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MaxCyte Confirms Appointment of Maher Masoud as President, Chief Executive Officer and Director

Key Takeaway: MaxCyte, Inc. has officially announced the appointment of Maher Masoud as President and Chief Executive Officer, effective January 1, 2024. Along with his new role, Mr. Masoud will serve as a director on the company's Board. Mr. Masoud has no prior directorship or partnership roles in the last five years, suggesting a clean slate for leadership at MaxCyte.

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of Maher Masoud as CEO is a strategic leadership move.
  • Mr. Masoud brings a fresh perspective with no previous directorships, indicating potential for innovation.
  • MaxCyte is positioned well in the cell-engineering sector, highlighting growth opportunities.

Full Press Release Details

ROCKVILLE, Md., Jan. 01, 2024 (GLOBE NEWSWIRE) -- MaxCyte, Inc., (NASDAQ: MXCT; LSE: MXCT), a leading, cell-engineering focused company providing enabling platform technologies to advance the discovery, development and commercialization of next-generation cell therapeutics and innovative bioprocessing applications, is pleased to confirm the appointment of Maher Masoud as President and Chief Executive Officer of MaxCyte effective as of January 1, 2024. In addition, Mr. Masoud now serves as a director on MaxCyte’s Board of Directors.
Pursuant to Rule 17 of the AIM Rules for Companies ("AIM Rules") and Schedule Two Paragraph (g) of the AIM Rules, Mr. Maher Issa Masoud, aged 48 does not currently have any other directorship or partnership appointments and has not been a director or a partner of another company within the previous five years. Mr. Masoud also holds 674,200 options over common stock of the Company. There is no further information which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Mr. Masoud.
US IR Adviser Gilmartin Group David Deuchler, CFA +1 415-937-5400 ir@maxcyte.com
US Media Relations Seismic Valerie Enes +1 408-497-8568
Nominated Adviser and Joint Corporate Broker Panmure Gordon Emma Earl / Freddy Crossley Corporate Broking Rupert Dearden +44 (0)20 7886 2500
UK IR Adviser ICR Consilium Mary-Jane Elliott Chris Welsh +44 (0)203 709 5700 maxcyte@consilium-comms.com

Frequently Asked Questions

Who is the new CEO of MaxCyte as of January 1, 2024?

Maher Masoud has been appointed as the President and CEO of MaxCyte.

What is Maher Masoud's age?

Maher Masoud is 48 years old.

Does Maher Masoud hold any other directorships?

No, Mr. Masoud does not have any other directorship or partnership appointments.

How many stock options does Maher Masoud hold?

He holds 674,200 options over common stock of MaxCyte.

Where can I find investor relations contacts for MaxCyte?

Investor relations contacts are provided for Gilmartin Group and ICR Consilium.

Last updated: Jan 2, 2024