Neuronetics, Inc. announced significant executive leadership changes, appointing Nir Naor as its new Executive Vice President, Chief Financial Officer, and Treasurer, effective on or about July 23, 2026. This appointment coincides with the departure of W. Andrew Macan, Executive Vice President and Chief Legal Officer, whose separation is effective August 15, 2026.
Key Details
- New CFO Appointment: Nir Naor will receive an annual base salary of $480,000, a target bonus of 50% of salary, and an inducement grant of 500,000 Restricted Stock Units (RSUs).
- CLO Separation Agreement: W. Andrew Macan's departure includes a separation payment of $475,087.50, a retention bonus of $231,750, and the accelerated vesting of 164,361 RSUs.
- Reason for Departure: The company stated that Mr. Macan's decision to leave is not the result of any dispute or disagreement on any matter relating to the company's operations, policies, or practices.