Beyond Air, Inc. announces the appointment of Dan Moorhead as Chief Financial Officer, effective January 5, 2026. This strategic appointment signals a pivotal move by Beyond Air to enhance its financial leadership amidst anticipated growth and market expansion.
Dan Moorhead brings over 20 years of finance leadership experience in both public and private companies, with a strong track record of guiding companies through growth phases and developing high-performing finance organizations. His arrival at Beyond Air underscores the company's commitment to bolstering its financial capabilities.
Mr. Moorhead's appointment comes at a crucial juncture for Beyond Air as the company gears up for the FDA approval and commercial launch of the second generation LungFit PH, indicating the importance of solid financial stewardship during this critical period.
Experience and Track Record
Dan Moorhead's appointment brings significant value to Beyond Air, given his history of implementing disciplined budgeting frameworks and driving commercial expansion in previous roles. His expertise is poised to steer Beyond Air through financial complexities and growth phases.
Inducement Option Grant
Beyond Air granted an inducement stock option award to Mr. Moorhead upon his appointment, allowing him to purchase 70,000 shares of the Company's common stock. This move reflects the Company's strategic approach to incentivize key executives and ensure alignment of interests towards long-term success.
Company Focus
Beyond Air remains dedicated to leveraging nitric oxide to enhance the quality of life for patients with respiratory illnesses and neurological disorders. Moorhead's appointment reinforces the company's commitment to advancing innovative solutions in healthcare and achieving positive outcomes for patients.
- Dan Moorhead's appointment as Chief Financial Officer signifies Beyond Air's proactive step towards fortifying its financial governance, crucial for navigating upcoming growth phases and market expansions. Moorhead's expertise is likely to optimize financial strategies and bolster investor confidence in Beyond Air's financial management and growth trajectory.
- The inducement stock option award granted to Moorhead underlines Beyond Air's strategic focus on fostering executive motivation and long-term value creation. By aligning Moorhead's interests with the Company's success through equity ownership, Beyond Air aims to drive sustainable growth and shareholder value in the long run.
The appointment of Dan Moorhead as Chief Financial Officer marks a significant milestone for Beyond Air, emphasizing the Company's strategic emphasis on strong financial leadership and robust growth strategies. Moorhead's appointment not only enhances Beyond Air's financial capabilities but also positions the Company for success in its upcoming milestones and market endeavors.