
permanent CFO. Mr. Ro will provide consulting services to Sema4 for
six months to facilitate a smooth transition of responsibilities.
“We are extremely thankful for Isaac’s leadership and experience
as he helped guide Sema4’s evolution into a publicly traded
company, build a strong finance team, and close the acquisition of
GeneDx," said Katherine Stueland, Chief Executive Officer of Sema4.
“We offer Isaac our deepest gratitude and we wish him continued
success in his next endeavor.”
Ms. Stueland continued: “As we look to our next phase of
commercial growth and continuing on the path to profitability, we
remain committed to further accelerating precision medicine as the
standard of care. We look forward to welcoming a new CFO who will
help us further drive our goals and mission.”
“Sema4 has grown rapidly over the past eighteen months and has
evolved into an industry-leading health intelligence company,” said
Mr. Ro. “Looking forward, there are significant growth
opportunities across many disease areas as well as a path to
profitability for Sema4. I am honored to have helped lead the
company’s transformation and am excited about the prospects of the
business.”
Mr. Miao has more than 18 years of experience in Corporate
Finance across multiple growth industries and will report directly
to Ms. Stueland in his interim role.
Mr. Ro’s departure is not related to any disagreement with the
company’s accounting principles or practices or financial statement
disclosures. The company has engaged Russell Reynolds to conduct
the search for Mr. Ro’s permanent replacement.
About Sema4Sema4 is a patient-centered health
intelligence company dedicated to advancing healthcare through
data-driven insights. Sema4 is transforming healthcare by applying
AI and machine learning to multidimensional, longitudinal clinical
and genomic data to build dynamic models of human health and
defining optimal, individualized health trajectories.
Centrellis™, our innovative health intelligence platform, is
enabling us to generate a more complete understanding of disease
and wellness and to provide science-driven solutions to the
most pressing medical needs. Sema4 believes that patients
should be treated as partners, and that data should be shared for
the benefit of all.
For more information, please visit sema4.com and connect
with Sema4 on Twitter, LinkedIn,
Facebook and YouTube.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws, including
statements regarding our future performance and our market
opportunity, including our expected full year 2022 financial
guidance, our expectations for our growth and future investment in
our business, and our expectations of the anticipated benefits and
synergies of the recently completed GeneDx acquisition. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: (i) the ability to implement business plans, goals and
forecasts, and identify and realize additional opportunities, (ii)
the risk of downturns and a changing regulatory landscape in the
highly competitive healthcare industry, (iii) the size and growth
of the market in which we operate, and (iv) the risk that the
anticipated benefits of the GeneDx acquisition may not be fully
realized, if at all. The foregoing list of factors is not
exhaustive. You should carefully consider the foregoing factors and
the other risks and uncertainties described in the “Risk Factors”
section of our Annual Report on Form 10-K for the fiscal year ended
December 31, 2021, filed with the U.S. Securities and Exchange
Commission (the “SEC”) on March 14, 2022 and other documents filed
by us from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and we assume no
obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. We do not give any assurance that we
will achieve our expectations.
Investor Relations Contact:Joel
Kaufmaninvestors@sema4.comMedia Contact:Radley
Mossradley.moss@sema4.com
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