logo


Board Changes at Novogen Limited Announced - Mar 23 2009 11:02AM
Monday, March 23, 2009 10:46 AM


NEW CANAAN, CT and SYDNEY, AUSTRALIA -- (Marketwire) -- 03/23/09 -- Novogen Limited (ASX: NRT) (NASDAQ: NVGN) is pleased to announce the appointment of Mr. William D. Rueckert to its Board of Directors.

The advantage for Novogen of Mr. Rueckert becoming a director is that he is already familiar with the group, having been a director for two years on the boards of subsidiaries, Glycotex and Marshall Edwards, and brings considerable U.S. based commercial experience.

Mr. Rueckert is the Managing Member of Oyster Management Group, LLC and is a director of Glycotex, Inc., an 83 percent owned unlisted subsidiary of Novogen Limited. Mr. Rueckert was formerly a director of Emergency Filtration Products, Inc., a public manufacturer and marketer of respiratory filtration devices, and President and Director of Eastern Capital Development, LLC since 1999. He also served as President and Director of Rosow & Company, a private investment firm based in Connecticut since 1990, Treasurer of Moore & Munger, Inc., a company with interests in the petroleum and resort development industries from 1988 to 1990, and was President of United States Oil Company, a publicly traded oil exploration business from 1981 to 1988. Among his many civic association affiliations, Mr. Rueckert is Director and President of the Cleveland H. Dodge Foundation, a private philanthropic organization in New York City and Chairman of the Board of the Trustees of Teachers College at Columbia University.

Mr. Rueckert has resigned as a director of Marshall Edwards Inc., the 72 percent U.S. subsidiary of Novogen Limited.

Welcoming Mr. Rueckert to the Novogen board, Chairman Philip Johnston said his particular expertise and experience would bring additional strong commercial acumen to the Board and in particular his knowledge of all facets of the U.S. capital markets. His two years on the boards of Marshall Edwards and Glycotex have further equipped Mr. Rueckert with a detailed understanding of the operations of the Novogen Group.

Novogen Limited also announces that Mr. Peter Simpson will retire as a director prior to June 30, 2009.

At Novogen's AGM last year, Mr. Simpson, having been a director for 15 years, indicated his intention to resign this year after a suitable replacement was found.

About Novogen Limited and Marshall Edwards, Inc.

Novogen Limited is an Australian biotechnology company based in Sydney, Australia, that is developing a range of oncology therapeutics from its proprietary flavonoid synthetic chemistry technology platform. Marshall Edwards, Inc. (NASDAQ: MSHL) is a majority owned US subsidiary of Novogen which has licensed rights from Novogen to undertake clinical trials to bring three of its oncology drugs -- phenoxodiol, triphendiol (NV-196) and NV-143 -- to market globally.



(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia