Corporate Vision Issue 6

CORPORATE VISION / Issue 6 2018 5 NEWS , Rigel Pharmaceuti- cals, Inc. announced that it has appointed Dean Schorno, CPA as Executive Vice President and Chief Financial Officer (CFO). On the 30th May 2018, Rigel Phar- maceuticals, Inc. announced that it has appointed Dean Schorno, CPA as Executive Vice President and Chief Financial Officer (CFO). Formerly the CFO and Head of Operations at 23andMe, Inc., Mr. Schorno brings to Rigel over fif- teen years of experience leading finance functions at innovative commercial-stage biotechnology companies. “Dean joins the Rigel management team at an important crossroad as we transition to commercialisation with the FDA approval and recent launch of TAVALISSE™ (fostam- atinib disodium hexahydrate), an important new treatment option for adults with chronic immune throm- bocytopenia (ITP) who have had an insufficient response to a pre- vious treatment,” said Raul Rodri- guez, president and CEO of Rigel. “We will rely on Dean’s leadership to guide our corporate finance function as well as related strategic and operational implementations as we launch our new product. I’m very confident that Dean will make important contributions to Rigel’s success from day one.” Mr. Schorno joinsRigel from23and- Me, Inc., the leading consumer genetics and research company, where he has been CFO since 2015. Before joining 23andMe, Mr. Schorno was CFO of Adaptive Bi- otechnologies (Seattle, WA) and Genomic Health (Redwood City, CA). During this time, Mr. Schorno led financial operations through periods of significant business and commercial growth which included significant financing and commer- cial transaction activity. Mr. Schor- no began his career in finance at an international accounting firm in San Francisco, CA before starting his own consultancy in 1991. A cer- tified public accountant, Mr. Schor- no is a graduate of the University of California, Berkeley (BS, Business Administration) and Golden Gate University (MS, Taxation). “It’s an exciting time to join Rigel and support its growth,” said Mr. Schorno. “I look forward to working with Rigel’s dynamic leadership team and diving right into the day- to-day operations to ensure the successful launch of TAVALISSE, while providing oversight regarding the ongoing study of fostamatin- ib for other rare diseases and the continued development of our oth- er proprietary molecules.” FrontStream, Inc., provider of Panora- ma™, the all-in-one fundraising platform, announced on the 30th May 2018 that the company has been acquired by Marlin Equity Partners (“Marlin”), a lead- ing global investment firm with over $6.7 billion of capital under management and a strong track record of growing companies over time. The investment fol- lows several FrontStream growth milestones and will enable the company to advance its platform and deliver additional services to its customer base worldwide. “Panorama is the first all-in-one SaaS fundraising platform to help non-profits and companies raise more money and provide a personalised experience for donors, members, volunteers, and employees alike,” said Bill Wood, FrontStream’s president and CEO. “With Marlin as our partner, we will have addition- al resources to execute our strategy and accelerate growth and innovation; ultimately making it easier and more gratifying for people to support the causes they care about.” FrontStream has realised tremendous growth and now has more than 10,000 non-profit Rigel Appoints Dean Schorno as Chief Financial Officer and corporate customers using Panorama for donor manage- ment, auctions, special events, peer-to-peer & online fundrais- ing, employee giving, volunteer- ing and matching gifts. Overall sector revenue from online fundraising grew by 23% in 2017 (Non-profits Source), contribut- ing to Panorama becoming the unparalleled choice for charities and companies alike. Front- Stream processes more than $4 billion annually and distributes donations to more than 80,000 charities worldwide each year. “We are thrilled to add Front- Stream to our exciting portfolio of growing technology busi- nesses and further advance the company’s vision of providing charities and companies with in- ventive solutions to raise money, engage employees, and make a positive contribution to their communities,” said Nick Lukens, a principal at Marlin. “With its new, next-generation Panorama platform, the company is ideally positioned to lead at a time when non-profits are exploring ways to creatively engage donors and optimise fundraising through on- line, social, and mobile channels. We look forward to supporting FrontStream during its next phase of growth.”