Clover Announces Executive Leadership Appointments

SHANGHAI, China, July 01, 2022 (GLOBE NEWSWIRE) -- Clover Biopharmaceuticals, Ltd. (Clover; HKEX: 02197), a global clinical-stage biotechnology company developing novel vaccines and biologic therapeutic candidates, today announced the appointments of Aileen Wang as Chief Financial Officer and Lily Yang as Chief People Officer. These appointments further strengthen Clover’s global executive leadership team to drive its next phase of growth and operational success. Ms. Wang and Ms. Yang will also work closely with LiongHo Chua, Clover’s President of Greater China, to establish and lead a China-focused operational leadership team in advance of the anticipated launch of COVID-19 vaccine candidate, SCB-2019 (CpG 1018/Alum), in China and around the world.

“As Clover is entering a critical phase of its growth, we are taking thoughtful steps to further strengthen our executive leadership team,” said Joshua Liang, Chief Executive Officer and Executive Director of Clover. “Aileen has a long track record of success in establishing and leading efficient finance infrastructures and corporate operations for companies in the U.S. and Greater China, while Lily has extensive experience in growing and managing a global workforce and building an inclusive and diverse culture. Their contributions will be invaluable in guiding Clover through its transition into a global commercial-stage biotech in the coming months.”

Aileen Wang is an experienced finance executive with 25 years of experience in the U.S. and Greater China. She has a wealth of experience building business planning and resource allocation processes to accelerate business productivity. She has served as Clover’s Vice President of Finance since March 2021. Prior to Clover, Ms. Wang worked for Novartis for 10 years and held several senior leadership positions, including Head of Core Business Planning & Analysis for Novartis Gene Therapies at its U.S. headquarters and Chief Financial Officer for Sandoz China. During her tenure with Novartis, she led and overhauled multiple finance teams including building the finance function for a newly established business unit while successfully transforming its resource planning process to double the productivity and achieve accelerated growth. Earlier in her career, she held managerial roles with Motorola Inc. and Arthur Andersen LLP. Ms. Wang earned her MBA from Pennsylvania State University and a bachelor’s degree in engineering from Shanghai Jiao Tong University. She was also an Illinois-registered certified public accountant.