David Eatwell to Retire as Chief Financial Officer of Genmab

Written by: editor@pharmiweb.com
Published on: 1 Nov 2019
  • David Eatwell has decided to retire on February 29, 2020
  • Anthony Pagano, Senior Vice President Finance and Corporate Development will be promoted to Executive Vice President and CFO, effective March 1, 2020
  • Genmab will assume a search for a Chief Operating Officer

Copenhagen, Denmark; October 30, 2019 – Genmab A/S (Nasdaq: GMAB) announced today that David Eatwell, Executive Vice President and Chief Financial Officer, has decided to retire on February 29, 2020 after a distinguished 11-year career with the company. David joined Genmab as CFO in 2008 and will remain at the company until the end of February to ensure a smooth transition of his responsibilities. Anthony Pagano, currently Genmab’s Senior Vice President Finance and Corporate Development, will be appointed Executive Vice President and Chief Financial Officer effective March 1, 2020 and assume David’s finance responsibilities. In addition, Genmab will initiate a search to add a fourth executive position for an Executive Vice President and Chief Operating Officer, who will oversee the Commercial, Business Development and Information Technology functions.  

“David has been instrumental in helping build Genmab into the antibody innovation powerhouse that it is today,” said Jan van de Winkel, Ph.D., Chief Executive Officer of Genmab. “With David’s leadership and financial stewardship, we were able to weather some challenging years and enter transformative collaboration agreements with Janssen, GSK and Novartis. On behalf of the Genmab team, I wish David and his family the very best for the future.”

Anthony Pagano, Senior Vice President Finance and Corporate Development, joined Genmab in 2007 and was appointed Senior Vice President in 2011. He is a Certified Public Accountant and received a B.S. in Accounting from The College of New Jersey, as well as an M.B.A. from the Stern School of Business at New York University.

About Genmab
Genmab is a publicly traded, international biotechnology company specializing in the creation and development of differentiated antibody therapeutics for the treatment of cancer. Founded in 1999, the company has two approved antibodies, DARZALEX® (daratumumab) for the treatment of certain multiple myeloma indications, and Arzerra® (ofatumumab) for the treatment of certain chronic lymphocytic leukemia indications. Daratumumab is in clinical development for additional multiple myeloma indications, other blood cancers and amyloidosis. A subcutaneous formulation of ofatumumab is in development for relapsing multiple sclerosis. Genmab also has a broad clinical and pre-clinical product pipeline. Genmab's technology base consists of validated and proprietary next generation antibody technologies - the DuoBody® platform for generation of bispecific antibodies, the HexaBody® platform, which creates effector function enhanced antibodies, the HexElect® platform, which combines two co-dependently acting HexaBody molecules to introduce selectivity while maximizing therapeutic potency and the DuoHexaBody® platform, which enhances the potential potency of bispecific antibodies through hexamerization. The company intends to leverage these technologies to create opportunities for full or co-ownership of future products. Genmab has alliances with top tier pharmaceutical and biotechnology companies. Genmab is headquartered in Copenhagen, Denmark with core sites in Utrecht, the Netherlands and Princeton, New Jersey, U.S.