New Chair for Cryosite

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Mr Stephen Roberts has been appointed Chair of cord blood and tissue banking company Cryosite (ASX:CTE).

He was previously appointed a non-executive director of the company in December last year.

Andrew Kroger, who will remain a non-executive director, has decided to step down as Chairman due to increasing time commitments.

Cryosite has been banking cord blood stem cells since 2002 and is fully licensed by the Therapeutic Goods Administration, and accredited by NATA, to provide both autologous and directed allogeneic cord blood stem cell banking services.

Mr Roberts has over 25 years management experience in global financial services, security processes and hardware and consumer companies. He is currently Chairman of Growth Farms, one of Australia’s largest rural fiduciary and advisory businesses and a number of other  unlisted public companies.

His past roles include CEO and Senior Partner of Mercer Investments Asia Pacific and Middle East, Managing Director of Russell Investments Australasia and Senior Vice President at BT funds Management.

Mr Roberts was a director of Cancer Council Australia and New South Wales and is a member of the Social Ventures Australia Leadership Council. He has an Executive MBA from INSEAD in France, a Graduate Management qualification from the University of New South Wales, and holds a Bachelor of Business Degree with a double major from the University of Technology Sydney.