Evolus, Inc. (NASDAQ: EOLS) has announced the appointment of Albert G. White III, the President and Chief Executive Officer of The Cooper Companies, Inc., to its board of directors, effective July 1. With this appointment, Evolus' board will be composed of seven directors, six of whom are independent.
Albert G. White III brings extensive leadership experience and industry knowledge to Evolus, having served in various executive positions at The Cooper Companies, Inc. since 2006. His appointment is seen as pivotal for Evolus as it transitions from a single-product aesthetics company to a multi-product performance beauty innovator.
Evolus' flagship product, Jeuveau®, the first and only neurotoxin dedicated exclusively to aesthetics and manufactured using hi-pure™ technology, is gaining significant traction in the medical aesthetics industry. This aligns with the company's mission to become a global, multi-product aesthetics company.
Evolus has also expanded its product portfolio by entering into a definitive agreement to be the exclusive U.S. distributor of Evolysse™ and the exclusive distributor in Europe of Estyme®, a line of unique dermal fillers currently in late-stage development.
The appointment of Albert G. White III and the expansion of Evolus' product portfolio come at a time when the company is focused on delivering long-term shareholder value. This move is expected to further Evolus' strategy and aid in its evolution into a multi-product performance beauty innovator.
As of the time of this announcement, Evolus' stock is listed on the NASDAQ under the ticker symbol EOLS. As a result of these announcements, the company's shares have moved -3.8% on the market, and are now trading at a price of $10.66. For more information, read the company's full 8-K submission here.
