Management ChangeMay 7, 2026, 04:28 PM
SenesTech Appoints Michael Edell as President & CEO
AI Summary
SenesTech, Inc. has appointed Michael Edell as its new President and Chief Executive Officer, effective May 6, 2026, succeeding Joel L. Fruendt. Mr. Edell, who previously served as Interim COO, will receive an annual base salary of $360,000 and is eligible for an annual incentive bonus targeting 60% of his base salary. He was also granted an option to purchase 5.0% of the company's outstanding common stock and appointed to the Board of Directors. Jamie Bechtel's role as Interim Executive Chair concluded.
Key Highlights
- Michael Edell appointed President and CEO of SenesTech, Inc., effective May 6, 2026.
- Mr. Edell also appointed as a Class III director to the Board.
- Annual base salary set at $360,000.
- Eligible for an annual incentive bonus targeting 60% of base salary.
- Granted an option to purchase 5.0% of the outstanding common stock.
- Option vests over three years, with 1/12th vesting quarterly from May 1, 2026.
- Severance package includes up to 12 months base salary and full option vesting.
- Jamie Bechtel's role as Interim Executive Chair concluded.