Exhibit 99.1
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HUTCHMED (China) Limited
和黃醫藥(中國)有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 13)
HUTCHMED Announces Appointment of Acting Chief Executive Officer
HUTCHMED (China) Limited (“HUTCHMED” or the “Company”) today announces that the Board of Directors has been informed that Dr Weiguo Su, an Executive Director of the Company, will take a leave of absence from his duties as Chief Executive Officer due to health reasons.
In light of this, the Board of Directors has appointed Mr Johnny Cheng, an Executive Director and Chief Financial Officer of the Company, as Acting Chief Executive Officer with immediate effect.
In addition to his role as Chief Financial Officer, Mr Cheng will assume responsibility for overseeing the day-to-day operations and management of the Company during the interim period, ensuring continuity of leadership and decision-making.
In the meantime, Dr Su will remain as Chief Scientific Officer of the Company. His roles and responsibilities will be performed with the support of the scientific team of the Group which will continue its work on the determined drug research and discovery pipeline as planned. The Board is confident that all research, development and commercial initiatives will remain on track.
The Board expresses its full support for Dr Su and wishes him a speedy recovery. The Board also extends its appreciation to Mr Cheng for assuming the responsibilities of Acting Chief Executive Officer during this interim period.
Biographical details of Mr Johnny Cheng
Mr Cheng, aged 58, has been an Executive Director since 2011 and Chief Financial Officer of the Company since 2008. He is a member of the Sustainability Committee of the Company.
Prior to joining the Company, Mr Cheng was vice president, finance of Bristol Myers Squibb in China and was a director of Sino-American Shanghai Squibb Pharmaceuticals Ltd. and Bristol-Myers Squibb (China) Investment Co. Ltd. in Shanghai between late 2006 and 2008.
Mr Cheng started his career as an auditor with Price Waterhouse (currently PricewaterhouseCoopers) in Australia and then KPMG in Beijing before spending eight years with Nestlé China where he was in charge of a number of finance and control functions in various operations. Mr Cheng received a Bachelor of Economics, Accounting Major from the University of Adelaide and is an associate of Chartered Accountants Australia and New Zealand.