Immunomedics CEO Semerjian steps down for 'logistical obstacles' - InvestingChannel

Immunomedics CEO Semerjian steps down for ‘logistical obstacles’

Immunomedics announces that Harout Semerjian has decided to step down from his role as President and Chief Executive Officer. “This decision, which is effective immediately, is precipitated by the unfortunate significant logistical obstacles presented by the COVID-19 pandemic, including Mr. Semerjian’s ability to fully assume his duties as CEO. Dr. Behzad Aghazadeh, Executive Chairman of Immunomedics, will continue to support the Company in an executive leadership role going forward,” the company said in a statement. Immunomedics is not expecting to initiate a CEO search “until the global COVID-19 situation is stabilized.”