Innate Pharma Announces Leadership Change

• Current CEO Mondher Mahjoubi to leave Innate Pharma to pursue an opportunity at a large pharmaceutical company

• Current Chairman of the Supervisory Board, former CEO and company co-founder Hervé Brailly appointed interim CEO

• Irina Staatz-Granzer, current Vice-Chairwoman of Supervisory Board, appointed Chairwoman of the Supervisory Board

Innate Pharma SA (Euronext Paris: IPH; Nasdaq: IPHA) (“Innate” or the “Company”) today announced that Mondher Mahjoubi has resigned from his position as Chief Executive Officer (CEO) and Chairman of the Executive Board of the Company, effective as of January 2024, to pursue a senior level opportunity at a large pharmaceutical company. 

Hervé Brailly, Innate Pharma’s current Chairman of the Supervisory Board, former CEO and co-founder is appointed as interim CEO and Chairman of the Executive Board while a permanent successor is sought. The Company aims to strengthen the Executive Board in the new year.

Irina Staatz-Granzer, who has been Vice-Chairwoman of the Supervisory Board for several years is appointed Chairwoman of the Supervisory Board.

"Mondher has made a very positive impact during his tenure at Innate Pharma which included strengthening our pharmaceutical alliances with AstraZeneca and Sanofi, listing the Company in the US on NASDAQ, and the advancement of our robust clinical pipeline," said Hervé Brailly, Chairman of the Supervisory Board of Innate Pharma. "We are grateful for his contributions to the company and wish him well in his future role."

“It’s been an incredible journey with a significant business transformation that has translated our scientific excellence into an innovative pipeline,” said Mondher Mahjoubi. “I had the privilege to work with a talented and dedicated team and together we strived to bring new medicines to improve the lives of patients, which will continue to be a passion of mine going forward.”