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Asterias Appoints CEO

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Executive Summary

Regenerative medicine focused Asterias BioTherapeutics, Inc. has appointed Stephen L. Cartt president, CEO and a member of its board of directors. Don M. Bailey has also been appointed chair of the company's board. Cartt replaces Pedro Lichtinger, who was president, CEO and a board member since 2014. Bailey succeeds Alfred D. Kingsley who will remain on the board. Cartt started his career at ALZA Corporation where he held various R&D and commercial positions. He later served as senior director of strategic marketing at Elan Pharmaceuticals. He was also executive vice president, chief business officer and chief operating officer at Questcor. Bailey was president, CEO and on the board of Questcor and he was also board member and chair of the portfolio committee of Mallinckrodt. He is currently director, audit committee chair, and a member of the transaction committee of Biotie Therapies Corp.

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