Leadership & Pay ·
Innventure announced significant leadership changes and strategic restructuring to focus on its subsidiary Accelsius
INVInnventure, Inc.
Innventure announced significant leadership changes and strategic restructuring to focus on its subsidiary Accelsius. Michael Otworth and John Hewitt resigned from the Board to increase independence, while Michael Madon was appointed as a new independent director. The Board size was reduced from eight to seven directors. Eric Stober was appointed Chief Financial Officer effective October 19, 2026, succeeding David Yablunosky, with a compensation package including a $525,000 base salary and $600,000 in restricted stock units. The company implemented cost reductions expected to lower quarterly parent-level cash expenses from $7.5 million at the start of 2026 to approximately $3.2 million by year-end 2026. Innventure operates as a technology holding company that builds and scales commercialized technologies.