Willow Biosciences Inc. announced that the company is reducing the size of its board of directors (the "Board") from nine to five members. Chairman of the Board and Founder of the Company, Mr. Trevor Peters, and Directors Ms. Barbara Munroe, Dr. Fotis Kalantzis and Dr. Peter Seufer-Wasserthal stepped down from the Board effective from August 24, 2023. The Board now consists of Dr. Chris Savile, Willow's President & CEO, Mr. Al Foreman, Mr. Raffi Asadorian, Mr. Don Archibald and Dr. Jim Lalonde.

Dr. Jim Lalonde succeeds Mr. Peters as Chairman of the Board.