Valeritas, Inc. announced changes to its executive team. John Timberlake has been named the company's new Interim Chief Executive Officer. Former CEO Kris Peterson is leaving Valeritas to pursue other opportunities and will continue to consult with the company.

Valeritas also announced changes in its Board of Directors. Luke Duster, Managing Director of CRG, will join the board along with Nate Hukill, President of CRG, Cameron Hui, Associate of CRG, and John Timberlake. John is a pharmaceutical industry veteran with 25 years of pharmaceutical and medical device experience, and 16 of those years in metabolism and diabetes.

He joined Valeritas in 2006 and served in executive positions including most recently as President and Chief Commercial Officer.