GRAIL Appoints Sarah Krevans to Board of Directors

Rhea-AI Summary

GRAIL, Inc. (Nasdaq: GRAL) has announced the appointment of Sarah Krevans to its Board of Directors, effective immediately. Krevans will serve on the Board's Audit, Compensation, and Nominating and Governance Committees. With her addition, the Board now consists of five directors, four of whom are independent.

Krevans served as president and CEO of Sutter Health from 2016 to 2022, overseeing an integrated network of 14,000 clinicians, 24 hospitals, and various healthcare services. Her leadership focused on advancing clinical programs, innovation, and digital health to improve patient accessibility.

Bob Ragusa, CEO of GRAIL, expressed confidence in Krevans' ability to bring valuable experience to GRAIL's mission of establishing a new standard for multi-cancer early detection. Krevans' extensive healthcare background includes executive roles at Kaiser Permanente and in Maine's healthcare administration. She holds master's degrees in business administration and public health from UC Berkeley and has been recognized as one of the top healthcare leaders by Modern Healthcare.

Positive

• Appointment of Sarah Krevans, an experienced healthcare leader, to the Board of Directors
• Increased board independence with 4 out of 5 directors now independent
• Krevans' expertise in advancing clinical programs, innovation, and digital health aligns with GRAIL's mission
• Potential for valuable insights from Krevans' experience in leading a large, integrated healthcare network

Negative

• None.

MENLO PARK, Calif., Oct. 21, 2024 /PRNewswire/ -- GRAIL, Inc. (Nasdaq: GRAL), a healthcare company whose mission is to detect cancer early when it can be cured, today announced the appointment of Sarah Krevans to its Board of Directors, effective immediately. Ms. Krevans will also serve as a member of the Board's Audit Committee, Compensation Committee, and Nominating and Governance Committee. Following the appointment of Ms. Krevans, the Board will be composed of five directors, four of whom are independent.

Ms. Krevans served as president and CEO of Sutter Health, a Northern California based not-for-profit health system in one of the most diverse and innovative regions in the nation, from 2016 to 2022. She was responsible for Sutter Health's integrated network of 14,000 clinicians, 24 hospitals, outpatient services, research facilities, and home health and hospice care. Under her leadership, Ms. Krevans advanced clinical programs, innovation, and digital health to make healthcare more accessible for patients.

"Sarah is a highly accomplished healthcare leader with extensive experience in a dynamic and diverse environment," said Bob Ragusa, CEO of GRAIL. "I am confident that her experience will bring immense value to GRAIL as we move toward establishing a new standard of care for multi-cancer early detection for patients."

Previously, Ms. Krevans served as chief operating officer, and regional executive officer and president of the Sutter Health Sacramento Sierra Region. She also held executive roles at Kaiser Permanente and served as deputy director of Maine's Bureau of Medical Services and acting director of Medicaid, health planning and licensure programs. Ms. Krevans' experience as a board member includes serving on many not-for-profit boards and as Chair of the California Association of Hospitals. She currently serves on the board of the Acacium Group and is the incoming Chair of CaringBridge.

Ms. Krevans earned master's degrees in business administration and in public health from the University of California, Berkeley, and a bachelor's degree from Boston University. She has been named as one of the "Top 25 Women Leaders" by Modern Healthcare and included on Modern Healthcare's list of the "100 Most Influential People in Healthcare."

About GRAIL
GRAIL is a healthcare company whose mission is to detect cancer early, when it can be cured. GRAIL is focused on alleviating the global burden of cancer by using the power of next-generation sequencing, population-scale clinical studies, and state-of-the-art machine learning, software, and automation to detect and identify multiple deadly cancer types in earlier stages. GRAIL's targeted methylation-based platform can support the continuum of care for screening and precision oncology, including multi-cancer early detection in symptomatic patients, risk stratification, minimal residual disease detection, biomarker subtyping, treatment and recurrence monitoring. GRAIL is headquartered in Menlo Park, CA with locations in Washington, D.C., North Carolina, and the United Kingdom.

For more information, visit grail.com.

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SOURCE GRAIL, Inc.

FAQ

Who is Sarah Krevans and why was she appointed to GRAIL's Board of Directors?

Sarah Krevans is a highly accomplished healthcare leader who served as president and CEO of Sutter Health from 2016 to 2022. She was appointed to GRAIL's Board of Directors for her extensive experience in healthcare leadership and her expertise in advancing clinical programs, innovation, and digital health, which aligns with GRAIL's mission of early cancer detection.

What committees will Sarah Krevans serve on GRAIL's Board?

Sarah Krevans will serve as a member of GRAIL's Board Audit Committee, Compensation Committee, and Nominating and Governance Committee.

How does Sarah Krevans' appointment affect the composition of GRAIL's Board of Directors?

Following Sarah Krevans' appointment, GRAIL's Board of Directors now consists of five members, with four of them being independent directors. This increases the board's independence and potentially brings fresh perspectives to the company's governance.

What is GRAIL's stock symbol on Nasdaq?

GRAIL's stock symbol on Nasdaq is GRAL.