Nuwellis CEO Nestor Jaramillo Jr. retires; Chairman John Erb named interim CEO

Nuwellis, Inc.

Nestor Jaramillo Jr. retired as President, CEO, and director effective Feb 18, 2025; retirement was not due to any dispute.
Jaramillo will receive 6 months base salary, a $47,723 bonus payment, COBRA premiums through Aug 2025, and accelerated stock options.
Board appointed Chairman John L. Erb as Interim President and CEO; he will receive an annual salary of $300,000 and remain Chairman.
Board reduced size from seven to six members; company will retain an executive search firm for a permanent CEO.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Nestor Jaramillo Jr.

President and Chief Executive Officer

NUWE · Nuwellis, Inc.

Effective: 2025-02-18
Successor: John L. Erb
Filed: February 24, 2025, 6:59 PM ET

Nestor Jaramillo, Jr. is retiring from the Company, effective February 18, 2025

Appointed (interim)

John L. Erb

Interim Chief Executive Officer and President

NUWE · Nuwellis, Inc.

Effective: 2025-02-18
Filed: February 24, 2025, 6:59 PM ET

the Board appointed John L. Erb as the Company’s Interim Chief Executive Officer and President.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Nestor Jaramillo Jr. departed as President and Chief Executive Officer at Nuwellis, Inc..

Action: retiring
Role: President and Chief Executive Officer

Exact text from the filing

Nestor Jaramillo, Jr. is retiring from the Company, effective February 18, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

John L. Erb was appointed as Interim Chief Executive Officer and President at Nuwellis, Inc..

Action: appointed
Role: Interim Chief Executive Officer and President

Exact text from the filing

the Board appointed John L. Erb as the Company’s Interim Chief Executive Officer and President.

View on SEC.gov

Nuwellis, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-005675

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