Sucampo Pharmaceuticals, Inc. Announces CFO Transition in 2008; Elects New Independent Director

BETHESDA, Md.--(BUSINESS WIRE)--Sucampo Pharmaceuticals, Inc. (NASDAQ: SCMP) today announced that its Board of Directors has appointed Chief Accounting Officer and Treasurer Mariam E. Morris to the position of Chief Financial Officer, effective January 2, 2008. Ronald W. Kaiser, the Company’s current CFO, will shift to an advisory role with Sucampo Pharmaceuticals following the transition. “Mariam played an instrumental role in building a strong foundation for our initial public offering in August, handling both the day-to-day groundwork and working with the management team to guide the strategic direction of the Company. Her appointment as CFO is well earned,” said Ryuji Ueno, M.D., Ph.D., Ph.D., founder, chairman and chief executive officer of Sucampo Pharmaceuticals. “I also wish to extend my appreciation to Ron for his contributions during the past 10 months and for his assistance with the transition following the handoff in January.”

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