Rockwell Medical Promotes Jesse Neri to Chief Financial Officer

Rhea-AI Summary

Rockwell Medical (Nasdaq: RMTI) has promoted Jesse Neri to Chief Financial Officer. Neri, who joined the company in October 2023 as SVP of Finance, brings nearly 25 years of financial leadership experience in both public and private companies. Prior to Rockwell, he served as Executive Director of Finance at Hemavant Sciences and Aruvant Sciences, and as Senior Vice President of Finance at Zyla Life Sciences, where he managed a $80 million revenue operation and led various strategic initiatives including product acquisitions and commercial launches.

Positive

• Appointment of experienced CFO with track record in product acquisitions and commercial launches
• Addition of executive with public company financial management experience
• Strengthening of financial leadership with expertise in strategic growth and fiscal discipline

Negative

• None.

WIXOM, Mich.--(BUSINESS WIRE)-- Rockwell Medical, Inc. (the "Company") (Nasdaq: RMTI), a healthcare company that develops, manufactures, commercializes, and distributes a portfolio of hemodialysis products to dialysis providers worldwide, today announced that Jesse Neri was promoted to Chief Financial Officer.

Jesse Neri - Chief Financial Officer at Rockwell Medical, Inc. (Photo: Business Wire)

"Over the past year, Jesse has been instrumental in strengthening Rockwell's financial infrastructure, reshaping our financial strategy, and developing a stronger public company financial organization and presence within the investor community," said Mark Strobeck, Ph.D., President and CEO at Rockwell Medical. "His promotion to CFO is a testament to his invaluable contributions and leadership within Rockwell and underscores our focus on driving long-term strategic growth and exercising strong fiscal discipline."

With nearly 25 years' experience leading finance functions at both public and private companies, Mr. Neri joined Rockwell Medical in October 2023 as SVP, Finance to oversee all aspects of the Company's finance organization. Prior to joining Rockwell Medical, Mr. Neri was the Executive Director of Finance at Hemavant Sciences and Aruvant Sciences, clinical-stage biopharmaceutical companies that are members of the Roivant portfolio that develop therapeutics to improve the lives of patients with blood disorders and hematological malignancies. Previously, Mr. Neri served as Senior Vice President of Finance at Zyla Life Sciences, a public pharmaceutical company with annual revenue of $80 million. As a member of the senior management team, Mr. Neri was responsible for all aspects of its finance organization including SEC reporting, audit, controllership, and strategic planning. While at Zyla, he played a pivotal role in multiple product acquisitions, financings, commercial product launches and regulatory approvals, along with Zyla's acquisition by Assertio Therapeutics in May 2020. Prior to Zyla, Mr. Neri served as Vice President of Financial Planning and Analysis at Symphony Health Solutions, a private equity-backed market research company with revenue of over $200 million. Mr. Neri received a B.S. in Business Administration of Finance from Villanova University and an M.B.A. from Drexel University LeBow School of Business.

About Rockwell Medical

Rockwell Medical, Inc. (Nasdaq: RMTI) is a healthcare company that develops, manufactures, commercializes, and distributes a portfolio of hemodialysis products for dialysis providers worldwide. Rockwell Medical's mission is to provide dialysis clinics and the patients they serve with the highest quality products supported by the best customer service in the industry. Rockwell is focused on innovative, long-term growth strategies that enhance its products, its processes, and its people, enabling the Company to deliver exceptional value to the healthcare system and provide a positive impact on the lives of hemodialysis patients. Hemodialysis is the most common form of end-stage kidney disease treatment and is typically performed at freestanding outpatient dialysis centers, hospital-based outpatient centers, skilled nursing facilities, or in a patient’s home. Rockwell Medical's products are vital to vulnerable patients with end-stage kidney disease, and the Company is relentless in providing unmatched reliability and customer service. Certified as a Great Place to Work^® in 2023 and 2024 and named Fortune Best Workplaces in Manufacturing & Production^TM in 2024, Rockwell Medical is Driven to Deliver Life-Sustaining Dialysis Solutions^TM. For more information, visit www.rockwellmed.com.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as, "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "could," "can," "would," "develop," "plan," "potential," "predict," "forecast," "project," "intend," "look forward to," "remain confident," “are determined,” “are on track,” “are resolute in our vision,” “focus” or the negative of these terms, and similar expressions, or statements regarding intent, belief, or current expectations, are forward looking statements. While Rockwell Medical believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties (including, without limitation, those set forth in Rockwell Medical's SEC filings), many of which are beyond our control and subject to change. Actual results could be materially different. Risks and uncertainties include, but are not limited to those risks more fully discussed in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2023, as such description may be amended or updated in any future reports we file with the SEC. Rockwell Medical expressly disclaims any obligation to update our forward-looking statements, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241212901260/en/

Heather R. Hunter

SVP, Chief Corporate Affairs Officer

(248) 432-1362

IR@RockwellMed.com

Source: Rockwell Medical

FAQ

When did Jesse Neri join Rockwell Medical (RMTI) as SVP of Finance?

Jesse Neri joined Rockwell Medical (RMTI) in October 2023 as SVP of Finance.

What was Jesse Neri's role at Zyla Life Sciences before joining RMTI?

At Zyla Life Sciences, Jesse Neri served as Senior Vice President of Finance, managing an $80 million revenue operation and overseeing SEC reporting, audit, controllership, and strategic planning.

What experience does RMTI's new CFO Jesse Neri bring to the company?

Jesse Neri brings nearly 25 years of experience leading finance functions at both public and private companies, including expertise in product acquisitions, financings, commercial product launches, and regulatory approvals.

How will Jesse Neri's appointment impact RMTI's financial strategy?

According to the company, Neri has been instrumental in strengthening Rockwell's financial infrastructure, reshaping financial strategy, and developing a stronger public company financial organization and presence within the investor community.