Frank Zhang (AP Images)

Leg­end Biotech has a new chair­woman and per­ma­nent CEO. But where is Frank Zhang?

Frank Zhang isn’t go­ing back to Leg­end Biotech any time soon.

More than a month af­ter the Som­er­set, NJ-based com­pa­ny dis­closed that Zhang was placed un­der house ar­rest in Chi­na for a cus­toms in­ves­ti­ga­tion, it has in­stalled Ying Huang — its CFO and in­ter­im CEO since late Sep­tem­ber — as the per­ma­nent leader, while tap­ping board di­rec­tor Ye (Sal­ly) Wang as the chair­woman.

Zhang used to hold both of those ti­tles. In a state­ment, Leg­end said he re­mains on the board of di­rec­tors and of­fered his sup­port through a writ­ten proxy. There is no up­date on his sta­tus.

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