The Board of Palla Pharma Limited announced that Mr. Jarrod Ritchie has tendered his resignation as Chief Executive Officer of the Company effective immediately. The Company will undertake an international search for a Managing Director and Chief Executive Officer to succeed Mr. Ritchie and in the interim, the Company’s Chief Financial Officer, Mr. Brendan Middleton, will take on the added responsibility of Interim Chief Executive Officer. Mr. Ritchie will remain as an advisor to the Company and assist with the transition process to the new Chief Executive Officer.