Quotient Limited Announces CFO Transition

JERSEY, Channel Islands, Nov. 02, 2016 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ:QTNT), a commercial-stage diagnostics company, announced today that the company and Stephen Unger, Chief Financial Officer, have mutually agreed that he will leave Quotient to pursue other career opportunities. His last day will be November 2, 2016. The company intends to engage a leading executive recruiting firm to assist with its search for the next Chief Financial Officer.

Chairman and Chief Executive Officer, Paul Cowan, commented, "We greatly appreciate Steve's leadership and many contributions to Quotient as part of our senior management team. Steve played an integral role in our initial public offering and subsequent financings, and helped develop and implement our operational and financial strategy during a period of significant change. On behalf of everyone at Quotient, I wish Steve every success in the future. I am also confident that we will quickly find the best candidate to support our growth initiatives."

Quotient also announced today that Roland Boyd has accepted an appointment to serve as the Interim Chief Financial Officer of Quotient while the company conducts its search to fill the position on a permanent basis.

"As our Group Financial Controller and Treasurer, Roland has a thorough understanding of our business," added Mr. Cowan. "His willingness to accept the role of Interim Chief Financial Officer ensures a seamless transition of responsibilities."

About Quotient Limited

Quotient is a commercial-stage diagnostics company committed to reducing healthcare costs and improving patient care through the provision of innovative tests within established markets. With an initial focus on blood grouping and serological disease screening, Quotient is developing its proprietary MosaiQ TM technology platform to offer a breadth of tests that is unmatched by existing commercially available transfusion diagnostic instrument platforms. The Company's operations are based in Edinburgh, Scotland; Eysins, Switzerland and Newtown, Pennsylvania.