Ardais has appointed Donald Hawthorne president and CEO. He replaces Gregory Phelps, who left Ardais “to pursue other opportunities,” according to Ardais.
Hawthorne, who will also obtain a seat on the company’s board, has been a “contract operating partner” to the health-care venture capital community since 1999. Formerly, he was a partner and CFO at Ampersand Ventures, a private equity firm. Hawthorne holds an MBA from the Stanford Graduate School of Business.