08:34 AM EDT, 07/15/2024 (MT Newswires) -- I-Mab ( IMAB ) said Monday that Wei Fu has been named chairman of the company's board of directors and Sean Xi-Yong Fu as interim chief executive officer.

Fu, CEO of healthcare asset management firm CBC Group, succeeds Pamela Klein, who is stepping down from the biotech company's board of directors and as interim chair, the company said.

Sean Fu succeeds Raj Kannan, who is leaving following a mutual agreement with the board, according to I-Mab ( IMAB ). Kannan will stay as advisor until July 31, the company added.