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Gerard Michel

Chief Executive Officer (CEO) at DELCATH SYSTEMS
Board
Since October 1, 2020
Age
61 years
Education
Holds an M.S. in Microbiology from the University of Rochester School of Medicine, an M.B.A. from the Simon School of Business, and a B.S. in both Biology and Geology from the University of Rochester.
Tenure
Joined DCTH as CEO and Director on October 1, 2020.

Also at DELCATH SYSTEMS

DH
David Hoffman
General Counsel, Chief Compliance Officer, and Corporate Secretary
KM
Kevin Muir
General Manager, Interventional Oncology
MR
Martha Rook
Chief Operating Officer

About

Gerard Michel has built a strong foundation in both science and business, earning degrees in microbiology, business, and additional scientific disciplines from the University of Rochester.

He has accumulated over 30 years of experience in the pharmaceutical and medical technology industries, holding key financial and leadership positions at organizations such as NPS Pharmaceuticals, Biodel, and Vericel Corporation.

At DCTH, he has served as the Chief Executive Officer and Director since October 1, 2020, leveraging his extensive background to drive strategic innovations and advancements in the company's treatment offerings.

$DCTH Performance Under Gerard Michel

Past Roles

OrganizationRoleDate RangeDetails
Vericel CorporationChief Financial OfficerJune 2014 - October 2020Key management member integrating a transformative acquisition and revising the business model
Biodel, Inc.Chief Financial Officer and Vice President, Corporate DevelopmentNovember 2007 - May 2014
NPS Pharmaceuticals Inc.Chief Financial Officer and Vice President, Corporate DevelopmentAugust 2002 - November 2007
Booz AllenPrincipalN/ANo specific dates provided
Lederle Labs and Wyeth LabsVarious Commercial RolesN/ANo specific details available

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary $564,240 Annual 2024 4.0% increase from 2023 base salary
Option Awards $1,230,036 Vesting monthly over 3 years starting from Feb 12, 2024 301,500 shares granted at an exercise price of $4.78; vesting based on continued service

Performance Compensation

Data from  FY 2024

Non-Equity Incentive Plan Compensation

MetricDetails
Target Bonus Percentage 65.0% of base salary
Actual Payout $366,756
Performance Achievement 100% based on corporate performance goals
Evaluation Areas Clinical Trials, Regulatory, Commercial, Manufacturing, Finance
Payment Schedule Annual 2024
Conditions Awarded based solely on achievement of company performance goals; no additional vesting requirements