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Biostocks01on Jul 18, 2012 9:03am
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Post# 20124840
Akela Pharma, Inc. Announces Board of Director Tra
Akela Pharma, Inc. Announces Board of Director Tra AUSTIN, TX, July 17, 2012 /CNW Telbec/ - Akela Pharma, Inc. (TSX: AKL)
today announced that Mr. Robert W. Rieder is stepping down as Chairman
of the Board and as a member of the Board of Directors of Akela Pharma,
Inc. to continue his focus as CEO and Director of ESSA Pharma, Inc.
Akela also announced that Mr. Seth E. Lemler, of Lemler Capital
Advisors, LLC, has joined Akela's Board of Directors and has been named
Chairman of the Board.
Mr. Rieder joined the Board of Akela in May of 2009 and was elected as
Chairman of the Board in August 2009. "Bob has served and dedicated
many years as Chairman of the Board of Akela and has overseen the
Company through some challenging periods" said Mr. Rudy Emmelot,
President & CEO of Akela. "We are very thankful to Bob for his
steadfastness and leadership over the past several years and wish him
the best of success at ESSA Pharma."
The Company is proud to welcome Mr. Seth Lemler to the Akela Board of
Directors as Chairman of the Board. Mr. Lemler currently runs Lemler
Capital Advisors and has a distinguished career that has encompassed
over 25 years of experience including working for Versa Capital
Management, Inc., Morgan Joseph & Co. and Ladenburg Thalmann & Co. Mr.
Lemler has advised businesses in industries ranging from health care
and manufacturing to technology and consumer products. Mr. Lemler's
breadth of experience spans nearly all aspects of operations and
finance. "We are proud to have Seth join the Akela Board of Directors
and serve as Chairman of the Board" said Mr. Emmelot. "Seth brings
tremendous experience and expertise to Akela having advised numerous
businesses on strategic planning and execution."
Mr. Lemler holds a Masters of Business Administration from the
University of Chicago's Booth Graduate School of Business and is a
graduate of the Massachusetts Institute of Technology, where he earned
a B.S. degree in Chemical Engineering.
About Akela Pharma, Inc
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