Exhibit 99.1
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Repligen Corporation
41 Seyon Street Building #1, Suite 100
Waltham, Massachusetts 02453 |
REPLIGEN ANNOUNCES CEO TRANSITION PLAN
Tony J. Hunt to Transition from Chief Executive Officer to Executive Chair, Olivier Loeillot Appointed to Role of President and Chief
Executive Officer, Effective September 1, 2024
WALTHAM, Mass., June 13, 2024 Repligen Corporation
(NASDAQ:RGEN), a life sciences company focused on bioprocessing technology leadership, today announced that its Board of Directors (Board) has approved the planned transition of Tony J. Hunt from Chief Executive Officer (CEO)
to Executive Chair, effective September 1, 2024. The Companys Board has appointed Olivier Loeillot to succeed Mr. Hunt in the role of President and CEO, also effective September 1, 2024. At the same time, Mr. Loeillot, who
joined the Company in October 2023 as President and Chief Commercial Officer, will join the Repligen Board, while current Board Chair Karen A. Dawes will assume the role of Lead Independent Director.
Mr. Hunt has served as Chief Executive Officer and a member of the Companys Board of Directors since May 2015, successfully leading the Company to
innovation leadership in bioprocessing. Under his direction, the Company has enjoyed consistent above-industry growth through disciplined acquisitions (M&A), internal product development (R&D), commercial execution and operational
excellence. During Mr. Hunts tenure as CEO, Repligens revenue grew from approximately $63 million in 2014 to $639 million in 2023, representing an average annual growth rate of over 30% over the nine-year period.
Karen A. Dawes, current Board Chair at Repligen, stated, Over the past two years, the Repligen Board has developed a leadership succession plan to
provide for the Companys ongoing success. Elevating Tony Hunt to Executive Chair and promoting Olivier Loeillot to CEO ensures that we will continue to have a clear strategic vision and achieve our long-term goals. Tony has been an outstanding
CEO and we thank him for his leadership and continued commitment to the Company. Olivier, given his exceptional experience and the positive impact he has made since joining Repligen, is an ideal successor to Tony. The Board is confident that he will
build on our strong foundation and successfully lead Repligen through the next phase of growth.
Mr. Loeillot currently oversees the
Companys four business units and the global commercial organization. His focus since joining Repligen has been on driving the commercial and corporate key accounts strategy, participating in strategic planning and evaluating potential business
development opportunities. A nearly 30-year industry veteran, Mr. Loeillot previously served for a combined 12 years with Cytiva (a Danaher company) and GE Healthcare Life Sciences. In his most recent
role at Cytiva, he served as Bioprocess President from 2018 to 2022, overseeing the multi-billion dollar bioprocess portfolio from cell culture media to purification resins and including process equipment,
single-use technologies and enterprise solutions. Prior to Cytiva, he worked for a combined 12 years with Lonza, advancing to Vice President Sales, Lonza Custom Manufacturing.
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