Aravive, Inc. announced the appointment of Rekha Hemrajani as president, chief executive officer and director of the company. Jay Shepard, who last year announced plans to step down as Aravive's CEO, will transition to the role of chairman of the board of directors . Prior to joining Aravive, Ms. Hemrajani served as chief operating officer and chief financial officer of Arcus Biosciences, Inc. where she led corporate strategy, finance, investor relations, corporate communications, business and corporate development, strategic planning, and human resources.

As part of this leadership transition, Shahzad Malik, M.D., has stepped down from the board of directors.