Sagimet Biosciences announced the appointments of Tim Walbert and Paul Hoelscher to the board of directors of the Company, effective April 1, 2024. Walbert has nearly 30 years of biotechnology and industry experience. He joins Sagimet’s board following a 15-year tenure as president, CEO, and chairman of the board at Horizon Therapeutics. Hoelscher served as executive vice president and CFO of Horizon Therapeutics from 2014 to 2022, prior to the company’s acquisition by Amgen. Sagimet also announced that Jinzi Wu, Ph.D. and Rick Rodgers notified the Board that they will not stand for re-election at the upcoming 2024 annual meeting of stockholders.
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