Nyxoah appoints new CFO

Rhea-AI Summary

Nyxoah Announces New CFO Appointment

Mont-Saint-Guibert, Belgium – November 8, 2021 - Nyxoah (NYSE: NYXH) appointed Loïc Moreau as its new CFO, effective January 1, 2022. Moreau joins from GSK, where he held significant finance roles. He replaces Fabian Suarez, who is leaving to become CEO of a MedTech startup. CEO Olivier Taelman expressed gratitude for Suarez's contributions, particularly during the company's IPOs on Euronext and Nasdaq. Nyxoah specializes in innovative treatments for Obstructive Sleep Apnea, and its Genio® system has achieved CE Mark approval.

Positive

• Loïc Moreau brings extensive finance experience from GSK, EY, and PwC, potentially strengthening Nyxoah's financial strategy.
• Fabian Suarez successfully led the financial department during significant milestones, including two IPOs on Euronext and Nasdaq.

Negative

• Transition challenges may arise with a new CFO, possibly affecting short-term financial strategies.
• Loss of a key management figure in Fabian Suarez, who had seven years of experience with Nyxoah.

Nyxoah appoints new CFO

Mont-Saint-Guibert, Belgium – November 8, 2021, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH)(“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that Loïc Moreau will join Nyxoah as CFO as of January 1, 2022. 

Loïc will join Nyxoah from GSK, where he held leadership roles in Finance across various geographies. Prior to GSK, Loïc built his career at EY and PwC. Loïc holds an executive master in Finance. He will replace current CFO, Fabian Suarez, who will leave Nyxoah at the end of 2021 to pursue a new opportunity as CEO of a startup MedTech company. 

Olivier Taelman, CEO, commented: “We are very grateful to Fabian for his hard work, dedication and leadership over the last seven years. During his time at Nyxoah, Fabian led the Finance department and served as a valued and trusted member of the management team. He was instrumental in securing the successful Euronext Brussels and Nasdaq IPOs during the last year, and we wish him all the best in his new endeavor. We look forward to a smooth transition.”

Fabian Suarez added: “After seven years at Nyxoah, which I profoundly enjoyed, it is time for the next step in my career development.  I am proud to have been part of Nyxoah and its exciting journey, and I look forward to Nyxoah’s many future successes.”

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest. 

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE-Mark indication approval to treat Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contacts:

Nyxoah
Jeremy Feffer, VP IR and Corporate Communications
jeremy.feffer@nyxoah.com
+1 917 749 1494

Gilmartin Group 
Vivian Cervantes
IR@nyxoah.com

Attachment

• ENGLISH - 20211108 - PR new CFO (FINAL)

FAQ

Who is the new CFO of Nyxoah?

Loïc Moreau has been appointed as the new CFO of Nyxoah, effective January 1, 2022.

Why did Fabian Suarez leave Nyxoah?

Fabian Suarez is leaving Nyxoah to become the CEO of a MedTech startup.

What experience does Loïc Moreau bring to Nyxoah?

Loïc Moreau has extensive finance experience, having held leadership roles at GSK, EY, and PwC.

What are Nyxoah's main products?

Nyxoah focuses on innovative solutions for Obstructive Sleep Apnea, with its lead product being the Genio® system.

How has Nyxoah performed financially in recent years?

Nyxoah successfully completed IPOs on Euronext and Nasdaq, demonstrating positive market performance.