Latest news with #SwamiRaote
Bloomberg
10-03-2025
- Business
- Bloomberg
PolyNovo CEO Resigns After Reports of Board Tensions
PolyNovo Ltd. Chief Executive Officer Swami Raote resigned, effective immediately, after turmoil sparked by media reports of tension between the board and senior management. Board member and former CSL Ltd. executive Robyn Elliott will serve as acting CEO until a permanent replacement can be found, the Melbourne-based medical technology company said in a statement Tuesday. Raote, who is based in the US, will stay at the firm until June 10 to assist Elliott with the transition, the statement said.
Bloomberg
07-03-2025
- Business
- Bloomberg
Shares in Australian Biotech PolyNovo Slump as CEO Asked to Quit
Shares in PolyNovo Ltd. tumbled on Friday after the Australian medical firm said it asked Chief Executive Officer Swami Raote to step down from his role. The company released a statement on Friday confirming the request for Raote to step down in June, following an article in The Australian newspaper that morning. It didn't say whether Raote had accepted the terms of the 'confidential discussion' about his potential departure.
