Karyopharm Therapeutics Announces the Appointment of Chief Accounting Officer

Rhea-AI Summary

Karyopharm Therapeutics (Nasdaq: KPTI) has appointed Kristin Abate as Vice President, Chief Accounting Officer, and Assistant Treasurer, effective November 20, 2024. Abate, who has been serving as interim principal financial officer and interim principal accounting officer since November 6, 2024, will continue as interim principal financial officer. With over 15 years of finance experience, she joined Karyopharm in July 2019 and previously worked at PricewaterhouseCoopers LLP from 2007 to 2019. She holds a B.S. in Business Administration from Bryant University and a Masters of Science in Accountancy from Boston College.

Positive

• Internal promotion demonstrates succession planning and talent retention
• Appointee brings 15 years of finance experience and relevant industry expertise
• Smooth transition as appointee was already serving in interim roles

Negative

• Continued interim status of principal financial officer position indicates incomplete executive team

News Market Reaction – KPTI

+0.34%

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+0.34% News Effect

On the day this news was published, KPTI gained 0.34%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEWTON, Mass., Nov. 20, 2024 /PRNewswire/ -- Karyopharm Therapeutics Inc. (Nasdaq: KPTI), a commercial-stage pharmaceutical company pioneering novel cancer therapies, today announced that Kristin Abate, the Company's Vice President, Accounting, Corporate Controller and Assistant Treasurer has been appointed the Company's Vice President, Chief Accounting Officer, and Assistant Treasurer, effective November 20, 2024. Ms. Abate, who has also served as the Company's interim principal financial officer and interim principal accounting officer since November 6, 2024, has been designated as the Company's principal accounting officer, effective November 20, 2024. Ms. Abate will continue to serve as the Company's interim principal financial officer.

Ms. Abate has over 15 years of experience in finance and has been employed by the Company since July 2019 in a variety of roles with increasing seniority, most recently as its Vice President, Accounting, Corporate Controller and Assistant Treasurer. Prior to joining the Company, Ms. Abate worked in various roles as a public accountant from 2007 to July 2019 at PricewaterhouseCoopers LLP. Ms. Abate received a B.S. in Business Administration from Bryant University and a Masters of Science in Accountancy from Boston College and is a certified public accountant.

About Karyopharm Therapeutics

Karyopharm Therapeutics Inc. (Nasdaq: KPTI) is a commercial-stage pharmaceutical company whose dedication to pioneering novel cancer therapies is fueled by a belief in the extraordinary strength and courage of patients with cancer. Since its founding, Karyopharm has been an industry leader in oral compounds that address nuclear export dysregulation, a fundamental mechanism of oncogenesis. Karyopharm's lead compound and first­in­class, oral exportin 1 (XPO1) inhibitor, XPOVIO^® (selinexor), is approved in the U.S. and marketed by the Company in three oncology indications. It has also received regulatory approvals in various indications in a growing number of ex­U.S. territories and countries, including Europe and the United Kingdom (as NEXPOVIO^®) and China. Karyopharm has a focused pipeline targeting indications in multiple high unmet need cancers, including in multiple myeloma, endometrial cancer, myelofibrosis, and diffuse large B-cell lymphoma (DLBCL). For more information about our people, science and pipeline, please visit www.karyopharm.com, and follow us on LinkedIn and on X at @Karyopharm.

XPOVIO^® and NEXPOVIO^® are registered trademarks of Karyopharm Therapeutics Inc.

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SOURCE Karyopharm Therapeutics Inc.

FAQ

Who is the new Chief Accounting Officer at Karyopharm Therapeutics (KPTI)?

Kristin Abate has been appointed as Vice President, Chief Accounting Officer, and Assistant Treasurer at Karyopharm Therapeutics, effective November 20, 2024.

What positions did Kristin Abate hold at KPTI before becoming Chief Accounting Officer?

Prior to this appointment, Kristin Abate served as Vice President, Accounting, Corporate Controller and Assistant Treasurer, and has been with Karyopharm since July 2019 in roles of increasing seniority.

When did Kristin Abate start serving as interim principal financial officer at KPTI?

Kristin Abate began serving as interim principal financial officer and interim principal accounting officer at Karyopharm Therapeutics on November 6, 2024.