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CytRx appoints new CFO

Biopharmaceutical company CytRx has appointed Mitchell Fogelman as its CFO, replacing Matthew Natalizio.

Mr Fogelman has more than 30 years of financial and accounting experience and has previously worked with International Aluminum Corporation.

CytRx president and CEO Steven Kriegsman said: “Mitch is a highly accomplished senior financial executive with proven leadership and managerial skills in a public company environment. He brings a full breadth of financial operations expertise, as well as proven capabilities in developing and implementing strategic plans. His energetic, team-oriented, hands-on approach makes him an ideal fit with our corporate culture and I am delighted to welcome him to CytRx.”

Mr Fogelman said: “I am excited to join the highly dedicated team as preparations are underway to move forward with the clinical development of important new treatments for patients afflicted with devastating medical conditions.”