MaxCyte Appoints Douglas Swirsky As Chief Financial Officer

MaxCyte, Inc., (NASDAQ:MXCT, LSE: MXCT))))), a leading, cell-engineering focused company providing enabling platform technologies to advance the discovery, development and commercialization of next-generation cell-based therapeutics and to support innovative, cell-based research, today announced Douglas J. Swirsky has been appointed as the Company's Chief Financial Officer, effective immediately. Mr. Swirsky is a seasoned financial leader with over two decades of experience in the healthcare sector, including as a public company executive at Nasdaq-listed organizations.
 

"We are excited to welcome Douglas to MaxCyte where he brings exceptional financial, strategic, and operational experience in the life science and biopharmaceutical sectors, including extensive experience as a public company CFO," said Doug Doerfler, President and CEO of MaxCyte. "His breadth of experience will play a pivotal role in MaxCyte's continued growth as an industry leading cell-engineering company. We look forward to leveraging his deep finance and industry knowledge as we execute on our strategic and financial goals."

Prior to joining MaxCyte, Mr. Swirsky served as Chief Financial Officer and Treasurer of AavantiBio, Inc. a gene therapy company, from February 2021 until its acquisition by Solid Biosciences, Inc. in December 2022, initially joining AavantiBio as its Interim President and a director in May 2020. Mr. Swirsky's experience also includes serving as President, Chief Executive Officer and a director of Rexahn Pharmaceuticals, Inc. (NASDAQ:REXN) from 2018 to 2020. Mr. Swirsky served as President, CEO and a director of GenVec, Inc. (NASDAQ:GNVC), a publicly traded biotechnology company, a position he held from 2013 through the sale of the company in 2017. He joined GenVec in 2006 as Chief Financial Officer.

Prior to GenVec, Mr. Swirsky was a Managing Director and the Head of Life Sciences Investment Banking at Stifel Nicolaus and previously held investment banking positions at Morgan Stanley, UBS, PaineWebber, and Legg Mason. Mr. Swirsky currently serves as the Chairman of the Board of Cellectar Biosciences, Inc. (NASDAQ:CLRB), a publicly traded clinical stage biopharmaceutical company.

Mr. Swirsky is a certified public accountant and a CFA® charterholder. He received his B.S. in Business Administration from Boston University and his M.B.A. from the Kellogg School of Management at Northwestern University.

"I am honored to join MaxCyte's strong leadership team during this exciting period of growth at the Company, and to support our mission to help drive the next generation of cell-based therapies," said Douglas Swirsky. "As CFO, I look forward to leading MaxCyte's financial operations to position the Company for continued success, and to helping create long term shareholder value."

Ron Holtz, who served as MaxCyte's CFO from 2005 until September 2020 and again since May 2022, having served as Chief Accounting Officer during the interim period, will take on the role of EVP, Administration for the Company.

"It has been an honor serving as part of the MaxCyte executive team for nearly eighteen years," said Ron Holtz. "I welcome Douglas to MaxCyte and look forward to supporting his success as MaxCyte's CFO. His exceptional background and experience will be invaluable to MaxCyte as we move forward through the next phases of growth."