On 2 December 2020, InnovaDerma PLC announced that Joe Bayer will resign as a Director of the Company with effect from 31 January 2021. The Board has now agreed to dismiss Joe Bayer as an employee of the Company with immediate effect and, as such, he will cease to be a Director of the Company with immediate effect. The Board also announced that Ross Andrews, an existing Non-executive Director of the Company, has accepted the position of Non-executive Chairman of the Company and will assume this position with immediate effect.