MYOS names Joseph Mannello as CEO, effective August 24
MYOS RENS Technology announced that it has entered into an employment agreement with Joseph Mannello to serve as its permanent CEO, effective August 24. As part of his employment agreement, Mannello agreed to forego an annual salary (except for a legally required minimum amount) and instead received a stock option to purchase 300,000 shares of the Company's common stock at an exercise price of $4.00 per share, which option vests in eight quarterly installments. Mannello previously served as the company's interim CEO since September 2016, and had been a member of the company's board of directors since December 2015. Mannello has an extensive background in the financial services industry, including serving as executive managing director at Brean Capital, and at a publicly-traded investment bank, Gleacher & Company.