Corporate Governance

Corporate Governance

Board of Directors
Daniel Barber
Chief Executive Officer, President and Director
Dan Barber was appointed Chief Executive Officer, President and as a member of our Board on May 17, 2022, after having served as our Chief Operating Officer since May 2019. Daniel Barber joined Aquestive in July 2007 and has been involved in many different facets of the business.  Prior to joining Aquestive, Mr. Barber held various positions with Quest Diagnostics in their corporate planning and international divisions.  Over the last fifteen years Mr. Barber has been instrumental in the growth of Aquestive Therapeutics.  In 2010, Mr. Barber had executive oversight of the company’s launch activities for Aquestive’s first two FDA approved products.  In 2013, Mr. Barber helped lead the company’s effort to develop an internal pipeline of proprietary assets.  Since that time, he has had executive responsibility for Aquestive’s pipeline and partnership activities.  Mr. Barber received his BA degree from State University of New York at Geneseo and an MBA from Seton Hall University.
Gregory B. Brown, M.D.

Gregory B. Brown, M.D. has served as a member of the Company’s board of directors since March 2007. Dr. Brown is currently the Chief Executive Officer and member of the Board of Directors of Memgen, LLC, a private clinical-stage biotechnology company. He is a co-founder of HealthCare Royalty Partners, or HCRx, and is a member of that firm’s Senior Advisor Board. Educated as a transplantation immunologist and trained as a thoracic and vascular surgeon, Dr. Brown practiced thoracic and vascular surgery in a community setting where he also founded and led a health maintenance organization. Before co-founding HCR Partners, Dr. Brown was a partner at Paul Capital Partners, where he co-managed that firm’s royalty investments as a member of the royalty management committee. Prior to beginning his principal investment career in 2003, Dr. Brown was co-head of investment banking and head of healthcare at Adams, Harkness & Hill (now Canaccord Genuity) and a ranked biotechnology research analyst at Vector Securities International. Dr. Brown holds a BA from Yale University, an M.D. from SUNY Upstate Medical Center and an MBA from Harvard University. Dr. Brown currently serves on the board of the following public pharmaceutical company: Lisata Therapeutics, Inc. (Nasdaq: LSTA) (formerly Caladrius Biosciences, Inc;. Nasdaq: CLBS).

Santo J. Costa
Chairman of the Board
Santo J. Costa has served as our Board Chairman since August 2018 and has served as a member of our Board of Directors since December 2015. Since 2007, Mr. Costa has served as Of Counsel to the law firm of Smith, Anderson, Blount, Dorsett, Mitchell and Jernigan, L.L.P. of Raleigh, North Carolina, specializing in corporate law for healthcare companies. Mr. Costa has served on the board of directors of Cytokinetics Inc. (Nasdaq: CYTK) since October 2010. From 1994 to 2001, he held various positions at Quintiles Transnational Corporation, including as Vice Chairman, President and Chief Operating Officer. Prior to joining Quintiles, Mr. Costa spent 23 years in the pharmaceutical industry, most recently as General Counsel and Senior Vice President, Administration with Glaxo Inc. Prior to joining Glaxo, he served as U.S. Area Counsel with Merrell Dow Pharmaceuticals and as Food & Drug Counsel with Norwich Eaton Pharmaceuticals, Inc. Mr. Costa served as chairman of the board of directors of Alchemia Limited, a private biopharmaceutical company, from March 2014 to June 2015 and on the board of directors of Metabolon, Inc., a private company, from April 2013 to May 2019. He also served on the board of directors of Magor Corporation, formerly Biovest Corp. I, from March 2010 until March 2013. He also served as chairman of the board of directors of LaboPharm, Inc. from March 2006 to November 2011 and a director of OSI Pharmaceuticals from June 2006 to June 2010, as well as serving as a director at other private companies. Mr. Costa earned both a B.S. in Pharmacy and a J.D. from St. John’s University. Our Board believes that Mr. Costa’s experience in the biotechnology industry, his broad experience advising global corporations and boards of directors of publicly held companies, and his experience serving as a director of public and private companies, qualifies him to serve on our Board of Directors.
Chairman of the Board
John Cochran
John Cochran has served as a member of our Board of Directors since January 2004. Mr. Cochran has been a partner at Bratton Capital Management L.P. since October 1998 and is responsible for its private equity investments. Mr. Cochran is also a partner and Chief Operating Officer of Crestline Investors, an institutional alternative investment management firm. Prior to joining Bratton Capital Management L.P., Mr. Cochran spent 10 years with KPMG focused primarily on audit and merger and acquisition due diligence. Mr. Cochran received his B.A. in Accounting from Texas Christian University and is also a licensed certified public accountant. Our Board believes that Mr. Cochran’s private equity investment and company oversight experience, along with his strong finance and management background, qualifies him to serve on our Board of Directors.
Abigail L. Jenkins

