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ImmunoGen Appoints President, COO

Biotechnology company said Thursday it promoted Daniel M. Junius to the new position of president and chief operating officer.

CAMBRIDGE, Mass. (AP) -- Biotechnology company ImmunoGen Inc. said Thursday it promoted Daniel M. Junius to the new position of president and chief operating officer.

Junius, 55, has been an executive vice president and the company's chief financial officer. The company said it is currently searching for a new finance chief and Junius will continue his responsibilities in that area until one is found.

Also, ImmunoGen promoted John M. Lambert to executive vice president of research and development, though he will also remain the company's chief scientific officer. Lambert, 56, previously held the position of senior vice president.

Shares or ImmunoGen closed at $4.74 Wednesday.