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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