– USA, WA – Omeros Corporation (NASDAQ: OMER), today announced the appointment of Kurt Zumwalt, former global treasurer of Amazon.com, Inc., to its Board of Directors. Mr. Zumwalt who will also serve in a consulting role brings significant expertise in developing comprehensive business relationships with major banks and financial institutions.
“We are excited to welcome Kurt to Omeros,” stated Dr Gregory Demopulos, chairman and CEO of Omeros. “In his 15 years at Amazon, Kurt helped build one of the most successful companies in history and a world-class treasury organization. His reputation and network of contacts throughout the financial world are stellar, and I know that he will play an important role in Omeros’ ongoing growth as we prepare to commercialize the first of multiple products in our pipeline behind OMIDRIA. I look forward to working closely with Kurt to continue expanding our strategic financial relationships and capitalizing on growing business opportunities.”
About Kurt Zumwalt
A 15-year veteran of Amazon, Mr. Zumwalt was responsible for managing the company’s cash, investments and debt financings, in addition to other finance-related duties. During his tenure, he led his team in raising short- and long-term financings in excess of $40 billion for Amazon. Mr. Zumwalt built and scaled Amazon’s treasury and financing capability as the company’s revenue grew from $8 billion to over $250 billion on an annualized basis. Mr. Zumwalt managed Amazon’s relationships with more than 45 banks globally. He left Amazon in August 2019.
“Literally down the street from Amazon is Omeros – I have followed the company for years and recognize what the Omeros team is building,” said Mr. Zumwalt. “I am impressed by the company’s cutting-edge science, remarkable pipeline and strong leadership. I know Greg well, understand his vision for Omeros and am confident that I can contribute significantly. It’s exciting to join a company focused on improving patients’ lives, and I am eager to help further the continued success of Omeros.”
Prior to joining Amazon in 2004, Mr. Zumwalt was Assistant Treasurer at PACCAR, Treasurer at ProBusiness Services until its acquisition by ADP in 2003, and has also held various financial roles at Wind River Systems, Intel Corporation and Bank of America.
An avid tennis player, Mr. Zumwalt is on the board of directors of both the United States Tennis Association and the USTA Foundation. He played an instrumental role in securing $750 million of financing for the USTA from 2014 to 2018 to complete the funding for the organization’s strategic transformation. He earned his B.A. degree in economics and political science from the University of Pennsylvania and his M.B.A. in finance and accounting from the University of Washington.
About Omeros Corporation
Omeros is an innovative biopharmaceutical company committed to discovering, developing and commercializing small-molecule and protein therapeutics for large-market as well as orphan indications targeting complement-mediated diseases, disorders of the central nervous system and immune-related diseases, including cancers. In addition to its commercial product OMIDRIA 1%/0.3%, Omeros has multiple Phase 3 and Phase 2 clinical-stage development programs focused on complement-mediated disorders and substance abuse, as well as a diverse group of preclinical programs including GPR174, a novel target in immuno-oncology that modulates a new cancer immunity axis recently discovered by Omeros. Small-molecule inhibitors of GPR174 are part of Omeros’ proprietary G protein-coupled receptor platform through which it controls 54 new GPCR drug targets and their corresponding compounds. The company also exclusively possesses a novel antibody-generating platform.
For more information: https://www.omeros.com
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