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Posted 07 March, 2023

Biostage, Inc. appointed new CEO

CEO Change detected for ticker OTC:BSTG in a 8-K filed on 07 March, 2023.


  Chairman and Chief Executive Officer Transition  

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Overview of Biostage, Inc.
Health Care/Life Sciences • Medical Equipment/Supplies
Harvard Apparatus Regenerative Technology, Inc. is a biotechnology company, which engages in the development of organ implants to treat congenital defects, cancers, and life-threatening conditions of the esophagus, bronchus and trachea. It operates through Cellframe technology, engineered to stimulate the body's signaling pathways and natural healing process to regenerate and restore organ function. The company was founded on May 3, 2012 and is headquartered in Holliston, MA.
Market Cap
$42.7M
View Company Details
Biostage, Inc. by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Chairman and Chief Executive Officer Transition


Effective as of March 1, 2023, Biostage, Inc. or the Company, implemented a transition of its Chairman and Chief Executive Officer roles. In connection therewith, the Company's existing director, Junli (Jerry) He, was appointed Chairman and Chief Executive Officer of the Company, in replacement of David Green in such roles. Mr. Green will remain on the Board of Directors of the Company and also will provide support to Mr. He during his transition to the Chief Executive Officer role.


Mr. He, age 48, has served as a member of our Board of Directors since September 1, 2021. Mr. He serves as the Executive Vice Chairman of Bright Scholar Holdings and has been in that position since January 2019. Prior to the promotion, Mr. He had served as the CEO of Bright Scholar. Prior to joining Bright Scholar, Mr. He was a Managing Director at TStone Corp, and served as CFO, CEO and a director of Noah Education Holdings Ltd., a former NYSE listed private education services provider in China. Mr. He was a portfolio manager at Morgan Stanley Global Wealth Management from June 2008 to June 2009 and was employed by Bear Stearns from November 2006 to May 2008. Mr. He obtained a bachelor's degree in science from Peking University and an M.B.A. with Honors from the University of Chicago, Booth School of Business. Mr. He is also a CFA charter holder. Mr. He does not have any family relationship with any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or officer.


On March 1, 2023, the Company issued a press release regarding the Chairman and Chief Executive Officer transition. The full text of the press release is attached as Exhibit 99.1 hereto and incorporated by reference into this Item 5.02.