Trinity Biotech Announces Appointment Of Louise Tallon As Chief Financial Officer; Des Fitzgerald Will Continue As Interim CFO Until Late July 2024; Reiterates Financial Guidance And Intend To Achieve ~$20M Of Annualized Run-Rate EBITDASO On Annualized Revenues Of ~$75M By Q2 2025

Author: Benzinga Newsdesk | July 09, 2024 04:07pm

Trinity Biotech plc (NASDAQ:TRIB) a commercial stage biotechnology company focused on human diagnostics and diabetes management solutions, including wearable biosensors, today announces the appointment of Louise Tallon as Chief Financial Officer ("CFO"). Louise will join Trinity Biotech in August 2024. Des Fitzgerald, who has acted as interim CFO since December 2023 will continue as interim CFO until late July 2024.

 

Commenting on the appointment, John Gillard, CEO of Trinity Biotech plc, said "We are delighted to welcome Louise, who brings extensive experience in transformation and growth within a dynamic environment. This skill set, combined with her extensive experience in the life sciences product commercialisation industry, will elevate the continued development of the organisation as we continue to deliver on our corporate strategy of delivering our comprehensive transformation plan and introducing our next generation continuous glucose monitor, or CGM, to global markets. With the CFO transition we also reiterate our financial guidance and intend to achieve approximately $20 million of annualized run-rate EBITDASO1 on annualized revenues of approximately $75 million by Q2 2025."

Posted In: TRIB