Image: Glenn Crocker (L) and Toby Reid (R)
BioCity Group has today announced that its founding CEO, Dr Glenn Crocker, MBE, will be stepping down at the end of the year and taking up the role of Chairman.
Dr Crocker has been CEO of BioCity since June 2003 and has taken it from a start-up to becoming the largest life science incubation business in the UK. During that time the company has expanded to operate at five locations- two sites in Nottingham, Glasgow, Aberdeen and Alderley Park. The company has invested in a select few of the companies based on its sites, deploying its own funds and investment from a joint venture with AstraZeneca. In 2014 Dr Crocker was awarded an MBE for services to the biotechnology industry.
The leadership of BioCity will be taken on by Toby Reid, who has been with BioCity for nearly 8 years, most recently as Managing Director. Meanwhile the current chairman, Dr John Brown, CBE, will remain on the Board as Senior Independent Director. Dr Crocker will also continue to head up BioCity’s investment activities.
Commenting on the change, Glenn Crocker said:
“I am immensely proud of what we have been able to achieve as a team at BioCity and have thoroughly enjoyed working with great people and companies. However, after more than 15 years, it is time to hand the baton on in an orderly way to my successor. Having worked closely with Toby for many years I know he is more than ready to take on this role and will no doubt take BioCity and the companies we work with to even greater success”.
The current Chairman of BioCity Group, Dr John Brown, CBE commented:
“It is rare to achieve such a smooth transition in the leadership team of a company, but this development means BioCity will continue to grow without missing a beat. I’m delighted to maintain my involvement in the business and look forward to supporting the company to seize the many opportunities that lay ahead”.
Toby Reid said: “I am very honoured and excited to assume the role of CEO at BioCity. We are very fortunate to have great people and great client companies at all of our sites that will significantly contribute to our continued success. It has been a great privilege to work with Glenn over the years and I’m delighted that he will be staying on as Chairman to give us all the benefit of his experience as we continue to develop the business.”