Alvotech Appoints Linda Jónsdóttir as Chief Financial Officer
Alvotech (NASDAQ: ALVO), a global biotech company focused on biosimilar medicines, has appointed Linda Jónsdóttir as its new Chief Financial Officer. Linda brings extensive experience from various industries, including a 15-year tenure at Marel where she served in multiple senior roles including CFO and COO. She succeeds Joel Morales, who has served as CFO since 2020 and will transition to an advisory role.
The leadership change comes as Alvotech continues its evolution from a privately held, R&D-focused company to a public, profitable, and fully integrated global commercial biosimilars enterprise. Joel will support the transition period and assist in preparing the company's Q2 results presentation in August.
Alvotech (NASDAQ: ALVO), un'azienda biotecnologica globale specializzata in farmaci biosimilari, ha nominato Linda Jónsdóttir come nuova Chief Financial Officer. Linda porta con sé una vasta esperienza in diversi settori, inclusi 15 anni trascorsi in Marel, dove ha ricoperto vari ruoli dirigenziali tra cui CFO e COO. Succede a Joel Morales, che è stato CFO dal 2020 e passerà a un ruolo di consulenza.
Il cambio di leadership avviene mentre Alvotech continua la sua trasformazione da azienda privata focalizzata sulla ricerca e sviluppo a impresa pubblica, redditizia e completamente integrata nel commercio globale di biosimilari. Joel supporterà il periodo di transizione e aiuterà nella preparazione della presentazione dei risultati del secondo trimestre prevista per agosto.
Alvotech (NASDAQ: ALVO), una compañía biotecnológica global enfocada en medicamentos biosimilares, ha nombrado a Linda Jónsdóttir como su nueva Directora Financiera. Linda aporta una amplia experiencia de diversas industrias, incluyendo 15 años en Marel donde desempeñó varios cargos senior, entre ellos CFO y COO. Sustituye a Joel Morales, quien ha sido CFO desde 2020 y pasará a un rol asesor.
El cambio en el liderazgo se produce mientras Alvotech continúa su evolución de una empresa privada centrada en I+D a una compañía pública, rentable y totalmente integrada en la comercialización global de biosimilares. Joel apoyará el periodo de transición y colaborará en la preparación de la presentación de resultados del segundo trimestre en agosto.
Alvotech (NASDAQ: ALVO)� 바이오시밀� 의약품에 주력하는 글로벌 바이오텍 기업으로, Linda Jónsdóttir� 새로� 최고재무책임�(CFO)� 임명했습니다. Linda� Marel에서 15년간 CFO와 COO� 포함� 다양� 고위직을 역임하며 다방면에� 풍부� 경험� 쌓았습니�. 그녀� 2020년부� CFO� 재직해온 Joel Morales� 뒤를 잇게 되며, Joel은 자문 역할� 전환� 예정입니�.
이번 리더� 변화는 Alvotech가 비상� 연구개발 중심 기업에서 상장� 수익� 있는 글로벌 바이오시밀� 상업� 기업으로 발전하는 과정에서 이루어졌습니�. Joel은 전환 기간 동안 지원하� 8� 예정� 2분기 실적 발표 준비를 도울 것입니다.
Alvotech (NASDAQ : ALVO), une entreprise biotechnologique mondiale spécialisée dans les médicaments biosimilaires, a nommé Linda Jónsdóttir nouvelle Directrice Financière. Linda apporte une vaste expérience dans divers secteurs, notamment une carrière de 15 ans chez Marel où elle a occupé plusieurs postes de direction, dont CFO et COO. Elle succède à Joel Morales, qui était CFO depuis 2020 et qui passera à un rôle de conseiller.
Ce changement de direction intervient alors qu'Alvotech poursuit sa transformation, passant d'une entreprise privée axée sur la R&D à une société publique, rentable et entièrement intégrée dans la commercialisation mondiale des biosimilaires. Joel accompagnera la période de transition et aidera à préparer la présentation des résultats du deuxième trimestre en août.
Alvotech (NASDAQ: ALVO), ein globales Biotechnologieunternehmen mit Fokus auf Biosimilars, hat Linda Jónsdóttir als neue Chief Financial Officer ernannt. Linda bringt umfangreiche Erfahrungen aus verschiedenen Branchen mit, darunter eine 15-jährige Tätigkeit bei Marel, wo sie mehrere leitende Positionen, darunter CFO und COO, innehatte. Sie folgt auf Joel Morales, der seit 2020 CFO war und in eine beratende Funktion wechselt.
Der Führungswechsel erfolgt, während Alvotech sich von einem privat geführten, forschungsorientierten Unternehmen zu einem börsennotierten, profitablen und vollständig integrierten globalen Handelsunternehmen für Biosimilars entwickelt. Joel wird die Übergangsphase unterstützen und bei der Vorbereitung der Präsentation der Quartalsergebnisse für Q2 im August helfen.
