Rafael Holdings CEO Conkling Steps Down; Replaced by Former CEO Jonas

Dow Jones
04/25
 

By Roshan Fernandez

 

Rafael Holdings said Chief Executive Bill Conkling will be stepping down from his role following the clinical and early-stage pharmaceutical company's merger with Cyclo Therapeutics.

Conkling's departure is effective May 31. Rafael's executive chairman and former CEO, Howard Jonas, will assume the role of CEO at the Newark, N.J.-based company, effective June 1.

Conkling, who has been CEO since 2022, helped identify opportunities with the potential to transform Rafael into a late-stage clinical biotechnology company. Rafael completed its merger with Cyclo on March 26.

Jonas, 68 years old, has served as chairman of the board since 2017. He was also previously CEO from March 2018 through April 2021.

 

Write to Roshan Fernandez at roshan.fernandez@wsj.com

 

(END) Dow Jones Newswires

April 24, 2025 17:33 ET (21:33 GMT)

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