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Quanterix Appoints Vandana Sriram as Chief Financial Officer Billerica, Mass.

Key Takeaway: Quanterix Corporation has appointed Vandana Sriram as Chief Financial Officer, effective August 21, 2023, succeeding Michael Doyle. Sriram, with over 20 years of experience in financial leadership, has a strong background in supporting high-tech manufacturing industries. Her previous roles include Senior Vice President of Global Finance at Azenta Life Sciences and key positions at GE Aviation. The CEO expressed confidence in Sriram's ability to enhance Quanterix's strategic growth initiatives as the company continues its corporate transformation.

Market Sentiment Analysis

POSITIVE FACTORS

  • Vandana Sriram brings over 20 years of experience in financial strategy and transformation.
  • Her previous roles demonstrate her capacity to manage significant corporate transitions effectively.
  • Sriram's expertise aligns with Quanterix's growth and innovation goals in the medical field.

Full Press Release Details

Quanterix Appoints Vandana Sriram as Chief Financial
Billerica, Mass. - August 9, 2023 - Quanterix
Corporation (NASDAQ: QTRX), a company fueling scientific discovery and breakthrough diagnostics through ultrasensitive biomarker detection,
today announced that it has appointed Vandana Sriram, CPA, as Chief Financial Officer (CFO), effective August 21, 2023. Sriram replaces
Michael Doyle, who has served as the Company's CFO since July 2021. As previously announced, Mike will transition to the role
of Executive Director, Finance, focusing on strategic growth programs until his retirement in March 2024.
"Vandana is experienced in developing and executing strategic
roadmaps and financial plans to foster growth opportunities," said Masoud Toloue, CEO at Quanterix. "The executive team and
I are thrilled to welcome her as a partner to further strengthen our current market position and build robust scale. I would like to thank
Mike for his guidance and partnership over the last year as we kicked off and continue to successfully execute a major corporate transformation.
I expect a smooth transition between Mike and Vandana, and I look forward to them working together into 2024."
Sriram is a global senior executive with more than 20 years of diversified
experience supporting the growth of high-tech manufacturing industries through financial strategy and transformation. Most recently, Sriram
served as Senior Vice President of Global Finance at Azenta Life Sciences where she was responsible for the Controllership, FP&A,
and segment CFO activities as a member of the leadership team. She was instrumental in the separation of Azenta and Brooks Automation,
and the subsequent deployment of capital to three acquisitions within eight months and management of their integration processes. Prior
to Azenta, Sriram served as Senior Executive and Head of FP&A for GE Aviation, a leading provider of commercial and military jet engines
and components. While there, she led overall financial planning and drove simplification of financial processes and operating rhythms
during a highly dynamic COVID downturn period. Throughout her career with GE spanning over 20 years, and at Azenta for two years, she
has partnered with operating teams to drive engagement and accountability on financial performance, resulting in more focused operational
actions and outcomes.
"I look forward to applying my career experience in financial
management and business strategy to a company that is driving innovation in medicine and breaking new ground in the field of scientific
research," said Sriram. "I have great respect for the market momentum Quanterix has created through its Simoa technology for
breakthrough discovery in research and clinical applications, and I look forward to building on this foundation for continued growth."
Sriram brings global experience to Quanterix through her previous roles
at GE Additive in Germany, GE Global Growth Organization MENAT (Middle East, North Africa and Turkey) in Dubai, GE Capital India and Arthur
Andersen in New Delhi. She is a Chartered Accountant from the Institute of Chartered Accountants of India. Sriram also graduated from
the GE Experience Financial Leadership Program and is a registered CPA.
learn more about Quanterix, visit: www.quanterix.com/about.
From discovery to diagnostics, Quanterix's ultrasensitive biomarker
detection is fueling breakthroughs only made possible through its unparalleled sensitivity and flexibility. The Company's Simoa
technology has delivered the gold standard for earlier biomarker detection in blood, serum or plasma, with the ability to quantify proteins
that are far lower than the Limit of Quantification (LoQ) of conventional analog methods. Its industry-leading precision instruments,
digital immunoassay technology and CLIA-certified Accelerator laboratory have supported research that advances disease understanding and
management in neurology, oncology, immunology, cardiology and infectious disease. Quanterix has been a trusted partner of the scientific
community for nearly two decades, powering research published in more than 2,000 peer-reviewed journals. Find additional information about
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "expect," "plan,"
"anticipate," "estimate," "intend" and similar expressions (as well as other words or expressions
referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements
in this news release are based on Quanterix's expectations and assumptions as of the date of this press release. Each of these forward-looking
statements involves risks and uncertainties. Factors that may cause Quanterix's actual results to differ from those expressed or
implied in the forward-looking statements in this press release are discussed in Quanterix's filings with the U.S. Securities and
Exchange Commission, including the "Risk Factors" sections contained therein. Except as required by law, Quanterix assumes
no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information
Maya Nimnicht, PAN Communications
Investor Relations Contact:

Frequently Asked Questions

Who is the new CFO of Quanterix?

Vandana Sriram has been appointed as the Chief Financial Officer.

When will Vandana Sriram start at Quanterix?

She will assume her role on August 21, 2023.

Who is Vandana Sriram replacing as CFO?

She replaces Michael Doyle, who served as CFO since July 2021.

What is Sriram's experience in finance?

Sriram has over 20 years of experience in financial strategy and transformation.

What technology does Quanterix specialize in?

Quanterix specializes in ultrasensitive biomarker detection technology.

Last updated: Aug 9, 2023