Cortendo AB (publ) announced changes to the company's board of directors proposed by the company's nomination committee. John H. Johnson has been nominated to serve as chairman and Richard Kollender to serve as a director. Both nominations are subject to approval by the Extraordinary General Meeting of Shareholders in Cortendo, scheduled to be held on March 17, 2015.

John H. Johnson has more than 30 years of biopharmaceutical industry experience, including multiple chief executive officer and executive management roles at leading global organizations, including Johnson & Johnson, Eli Lilly & Company, ImClone and Pfizer Inc. He also has extensive board experience in the biopharmaceutical industry and currently serves as a member of the board of directors of Cempra Pharmaceuticals Inc., Histogenics Corporation, Portola Pharmaceuticals Inc., and Sucampo Pharmaceuticals Inc. Richard Kollender, who is trained as a certified public accountant, has significant biopharmaceutical experience in executive management, venture capital and as a director on public and private company boards. Currently he is the chairman of Rapid Micro Biosystems and a director for Celator Pharmaceuticals and Tarsa Therapeutics. These nominations come as H. Joseph Reiser, Ph.D., who served as chairman of the board and previously as the company's president and chief executive officer from 2011 to 2014, and Ernest Eichenberg, who served as a director, are stepping down from the board.