Valencia, Calif., USA, and Melbourne, Australia, 15 May 2019 — AVITA Medical (ASX: AVH, OTCQX: AVMXY), a global regenerative medicine company, announced today that Dale A. Sander is resigning as Chief Financial Officer (CFO) to spend more time with his family on the east coast, effective immediately. Tim Rooney, AVITA’s Chief Administrative Officer, will assume the role of interim CFO until a comprehensive search can be completed. Tim previously served as CFO for AVITA from 2012 to 2017 before assuming his current role. “We thank Dale for his service and contributions to AVITA over the past eighteen months and wish him all the best,” said Dr. Mike Perry, Chief Executive Officer. “This year has proven to be transformational for AVITA as we continue the launch of our first product for the treatment of burns in the United States. Tim is well suited to assume the interim role of CFO. In addition to his deep financial expertise and previous experience as AVITA’s CFO, Tim is instrumental in our ongoing operational and strategic growth.” Mr. Rooney joined AVITA Medical as CFO and Chief Operating Officer in 2012, leading various key executive roles including interim CEO from 2013 to 2015. Prior to AVITA, Mr. Rooney was an executive at PDI Enterprises, Inc., a pharmaceutical wholesale distributor, where he served as CFO/COO, and managed their revenue growth from $5 million to $430 million. Mr. Rooney holds degrees in Business Administration with an emphasis in Finance and Economics and has over 25 years of experience in C-level financial and operational management in the healthcare industry. AVITA has retained an executive recruiting firm to commence a formal search for a permanent Chief Financial Officer.
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