Sharechat Logo

Pacific Edge appoints McKinsey almumni Sitch to board

Friday 19th September 2014

Text too small?

Pacific Edge, the non-invasive bladder cancer test maker, has appointed former McKinsey & Co consultant Charles Sitch to its board.

Sitch will join the Dunedin-based company's board on Nov. 1 as an independent director, Pacific Edge said in a statement. Sitch is also a director of Spark New Zealand, and was previously a senior director at McKinsey, working with executives and boards on strategy and operation turnarounds. Pacific Edge hopes his contribution will speed up the global commercialisation of its Cxbladder device.

"The appointment of Charles will add a further dimension to the expertise of the board and his experience working with McKinsey globally brings a very strong strategic capability," chairman Chris Swann said.

Last month Pacific Edge announced plans to refresh its board to help its drive in the US, with the resignation of 12-year director Colin Dawson. The company is seeking to grow annual revenues to $100 million in the coming years, and this month secured a US patent for a skin cancer test, potentially expanding its range of products.

The shares were unchanged at 92 cents, and have dropped 31 percent this year, after getting caught in a global sell-off of biotech and software stocks.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar bounces off four-year low; seen weaker
Vector urges regulatory change in low-interest-rate environment
Vector urges regulatory change in low-interest-rate environment
Govt moves against surprise Supreme Court 'black hole' tax ruling
Qantas CFO Race Strauss to join A2 Milk as CFO
Climate Committee seeks data, evidence for future carbon budgets
Spark's wobbly world cup start raises stakes for live-streaming - analysts
An algorithm dunnit: anatomy of Spark's mid-match surrender
Stanley-Tallwood liquidator cuts deal over KiwiBuild development
Stanley-Tallwood liquidator cuts deal over KiwiBuild development

IRG See IRG research reports