Venus Concept Announces Senior Management Changes
Venus Concept (NASDAQ: VERO) announced key changes to its senior leadership team. Dr. Hemanth Varghese, President and COO, will depart on March 28, 2025, while Bill McGrail, EVP of Technical Operations & Compliance, will retire on February 28, 2025.
The medical aesthetic technology company has appointed Kirk Gunhus as Chief Revenue Officer with global responsibility for sales efforts. Ross Portaro becomes EVP of Commercial Strategy and Head of Venus Hair, focusing on expanding the hair business across all markets. Melissa Kang returns as Chief Product Officer to guide future product vision, while Michael Mandarello, Chief Legal Officer, takes on an expanded role as Head of Strategy & Operations.
CEO Rajiv De Silva stated these changes are part of Venus Concept's ongoing transformation efforts, designed to "streamline decision making and best position the Company for its return to growth and its journey towards profitability." The restructuring aims to build the right team for future growth and maximize upcoming product launches.
Venus Concept (NASDAQ: VERO) ha annunciato importanti cambiamenti nel suo team di leadership senior. Il Dr. Hemanth Varghese, Presidente e COO, lascerà l'incarico il 28 marzo 2025, mentre Bill McGrail, EVP delle Operazioni Tecniche e Conformità, andrà in pensione il 28 febbraio 2025.
La società di tecnologia estetica medica ha nominato Kirk Gunhus come Chief Revenue Officer con responsabilità globale per gli sforzi di vendita. Ross Portaro diventa EVP della Strategia Commerciale e Responsabile di Venus Hair, concentrandosi sull'espansione del business dei capelli in tutti i mercati. Melissa Kang torna come Chief Product Officer per guidare la visione futura dei prodotti, mentre Michael Mandarello, Chief Legal Officer, assume un ruolo ampliato come Responsabile della Strategia e delle Operazioni.
Il CEO Rajiv De Silva ha dichiarato che questi cambiamenti fanno parte degli sforzi di trasformazione in corso di Venus Concept, progettati per "snellire il processo decisionale e posizionare al meglio l'azienda per il suo ritorno alla crescita e il suo percorso verso la redditività." La ristrutturazione mira a costruire il team giusto per la crescita futura e massimizzare i prossimi lanci di prodotti.
Venus Concept (NASDAQ: VERO) anunció cambios clave en su equipo de liderazgo senior. El Dr. Hemanth Varghese, Presidente y COO, dejará su cargo el 28 de marzo de 2025, mientras que Bill McGrail, EVP de Operaciones Técnicas y Cumplimiento, se retirará el 28 de febrero de 2025.
La empresa de tecnología estética médica ha nombrado a Kirk Gunhus como Director de Ingresos con responsabilidad global por los esfuerzos de ventas. Ross Portaro se convierte en EVP de Estrategia Comercial y Jefe de Venus Hair, centrándose en expandir el negocio del cabello en todos los mercados. Melissa Kang regresa como Directora de Productos para guiar la visión futura del producto, mientras que Michael Mandarello, Director Legal, asume un rol ampliado como Jefe de Estrategia y Operaciones.
El CEO Rajiv De Silva declaró que estos cambios son parte de los esfuerzos de transformación en curso de Venus Concept, diseñados para "agilizar la toma de decisiones y posicionar mejor a la empresa para su regreso al crecimiento y su camino hacia la rentabilidad." La reestructuración tiene como objetivo construir el equipo adecuado para el crecimiento futuro y maximizar los próximos lanzamientos de productos.
비너스 컨셉 (NASDAQ: VERO)은 고위 리더십 팀의 주요 변화를 발표했습니다. Hemanth Varghese 박사, 사장 겸 COO는 2025년 3월 28일에 떠나며, Bill McGrail, 기술 운영 및 준수 부 EVP는 2025년 2월 28일에 은퇴합니다.
의료 미용 기술 회사는 Kirk Gunhus를 글로벌 판매 노력을 책임지는 수익 책임자로 임명했습니다. Ross Portaro는 상업 전략 EVP이자 Venus Hair의 책임자가 되어 모든 시장에서 헤어 사업을 확장하는 데 집중합니다. Melissa Kang은 향후 제품 비전을 안내하기 위해 제품 책임자로 돌아오며, Michael Mandarello, 법무 책임자는 전략 및 운영 책임자로서의 역할을 확대합니다.
CEO Rajiv De Silva는 이러한 변화가 비너스 컨셉의 지속적인 변혁 노력의 일환으로, "의사결정을 간소화하고 회사가 성장으로 돌아가고 수익성을 향한 여정을 잘 준비하도록 최적의 위치에 두기 위해 설계되었습니다."라고 밝혔습니다. 이 구조조정은 미래 성장을 위한 적합한 팀을 구성하고 다가오는 제품 출시를 극대화하는 것을 목표로 합니다.
Venus Concept (NASDAQ: VERO) a annoncé des changements clés dans son équipe de direction senior. Dr. Hemanth Varghese, Président et COO, quittera son poste le 28 mars 2025, tandis que Bill McGrail, EVP des Opérations Techniques et de la Conformité, prendra sa retraite le 28 février 2025.
