Rua Bioscience CEO Rob Mitchell to retire

PO Box 1387, Gisborne 4040, Aotearoa New Zealand | 0800 RUABIO | www.ruabio.com



FOR PUBLIC RELEASE
NZX Limited
Wellington

Wednesday, 20 July 2022


Rua Bioscience CEO Rob Mitchell to retire - Anna Stove appointed Managing Director

Rua Bioscience (NZX:RUA) Chief Executive Officer Rob Mitchell has advised the Board of his intention
to retire from his role effective from 1 September 2022.

Rua Chair Trevor Burt said that Rob Mitchell has built on the company’s solid foundations, leading Rua
through significant milestones and developing new strategic partnerships.

“Since his appointment in February 2020 Rob has been instrumental in building a world class team
and growing new strategic partnerships. Under Rob’s leadership Rua has gained the certifications and
licences needed to achieve New Zealand market entry and develop new market opportunities,” said
Burt.

“The Board would like to thank Rob for his leadership of Rua. Rob has continued to deliver on the
vision of Rua’s co-founders, keeping kaupapa and community at the heart of the business.”

Rob Mitchell said he is proud of what Rua has achieved, transforming Rua into a pharmaceutical
company with the tools needed to deliver on its global strategy and social mission.

“I’m proud of the milestones Rua has achieved in recent years, in particular the successful transition
from a co-founder led business to a NZX listed company, developing and launching Rua’s first product
and establishing New Zealand’s first compassionate access programme,” said Mitchell.

“It has been an honour to work for a company with an explicit mission to benefit its founding
community, the social mission of Rua attracted me to the company, and it was a privilege to continue
to deliver on the company’s kaupapa. I remain confident that the commercial success of Rua
Bioscience will enable the founding vision to be realised.

“The past two and a half years have been exciting and full on at Rua, retirement will be too, but with
the fish biting and my DIY project list shortening.”

While the Board looks to appoint a new Chief Executive Officer, Rua Director Anna Stove will lead the
business as Managing Director.

Anna joined Rua Bioscience’s Board in 2019 with a successful track record in leading and driving
transformational change within the pharmaceutical sector. She has held various senior executive roles
within New Zealand, the Asia Pacific and Europe, most recently as NZ General Manager for
GlaxoSmithKline. Anna is also the Deputy Chair of TAB NZ & an Independent Director of Pacific Edge
Ltd.

ADMINISTRATIVE ANNOUNCEMENT

PO Box 1387, Gisborne 4040, Aotearoa New Zealand | 0800 RUABIO | www.ruabio.com
“The Board would like to thank Anna for stepping into the role of Managing Director. Her expertise in
the pharmaceutical sector and deep knowledge of the company and the domestic and global
medicinal cannabis sector will enable Rua to maintain momentum,” said Trevor Burt.

ENDS

For shareholder enquiries please visit www.ruabio.com, or contact:

Kerry Donovan
Communications Manager, Rua Bioscience
media@ruabio.com
0800 RUABIO