ADVANCED Ocular Systems Ltd has announced major board changes ahead of a planned restructuring. Managing director Dr Simon Carroll has resigned after 10 months in the role, while non-executive director Finian MacCana, who was a foundation director of the company in 2004, has also resigned. The loss-making company announced that its former chief financial officer, Evan Cross, would join the board as a non-executive director. Advanced Ocular, which floated in 2004 as Regenera Ltd, has battled to make commercial headway with its portfolio of medical devices and pharmaceutical products. Company founder Tony Fitzgerald departed last October, and has been succeeded by professional director Eva Skira. Advanced Ocular’s stock has been suspended since March, while the company pursues two major initiatives.
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