New leadership for Rhythm Biosciences

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The board of medical diagnostics company Rhythm Biosciences (ASX:RHY) has appointed Glenn Gilbert as its CEO.

Dr Trevor Lockett has transitioned to technical director from managing director and CEO, with his role now focussed primarily on the scientific and technical imperatives of the business. Dr Lockett will also chair the company’s clinical advisory board and remain on its board of directors.

Rhythm chairman Mr Shane Tanner said, “Rhythm is fortunate to have attracted a person of Glenn’s calibre to lead the business in the next phase of its growth. Crucial next steps are completing clinical trials, regulatory approvals and commercial advancement into domestic and international markets. The company will benefit from Glenn’s networks and experience in growing businesses such as ours."

Dr Lockett added: “Glenn is a highly motivated, competent and capable professional whose impact has already seen the business improve significantly and he is bringing strong disciplines and commercial acumen to the team at just the right time. With the company switching further to commercial priorities I endorse Glenn’s appointment and look forward to working closely with him.”

Mr Gilbert has over 15 years of leadership and senior management experience. Prior to joining Rhythm, Mr Gilbert held senior roles at the successful ASX listed pharmaceutical and device maker Medical Developments International, most recently as head of sales and marketing with oversight of global product commercialisation. He has strong business experience across the UK, Europe, Asia, North America and elsewhere and his experience includes mergers and acquisitions and managing intellectual property. Previously, Mr Gilbert held leadership roles at CSL’s biotherapeutics arm, now known as Seqirus.

“I am excited to be leading the business at a time when the growth opportunity is so strong," said Mr Gilbert. 

"The progress made, not only in the past six months but over several years, has de-risked a large part of the science. This is attributable to Trevor’s guidance and the entire Rhythm team’s commitment and passion to bring our simple, lifesaving blood test to commercial realisation. It is a testament of Trevor’s integrity and commitment to Rhythm and its shareholders that he is supportive of the transition and remains focussed on the company’s growth. I am excited to be endorsed as incoming CEO and look forward to contributing further.”

Mr Tanner added, “On behalf of the Board I acknowledge the outstanding work by Dr Lockett for Rhythm over the past 18 months. This has included licensing the current technology from CSIRO, managing the IPO and driving the research and development program. The Board and I are delighted that Trevor, who was instrumental in the original development of ColoSTAT, will continue to drive the technical and scientific areas of our business. We look forward to reporting our progress over the coming months with total shareholder returns front of mind.”