An announcement from Nuwellis ( (NUWE) ) is now available.
On February 24, 2025, Nuwellis, Inc. announced the retirement of Nestor Jaramillo, Jr. as President and CEO, effective February 18, 2025. John Erb, the current Chairman of the Board, has been appointed as the Interim President and CEO. Mr. Jaramillo’s departure was amicable, and he will receive certain benefits as per the Separation Agreement. The company plans to engage an executive search firm to find a permanent CEO. Mr. Erb, who has a long history with the company and extensive experience in the medical device industry, will lead Nuwellis during this transitional period.
More about Nuwellis
Nuwellis, Inc. (Nasdaq: NUWE) is a commercial-stage medical device company focused on transforming the lives of patients with fluid overload through science, collaboration, and innovation. The company is focused on commercializing the Aquadex SmartFlow® system for ultrafiltration therapy. Nuwellis is headquartered in Minneapolis, with a wholly owned subsidiary in Ireland.
YTD Price Performance: 8.33%
Average Trading Volume: 588,084
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.69M
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