Abigail "Abbey" L. Jenkins joined the Board of Directors in April 2024. Currently serving as President & Chief Executive Officer and member of the board of directors of Gamida Cell, Ltd. (NASDAQ: GMDA), a pioneer in cell therapies, since September 2022, Ms. Jenkins brings more than 20 years of leadership experience in large and small biotech and pharmaceutical companies, with a focus on commercial launch and corporate strategy roles. Prior to joining Gamida Cell, Ms. Jenkins served as the chief commercial and business officer at Lyndra Therapeutics, Inc., a clinical-stage biopharmaceutical company, where she established and led global commercial, business development, corporate strategy, and portfolio management across multiple therapeutic areas. Prior to Lyndra Therapeutics, Ms. Jenkins served as senior vice president and business unit head of vaccines at Emergent BioSolutions, Inc. (NYSE: EBS) where she oversaw the company's largest therapeutic division from discovery through commercialization. Ms. Jenkins also served as chief commercial officer and U.S. business head at Aquinox Pharmaceuticals, Inc. (NASDAQ: AQXP). Additionally, Ms. Jenkins has held senior commercial and business development positions at Relypsa, Inc. (NASDAQ: RLYP), Actavis (now Teva Pharmaceuticals Ltd.) (NSDAQ: TEVA), Pfizer (NSDAQ: PFE) and Medimmune, LLC (now AstraZeneca) (NASDAQ:AZN). Ms. Jenkins holds a Master of Science in biotechnology and biotech business enterprise from The Johns Hopkins University, a Bachelor of Arts in psychology and biology from Indiana University, and a certificate of achievement in General Management as a Kellogg Executive Scholar. Ms. Jenkins was recognized in 2022 as one of the PharmaVoice 100, one of the industry’s 100 Most Inspiring Leaders, Disrupter Category, for change agents who define excellence in leadership in biopharma. Our Board believes that Ms. Jenkins’ extensive experience in the commercialization of pharmaceutical products, her business development and corporate strategy expertise and her experience in senior leadership roles across several biopharmaceutical companies qualifies her to serve on our Board of Directors.

Julie Krop, M.D.

Julie Krop, M.D. currently serves as the Chief Medical Officer of PureTech Health (NASDAQ: PRTC). Prior to assuming her position with PureTech Health, Dr. Krop was the Chief Medical Officer at Freeline Therapeutics (NASDAQ: FRLN) from April 2020 to August 2021. Dr. Krop was also the Chief Medical Officer and Executive Vice President, Development, with AMAG Pharmaceuticals (NASDAQ: AMAG) from 2015 to 2021. From 2012 to 2015, Dr. Krop served as the Vice President, Clinical Development for Vertex Pharmaceuticals (NASDAQ: VRTX). In addition, Dr. Krop was Vice President, Clinical Development and Regulatory Affairs for Stryker Biotech (NYSE: SYK) from 2006 to 2012. Dr. Krop received a B.A. from Brown University and her M.D. from Brown University School of Medicine. She completed her fellowship in the Department of Endocrinology at the Johns Hopkins University School of Medicine, where she was also a Robert Wood Johnson Foundation Clinical Scholar. Our Board believes that Dr. Krop’s extensive experience successfully designing and executing clinical development programs from early-stage development through FDA approval, and senior leadership roles across clinical development, regulatory affairs, clinical operations, pharmacovigilance, medical affairs and program management during her career in the pharmaceutical and biotechnology industry, as well as her medical background, qualifies her to serve on our Board of Directors.

