Moleculin Biotech, Inc. announced the appointment of Jonathan P. Foster as Executive Vice President and Chief Financial Officer. Effective August 22, 2016, Mr. Foster will assume the duties of Moleculin's CFO, Louis Ploth, Jr., who came out of retirement in 2015 to guide the new company through its Initial Public Offering. Mr. Ploth will assist the company with the transition, acting as an independent advisor.

Mr. Foster joins Moleculin from InfuSystem Holdings, Inc., where he served as Executive Vice President and Chief Financial Officer, since 2012. He brings more than 30 years in financial experience holding a variety of executive and senior financial positions with public, private, start-up to large corporate and international companies. Prior to InfuSystem, Mr. Foster served as a consultant to the Chief Financial Officer of LSG Sky Chefs, USA, Inc.