Paul R. Gudonis
President, CEO, and Chairman at MMyomo Inc
Board
Since July 2012
Age
70 years
Education
Earned a Bachelor's degree in Electrical Engineering from Northwestern University and an MBA from Harvard University.
Tenure
Joined as CEO and director in July 2012, became Chairman in August 2016, and was appointed President in February 2017.
Also at Myomo Inc
DAH
David A. Henry
Chief Financial Officer
HKM
Harry Kovelman, M.D.
Chief Medical Officer
MJM
Micah J. Mitchell
Chief Commercial Officer
About
Bringing over 40 years of experience in technology-based industries, he has established a strong foundation in launching innovative products and services across software, telecommunications, internet services, and robotics.
His career includes leadership roles at organizations such as FIRST Robotics, Centra Software, Inc., and Genuity, Inc., where he honed his expertise in strategic vision and operational excellence.
At MYO, his profound impact goes beyond his executive roles. His contributions in driving product development and fostering early-stage ventures are complemented by his active participation in academic and industry advisory boards, reinforcing his commitment to innovation and education.
$MYO Performance Under Paul R. Gudonis
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Myomo, Inc. | President | February 2017 – (prior role) | Held the position before consolidating into his current combined role |
| Myomo, Inc. | Chairman of the Board of Directors | August 2016 – (prior role) | Served as Chairman prior to assuming his current consolidated role |
| Myomo, Inc. | Chief Executive Officer and Director | July 2012 – (prior role) | Acted as CEO and Director before later taking on the combined leadership role |
| FIRST Robotics | President | October 2005 – June 2010 | Led the organization focused on inspiring young science and technology leaders through robotics competitions |
| Centra Software, Inc. | Chief Executive Officer | August 2003 – April 2005 | Provided software solutions at a technology company |
| Genuity, Inc. | Chief Executive Officer | January 2000 – March 2003 | Oversaw operations at a telecommunications and internet services company |
| Massachusetts High Tech Council | Chairman | N/A | Chaired the organization dedicated to advancing the technology sector in Massachusetts |
Fixed Compensation
Data from FY 2023
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $300,000 | Annual | Fixed salary for 2023 |
| All Other Compensation | $15,058 | Annual | Consists of 401(k) match contributions |
Performance Compensation
Data from FY 2023
Annual Performance Bonus
| Metric | Value/Target | Details |
|---|---|---|
| Corporate Bonus Weight | 70% | Based on achievement of revenue and operating loss targets (excluding stock-based compensation) equally weighted |
| Individual Performance Weight | 30% | Based on subjective individual performance as determined by the Compensation Committee |
| Bonus Range | 0% to 200% | Actual bonus payout may vary between 0% to 200% of the target bonus based on performance metrics |
| Maximum Bonus Cap | 170% | Maximum potential bonus is capped at 170% of the target bonus |
| Maximum Annual Bonus Amount | Up to $225,000 | Calculated as 75% of the base salary ($300,000) |
| Vesting Schedule | Not Applicable | As this is a cash bonus, there is no vesting schedule |
| Evaluation Period | 2023 | Performance evaluated throughout the year on strategic, sales, operational, and financial goals |
| Additional Details | Thresholds not disclosed | Specific performance targets for revenue and operating loss were not disclosed in the documents |