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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