Immuron Limited announced the appointment of Steven Lydeamore as Chief Executive Officer (CEO) of the Company effective 27 June 2022. Mr. Lydeamore has 30 years international pharmaceutical experience, working in Australia, Canada and USA. Mr. Lydeamore brings valuable international experience having spent eleven years working at Canadian global pharmaceutical company Apotex Inc., and four years for Mayne Pharma (USA) Limited.

This includes valuable experience in mergers and acquisitions, finance, business development, sales and marketing, manufacturing, and research and development. Mr. Lydeamore was most recently Chief Executive Officer (CEO) of Anatara Lifesciences Limited, during which time the company successfully transitioned from a preclinical to a clinical company following development of a gastrointestinal tract delivery technology from which two products have commenced human clinical trials. Upon Mr. Lydeamore's appointment Dr. Jerry Kanellos, who has been interim CEO for the last two years will resume the role of Chief Operating Officer.

The Board would like to thank Jerry for his efforts during a very difficult trading period. Pending Steven Lydeamore commencing his duties, Non-Executive Director Paul Brennan will take on a consultancy role within the Company with a particular focus on the anticipated upcoming Travelan® trials in the USA and the Company's interactions with the FDA.