Timothy Morris

Tim Morris presently serves as the Chief Financial Officer of Opthea Limited (NASDAQ: OPT, ASX: OPT). Previously he served as Chief Operating Officer and Chief Financial Officer of Humanigen, Inc. from 2020 to 2022 and as the Chief Financial Officer of Iovance Biotherapeutics, Inc. from 2017 to 2020. Mr. Morris has extensive Board experience, currently serving as a board member of DBV Technologies (NASDAQ: DBVT, Euronext: DBV.PA), where he serves as chairman of the audit committee and a member of the pricing committee, Univercells S.A., where he is chairman of the audit committee and a member of the strategic committee, Humanetics Corporation, where he serves as the chair of the audit committee and a member of the compensation committee. Mr. Morris earned a BS in Business, with an emphasis in accounting, from California State University and is a Certified Public Accountant (inactive).

Marco Taglietti, M.D.

Marco Taglietti, M.D. served as Director, as well as President and Chief Executive Officer of Scynexis Inc. until his retirement at the end of 2022. (NASDAQ: SCYX). Prior to joining Scynexis, Dr. Taglietti held various executive positions with Forest Laboratories (now Abbvie (NYSE: ABBV) from 2007 until 2014, including President, Forest Research Institute, Chief Medical Officer and Executive Corporate Vice President, Research & Development. Dr. Taglietti was also the Senior Vice President, Head of Global Research and Development for Stiefel Laboratories, Inc. (now a GlaxoSmithKline company) from 2004 until 2007 and served in a number of executive positions from 1992 to 2004 with Schering-Plough Research Institute, including Vice President, Clinical Research Anti-Infectives, CNS, Dermatology and Endocrinology. From 1987 until 1992, Dr. Taglietti served in a number of executive positions with Marion Merrel Dow Research Institute, including as the European Product Team Leader – Anti-Infectives. Dr. Taglietti previously served on the boards of directors of Delcath (NASDAQ: DCTH) from 2014 to 2021 and NephroGenex (NASDAQ: NRX) from 2014 to 2017. Dr. Taglietti also served as a director of Stiefel International, Ltd., a private company, from 2004 to 2007 and a director of TransCelerate BioPharma, a non-profit pharma coalition dedicated to streamlining and accelerating the research and development of innovative new therapies, from 2013 to 2014. Since 2011, Dr. Taglietti has served on the board of directors of BioNJ, a life sciences trade association in New Jersey. In addition, Dr. Taglietti served on the board of directors of HINJ, Health Institute of New Jersey, a trade association for the leading research-based biopharmaceutical and medical technology companies in New Jersey, from 2011 to 2014, and is currently on the boards of directors of Orchestra of St. Luke, a New York City based orchestra, and American Foundation for Suicide Prevention, the largest non-profit organization dedicated to saving lives and bringing hope to those affected by suicide. Dr. Taglietti received his Degree in Medicine from the University of Pavia, Italy. Our Board believes that Dr. Taglietti’s extensive senior experience in the pharmaceutical and biotechnology industry, experience on the boards of both public and private companies, as well as his medical background, qualifies him to serve on our Board of Directors.

Corporate Governance Overview

The Board of Directors of Aquestive Therapeutics, Inc. (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations.

Governance Committees Composition

Nominating and Corporate Governance Committee Compensation Committee Audit Committee Science and Technology Committee **
Gregory B. Brown, M.D. Nominating and Corporate Governance Committee Compensation Committee Audit Committee Science and Technology Committee **
John Cochran Nominating and Corporate Governance Committee Compensation Committee
Santo J. Costa Compensation Committee
Julie Krop, M.D. Nominating and Corporate Governance Committee Compensation Committee Science and Technology Committee **
Timothy Morris Audit Committee
Marco Taglietti, M.D. Audit Committee Science and Technology Committee **
Number of Meetings Held in 2022 4 7 6  
= Chairperson = Member

* Mr. Morris was appointed to the Board in August 2022, and was made Chair of the Audit Committee in February 2023

** The Science and Technology Committee was formed in February 2023 and its first meeting convened in April 2023.

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