Biote Announces CEO Retirement and Succession Plan
January 30 2025 - 4:10PM
Business Wire
Terry Weber Retiring as CEO and Director and
Transitioning to Strategic Advisor to Company’s Board of
Directors
Health Care Veteran Bret Christensen to
Succeed Terry Weber as CEO and Director
biote Corp. (NASDAQ: BTMD) (“Biote” or the “Company”), a
leading solutions provider in preventive health care through the
delivery of personalized hormone optimization and therapeutic
wellness, today announced that Terry Weber is retiring as Chief
Executive Officer and stepping down from the Company’s Board of
Directors, effective as of February 1, 2025. She will be
transitioning to Strategic Advisor to the Company’s Board of
Directors. Concurrently, Mr. Bret Christensen has been named Chief
Executive Officer and Director, effective February 1, 2025.
"On behalf of the Board, I want to thank Terry for her many
contributions to Biote’s success over the past six years. Under
Terry’s leadership, Biote has grown to become one of the nation’s
leading educators in hormone optimization, with over 7,000
Biote-certified practitioners advancing patient health and
well-being throughout the country,” said Marc Beer, Executive
Chairman of the Board of Directors. “Terry’s passionate commitment
to women’s health has been invaluable in enabling Biote to redefine
the concept of healthy aging, and we believe her strategic vision
has positioned Biote for continued growth in the years ahead.”
Ms. Weber commented, “It has been my profound honor to grow
Biote over the past six years while building Biote’s best-in-class
practitioner network and advancing the cause of women’s health. I
am proud of Biote’s continued efforts to initiate essential
conversations that I believe will enhance health care industry
practices and policies long-term. I look forward to collaborating
with Bret and the Board as Biote further expands access to
transformative healthcare solutions.”
Mr. Christensen is a distinguished executive with over two
decades of leadership experience in women’s health and the broader
health care sector. Throughout his career, Mr. Christensen has
consistently worked to advance health care offerings into industry
standards, demonstrating an outstanding ability to launch
innovative solutions, penetrate markets and effectively scale
businesses.
“On behalf of the Board of Directors, I am delighted to welcome
Bret to Biote,” Mr. Beer said. “In his prior commercial and general
management leadership roles at Hologic (NASDAQ: HOLX), Myriad
Genetics (NASDAQ: MYGN) and Insulet (NASDAQ: PODD), Bret helped
revolutionize treatments in women’s health care, oncology and
diabetes, generating profitable growth and achieving significant
commercial success of numerous products. With his deep expertise
spanning the diagnostic, therapeutic and medical device health care
sectors, we believe Bret is exceptionally qualified to lead Biote’s
next level of growth and help drive value creation for Biote
stakeholders.”
Mr. Christensen said, “I am excited to join Biote at this
pivotal time as the Company continues to build on its success in
hormone optimization while capturing the complementary growth
opportunity in therapeutic wellness. With an unparalleled
technology, training and education platform, I believe Biote is
uniquely positioned to deliver impactful wellness services and
products to an expanding universe of practitioners and patients and
achieve accelerated growth.”
About Biote
Biote is transforming healthy aging through innovative,
personalized hormone optimization and therapeutic wellness
solutions delivered by Biote-certified medical providers. Biote
trains practitioners to identify and treat early indicators of
aging conditions, an underserved global market, providing
affordable symptom relief for patients and driving clinic success
for practitioners.
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Some of the forward-looking statements can be identified
by the use of forward-looking words. Statements that are not
historical in nature, including the words “may,” “can,” “should,”
“will,” “estimate,” “plan,” “project,” “forecast,” “intend,”
“expect,” “anticipate,” “hope,” “believe,” “seek,” “target,”
“continue,” “could,” “might,” “ongoing,” “potential,” “predict,”
“would” and other similar expressions, are intended to identify
forward-looking statements. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual results or developments to differ materially from
those expressed or implied by such forward-looking statements,
including but not limited to: the success of our dietary
supplements to attain significant market acceptance among clinics,
practitioners and their patients; our customers’ reliance on
certain third parties to support the manufacturing of bio-identical
hormones for prescribers; our and our customers’ sensitivity to
regulatory, economic, environmental and competitive conditions in
certain geographic regions; our ability to increase the use by
practitioners and clinics of the Biote Method at the rate that we
anticipate or at all; our ability to grow our business; the
significant competition we face in our industry; the impact of
strategic acquisitions and the implementation of our growth
strategies; our limited operating history; our ability to protect
our intellectual property; the heavy regulatory oversight in our
industry; changes in applicable laws or regulations; the inability
to profitably expand in existing markets and into new markets; the
possibility that we may be adversely impacted by other economic,
business and/or competitive factors, including the impact of
hurricane and other natural disasters; and future exchange and
interest rates. The foregoing list of factors is not exhaustive.
You should carefully consider the foregoing factors and other risks
and uncertainties described in the “Risk Factors” section of the
Biote’s Quarterly Report on Form 10-Q for the fiscal quarter ended
September 30, 2024, filed with the Securities and Exchange
Commission on November 12, 2024, and other documents filed by Biote
from time to time with the Securities and Exchange Commission.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and Biote assumes no obligation and does not intend to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise. Biote does
not give any assurance that it will achieve its expectations.
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Investor Relations:
Eric Prouty AdvisIRy Partners eric.prouty@advisiry.com
Media: biote@theblissgrp.com
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