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.