Kronos Bio Shakes Up Leadership - Cuts 83% Of Workforce Amid Strategic Overhaul [Yahoo! Finance]
Kronos Bio, Inc. (KRON)
Company Research
Source: Yahoo! Finance
Deborah Knobelman has been appointed as the company's new President and Interim Chief Executive Officer, effective December 3, 2024. Knobelman will take on the role of principal executive, financial, and accounting officer, succeeding Norbert Bischofberger, who will step down from his position as President and CEO. Bischofberger will continue to serve on Kronos Bio's Board of Directors and remain available as an advisor. Also Read: What's Going On With Tesla's Chinese Rival NIO Stock Today? In addition to the leadership shift, Kronos Bio revealed plans for a major workforce reduction. Approximately 83% of its employees will be laid off by the end of the year. This decision aligns with the company's ongoing efforts to implement cost reduction strategies as it explores potential business combinations or divestitures of its remaining preclinical assets. The goal is to maximize stockholder value while positioning the company for future opportunities. Knobelman said, “It was a
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KRON
News
- Kronos Bio announces interim CEO and workforce cuts of 83% [Yahoo! Finance]Yahoo! Finance
- Kronos Bio Announces CEO Transition and Reduction in ForceGlobeNewswire
- Kronos Bio Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Kronos Bio Highlights Preclinical Data that Show p300 KAT Inhibitors Reduce Inflammation in an Oral Presentation at ACR Convergence 2024 [Yahoo! Finance]Yahoo! Finance
- Kronos Bio Highlights Preclinical Data that Show p300 KAT Inhibitors Reduce Inflammation in an Oral Presentation at ACR Convergence 2024GlobeNewswire
KRON
Earnings
- 11/13/24 - Beat
KRON
Sec Filings
- 11/27/24 - Form 8-K
- 11/15/24 - Form EFFECT
- 11/14/24 - Form SC
- KRON's page on the SEC website