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By Ben Glickman
Absci named Zach Jonasson chief financial officer and chief business officer, effective Aug. 31.
The Vancouver, Wash.-based generative AI drug creation company said Monday that CFO Greg Schiffman would retire after serving in the role since 2020.
Jonasson, 51, is the co-founder and managing general partner of two venture capital firms, Phoenix Venture Partners and Convergent Ventures, and has served on the board of Absci since 2016. He was chairman of the company from April 2016 to January 2021.
Absci said Jonasson would step down from the board and his roles at Phoenix and Convergent as he steps in as CFO and CBO. He also previously served as chief executive of Comera Life Sciences.
Absci said in a regulatory filing that Jonasson would receive an annual base salary of $520,000 and a one-time payment of $25,000. He will also be eligible for an annual target bonus of 50% of his salary.
Write to Ben Glickman at [email protected]
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