Emisphere Technologies Inc. announced Tuesday its CEO and president is retiring.
The Roseland-based drug delivery company said Alan L. Rubino will be leaving the company, effective Oct. 15. Once he retires, Rubino will serve in an advisory role to ensure a smooth transition.
“On behalf of the entire board, I want to thank Alan for his countless contributions and leadership over the past seven years and his unwavering commitment to Emisphere’s partners, employees and shareholders. He has played an integral role in building Emisphere into a leading drug delivery company that is well equipped to advance the Company’s corporate objectives moving forward,” Rothwell said.
Once Rubino has left, Emisphere said Timothy G. Rothwell, chairman, and Michael Weiser, director, will comprise a board subcommittee to assume leadership of the company’s executive team until a successor is named.
“It has been a true honor to serve as the CEO of Emisphere over the past several years,” Rubino said. “I am extremely proud of the Emisphere team, the progress we’ve made, and our many accomplishments aimed at creating new oral formulations of therapeutic agents. I have great confidence in Emisphere’s potential and I will work with the entire team to ensure a seamless transition for all of our stakeholders.”