L'entreprise de technologie esthétique médicale a nommé Kirk Gunhus au poste de Directeur des Revenus avec une responsabilité mondiale pour les efforts de vente. Ross Portaro devient EVP de la Stratégie Commerciale et Responsable de Venus Hair, se concentrant sur l'expansion de l'activité capillaire sur tous les marchés. Melissa Kang revient en tant que Directrice des Produits pour guider la vision future des produits, tandis que Michael Mandarello, Directeur Juridique, prend un rôle élargi en tant que Responsable de la Stratégie et des Opérations.
Le PDG Rajiv De Silva a déclaré que ces changements font partie des efforts de transformation en cours de Venus Concept, conçus pour "simplifier la prise de décision et mieux positionner l'entreprise pour son retour à la croissance et son chemin vers la rentabilité." La restructuration vise à constituer la bonne équipe pour la croissance future et à maximiser les lancements de produits à venir.
Venus Concept (NASDAQ: VERO) hat wesentliche Änderungen in seinem Führungsteam bekannt gegeben. Dr. Hemanth Varghese, Präsident und COO, wird am 28. März 2025 ausscheiden, während Bill McGrail, EVP für technische Operationen und Compliance, am 28. Februar 2025 in den Ruhestand geht.
Das Unternehmen für medizinische Ästhetik-Technologie hat Kirk Gunhus zum Chief Revenue Officer ernannt, der global für die Verkaufsaktivitäten verantwortlich ist. Ross Portaro wird EVP für kommerzielle Strategie und Leiter von Venus Hair und konzentriert sich darauf, das Haargeschäft in allen Märkten auszubauen. Melissa Kang kehrt als Chief Product Officer zurück, um die zukünftige Produktvision zu leiten, während Michael Mandarello, Chief Legal Officer, eine erweiterte Rolle als Leiter von Strategie und Betrieb übernimmt.
CEO Rajiv De Silva erklärte, dass diese Änderungen Teil der laufenden Transformationsbemühungen von Venus Concept sind, die darauf abzielen, "die Entscheidungsfindung zu optimieren und das Unternehmen bestmöglich für die Rückkehr zum Wachstum und den Weg zur Rentabilität zu positionieren." Die Umstrukturierung zielt darauf ab, das richtige Team für zukünftiges Wachstum aufzubauen und bevorstehende Produkteinführungen zu maximieren.
- Leadership restructuring aimed at streamlining decision-making
- Strategic focus on return to growth and path to profitability
- Expanded focus on Venus Hair business across all markets
- Positioning for upcoming new product launches
- Departure of President and COO who led transformation efforts
- Retirement of EVP of Technical Operations & Compliance
- Ongoing need for corporate transformation suggests current challenges
TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global medical aesthetic technology leader, today announced several changes to its senior leadership team.
Dr. Hemanth Varghese, President and COO will depart the company to pursue other opportunities, effective March 28, 2025, and Bill McGrail, EVP, Technical Operations & Compliance, will retire, effective February 28, 2025. The Company expresses their gratitude for their contribution to Venus’ turnaround and drive for operational excellence globally.
With the departures, Kirk Gunhus has been appointed Chief Revenue Officer, with global responsibility for Venus’ sales efforts. This includes oversight of the direct field force, distributor relationships and technical support for all customers. Ross Portaro has been appointed as EVP, Commercial Strategy and Head of Venus Hair, with a focus on providing commercial guidance and expanding our Venus Hair business in all jurisdictions.
Venus Concept also welcomes back Melissa Kang, the Company’s former EVP, Global Marketing & Product Management, as Chief Product Officer. She will work on continuing the history of innovation at the Company, by guiding future product vision and roadmap. Michael Mandarello, the Company’s Chief Legal Officer, will take on an expanded role as Head of Strategy & Operations, to include oversight of Venus’ corporate strategy and operational execution.
These changes are part of Venus Concept’s ongoing transformation efforts and are focused on establishing the optimal senior management structure for the next phase of its evolution.
"This new management structure is designed to streamline decision making and best position the Company for its return to growth and its journey towards profitability. This reorganization demonstrates our commitment to building the right team to enable future growth and maximize upcoming new product launches. I look forward to working with Kirk, Ross, Melissa and Michael in their new roles,” said Rajiv De Silva, Chief Executive Officer of Venus Concept.
Mr. De Silva went on to say, "We are grateful for the pivotal role Hemanth has played in executing the Company’s transformation efforts over the last two years and we wish him well in his future endeavors. We also congratulate Bill on his well-deserved retirement."
About Venus Concept
Venus Concept is an innovative global medical aesthetic technology leader with a broad product portfolio of minimally invasive and non-invasive medical aesthetic and hair restoration technologies and reaches over 60 countries and 12 direct markets. Venus Concept's product portfolio consists of aesthetic device platforms, including Venus Versa, Venus Versa PRO, Venus Legacy, Venus Velocity, Venus Viva, Venus Glow, Venus Bliss, Venus Bliss MAX, Venus Epileve, Venus Viva MD and AI.ME. Venus Concept's hair restoration systems include NeoGraft® and the ARTAS iX® Robotic Hair Restoration system. Venus Concept has been backed by leading healthcare industry growth equity investors including EW Healthcare Partners (formerly Essex Woodlands), HealthQuest Capital, Longitude Capital Management, Aperture Venture Partners, and Masters Special Situations.
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