T2 Biosystems: John Sperzel, Robin Toft, Michael Gibbs, More
John Sperzel, Robin Toft, John Cumming, David Elsbree, Seymour Liebman, and Laura Adams have resigned from the board of directors of T2 Biosystems, following the firm's recent demise. Michael Gibbs, Sperzel, and John Sprague also resigned from their executive positions with the company and terminated their consulting agreements with the firm. Sperzel previously served as CEO and president of T2 Biosystems, while Gibbs served as senior VP, general counsel, and corporate secretary. Sprague was the company's CFO and corporate treasurer.
T2 has appointed Craig Jalbert as CEO, president, corporate treasurer, corporate secretary, and as a class I director. He will also serve as the company's principal executive officer, principal financial officer, and principal accounting officer. Jalbert is a principal of Massachusetts-based accounting firm Verdolino and Lowey and focuses on distressed businesses, serving as officer and director for companies in their wind-down phases.