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Mural Oncology plc (NASDAQ: MURA), a pharmaceutical company specializing in the development of cancer treatments, announced the appointment of Dr. George Golumbeski to its Board of Directors.
The appointment, effective as of Monday, was confirmed by the company's Board upon the recommendation of its Nominating and Corporate Governance Committee.
Dr. Golumbeski, whose term will expire at the company's annual general meeting in 2025, joins the Board as an independent director, a determination made in accordance with Nasdaq Stock Market rules.
While Dr. Golumbeski has not yet been assigned to any Board committees, his extensive experience in the pharmaceutical industry is expected to bring valuable insights to Mural Oncology's strategic direction.
Under the company's non-employee director compensation program, Dr. Golumbeski received an option to purchase 15,334 ordinary shares at an exercise price of $3.38 per share, the closing price on the date of his appointment.
The stock options will vest over three years, contingent upon his continued service on the Board, and will fully vest in the event of a company takeover.
In addition to stock options, Dr. Golumbeski will receive an annual cash compensation of $40,000 and will be eligible for annual equity grants in line with the non-employee director compensation program.
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