On April 29, 2016, Emmaus Life Sciences, Inc. appointed Steve Lee as the company's interim Chief Financial Officer, effective immediately. Upon commencement of his appointment, Mr. Lee assumed the duties of the company's principal financial officer and principal accounting officer. Mr. Lee succeeds Peter Ludlum, who has served as the Company's Chief Financial Officer since April 2, 2012.

Effective as of April 29, 2016, Mr. Ludlum will continue in the role of Co-President and assume a new role as Chief Business Officer to further serve the company on business matters, including investor relations and business development. Mr. Steve Lee, is currently the CEO & Managing Director of The Garret Group, having served in that position since 2006.