MECHELEN, BELGIUM: Biocartis Group NV, a molecular diagnostics company listed on Euronext Brussels, has announced changes to its executive management team. Roger Moody has been appointed as the new Chief Executive Officer, effective from April 24, 2023.

Herman Verrelst, the current CEO, will transition to the role of Executive Chairman of the Board of Directors, while Christian Reinaudo, the current Chairman of the Board, will become the Lead Independent Director.

Roger Moody has over 30 years of experience in the technology and healthcare industry, including senior executive positions in scaling up public companies, leading strategic business development, and securing funding in both private and public offerings. His appointment is part of Biocartis Group’ plan to expand its focus on the US market, after the recent appointment of Bryan Dechairo to the Board of Directors.

Herman Verrelst will ensure operational continuity during the transition period and provide support to the new CEO in investor relations, financing matters, and strategic partnering. Christian Reinaudo will remain the Chairman of the Remuneration and Nomination Committee, and his role as the Lead Independent Director will ensure the independence of the Board of Directors from the Company’s executive leadership team.

According to Herman Verrelst, Biocartis’ fundamentals are strong, and Roger Moody’s experience in building value in rapidly growing molecular diagnostics companies will be valuable in expanding the company’s fast-growing core oncology business.

Roger Moody believes Biocartis Group’ unique ability to address the unmet need for automation, ease-of-use, and fast turn-around times in molecular oncology testing is well-recognized, and he looks forward to expanding the company’s molecular diagnostic product offering and strengthening its foothold in key markets such as the US.

The Board of Directors is confident that the new executive leadership team will bring continuity to the further accomplishment of Biocartis’ mission while adding additional experience that is essential to ensure the company’s further growth towards profitability.