LAKE FOREST, CA--(MARKET WIRE)--Dec 9, 2008 -- CryoPort, Inc. (OTC BB:CYRX.OB - News) today announced it has named Larry Stambaugh to the Board of Directors. Mr. Stambaugh has also been elected to the position of Chairman of the Board.
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Mr. Stambaugh is currently a Principal of Apercu Consulting and sits on the boards of several companies. At Apercu, Mr. Stambaugh serves as an advisor to several private and public boards and CEOs, concentrating on strategic business direction, turnarounds and board governance. Mr. Stambaugh brings to CryoPort more than 30 years of successful experience building global businesses and setting strategies. He also brings an extensive background in life sciences and clean tech including relationships with and knowledge of Contract Research Organizations, and biotech and pharmaceutical companies.
Peter Berry, CEO of CryoPort, stated, "Recruiting a successful and experienced biotech/clean tech executive like Larry Stambaugh to join our Board of Directors at this time will enhance CryoPort's ability to move from an early revenue stage company to full global commercialization. We are extremely pleased to announce that Mr. Stambaugh has agreed to join the Board of Directors."
"I believe that CryoPort has an exciting opportunity to launch a game changing and environmentally friendly product in the global frozen shipment business," stated Mr. Stambaugh. "I look forward to working with the board and management on the challenges of growing the company and creating shareholder value."
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