Sanuwave Health (SNWV) has issued an update.
Sanuwave Health, Inc. has recently undergone a shift in its financial leadership, with the immediate termination of CFO Toni Rinow and the introduction of Peter Sorensen as the new CFO, effective April 1, 2024. Rinow’s departure was accompanied by a severance package, while Sorensen brings experience from his previous role at Endogenex, Inc., and starts with a base salary and potential bonuses, including stock options. The company’s announcement of these changes, though not filed for legal liabilities, suggests a forward-looking approach to its financial management.
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