C4X Discovery Holdings plc announced that Eva-Lotta Allan will step down as Chair after five years of service with immediate effect. Clive Dix will simultaneously become interim Executive Chair and a search will commence to find a new Chief Executive Officer. Clive Dix, who has held a variety of leadership roles at C4XD over the past nine years, will be interim Executive Chair until a new CEO is appointed in order to ensure a smooth transition, after which point it is expected that he will assume a Non-Executive Board role.

Eva-Lotta became Chair in July 2018 and steps down now to focus on her portfolio of other Board director roles. The search will now be initiated to recruit a new CEO of C4XD, ideallywith strong leadership skills, an international network and IR experience in global public markets, and a track record of building a company with products that have entered clinical development.