Joe Panetta, who has led the trade group Biocom California for 25 years, is slated to step down as president and CEO at the end of the year, according to the organization.
Tim ScottPanetta will be replaced by Tim Scott, the chair of Biocom’s board, who will stay in his position as the CEO of contract manufacturer AustinPx through the end of 2024. Sabrina Martucci Johnson, CEO of Daré Bioscience, will take over as board chair.
Biocom claims more than 1,800 members, and its work ranges from lobbying to helping companies secure capital. The group, based in San Diego, also has offices in Los Angeles, South San Francisco, Sacramento, Washington DC and Tokyo.
“Tim’s career, which spans roles on the service provider side and within developmental-stage biotechnology companies, gives him a nuanced perspective that will serve our members across all facets of the life science industry well,” Panetta said in a news release.
Biocom declined to make Panetta and Scott available for interviews.
This article was updated to clarify that Scott will remain as CEO of AustinPx until the end of this year.