- Appointment of experienced executive Linda Jónsdóttir with strong background in finance and corporate leadership
- Company has successfully transformed from private R&D focus to profitable public commercial entity
- Outgoing CFO will remain involved to ensure smooth transition and Q2 results preparation
- Loss of continuity with departure of CFO Joel Morales who led company through public transition
- Potential adaptation period required as new CFO transitions from food technology to biosimilars industry
REYKJAVIK, Iceland, July 10, 2025 (GLOBE NEWSWIRE) -- Alvotech (NASDAQ: ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced the appointment of Linda Jónsdóttir as Chief Financial Officer (CFO). Linda is a highly experienced international executive with a strong background in finance and corporate leadership. She has held senior roles across a range of industries, including banking, food technology, transportation, and healthcare. Linda will be based in Iceland. Joel Morales, who has served as CFO of Alvotech since 2020, based in the U.S., has decided to step down to spend more time in the U.S. and prioritize time with his family. He will continue supporting Alvotech in an advisory capacity, to ensure a smooth transition.
Linda held senior roles for 15 years at Marel, a global leader in food processing technology, including Director of Treasury and Investor Relations, Chief Financial Officer and Chief Operating Officer, until stepping down in 2024. She has also served on various boards, including in banking, private equity funds, and at the Icelandic Chamber of Commerce.
“We are delighted to welcome Linda to the Alvotech executive team. She brings a wealth of experience to this position, with a strong record of senior leadership and financial expertise. I am confident that she will hit the ground running, supporting our continued growth and evolution,� said Robert Wessman. “I would also like to thank Joel for his valuable contribution. During his tenure we experienced an amazing transformation, as Alvotech transitioned from being privately held and R&D focused, to a public, profitable and fully integrated global commercial biosimilars company that is poised to become a leader in the industry.�
“It’s a great pleasure to join Alvotech, which is a unique company domestically as well as an emerging leader in its field internationally. It’s been thrilling to watch Alvotech’s rapid growth, and its prospects are equally exciting. I look forward to working with an exceptional team, building on this strong foundation and history of achievement,� said Linda Jónsdóttir.
“It has been an honor to be a part of the Alvotech team. I would like to thank all of my colleagues and Robert especially for a wonderful journey. We have accomplished much together, and I’m confident that Alvotech is well positioned for future growth and success. I look forward to supporting the team in the weeks ahead to ensure a smooth transition and prepare for presenting our Q2 results in August. I will of course remain a proud shareholder in Alvotech,� said Joel Morales.
About Alvotech
Alvotech is a biotech company, founded by Robert Wessman, focused solely on the development and manufacture of biosimilar medicines for patients worldwide. Alvotech seeks to be a global leader in the biosimilar space by delivering high quality, cost-effective products, and services, enabled by a fully integrated approach and broad in-house capabilities. Two biosimilars, to Humira® (adalimumab) and Stelara® (ustekinumab) are already approved and marketed in multiple global markets. The current development pipeline includes nine disclosed biosimilar candidates aimed at treating autoimmune disorders, eye disorders, osteoporosis, respiratory disease, and cancer. Alvotech has formed a network of strategic commercial partnerships to provide global reach and leverage local expertise in markets that include the United States, Europe, Japan, China, and other Asian countries and large parts of South America, Africa and the Middle East. Alvotech’s commercial partners include Teva Pharmaceuticals, a US affiliate of Teva Pharmaceutical Industries Ltd. (US), STADA Arzneimittel AG (EU), Fuji Pharma Co., Ltd (Japan), Advanz Pharma (EEA, UK, Switzerland, Canada, Australia and New Zealand), Dr. Reddy’s (EEA, UK and US), Biogaran (FR), Cipla/Cipla Gulf/Cipla Med Pro (Australia, New Zealand, South Africa/Africa), JAMP Pharma Corporation (Canada), Yangtze River Pharmaceutical (Group) Co., Ltd. (China), DKSH (Taiwan, Hong Kong, Cambodia, Malaysia, Singapore, Indonesia, India, Bangladesh and Pakistan), YAS Holding LLC (Middle East and North Africa), Abdi Ibrahim (Turkey), Kamada Ltd. (Israel), Mega Labs, Stein, Libbs, Tuteur and Saval (Latin America) and Lotus Pharmaceuticals Co., Ltd. (Thailand, Vietnam, Philippines, and South Korea). Each commercial partnership covers a unique set of product(s) and territories. Except as specifically set forth therein, Alvotech disclaims responsibility for the content of periodic filings, disclosures and other reports made available by its partners. For more information, please visit . None of the information on the Alvotech website shall be deemed part of this press release.
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