Benzinga | May 5, 2021 08:32AM EDT

BrainsWay Names R. Scott Areglado As Senior Vice President, CFO

BrainsWay Ltd. (NASDAQ & TASE: BWAY) ("BrainsWay" or the "Company"), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced the appointment of R. Scott Areglado as Senior Vice President and Chief Financial Officer effective today.



"We are very pleased to announce that Scott Areglado has joined BrainsWay to become our Senior Vice President and Chief Financial Officer," stated Christopher von Jako, Ph.D., President and Chief Executive Officer of BrainsWay. "Scott's appointment comes at a critically important time for our company, as we expand our commercial operations and take steps to accelerate the growth of our core business. Our progress in the market has enabled us to attract top talent across our organization, and Scott's appointment will provide BrainsWay with seasoned leadership in financial operations and controls in order to help us execute on our corporate objectives."

Mr. Areglado commented, "I am excited to be joining such an innovative company at a time when mental health awareness has never been more important to the health of patients. I believe we are truly at an inflection point in a growing market and that this is a unique opportunity. I look forward to working with the team at BrainsWay to help drive long-term growth and value for our stakeholders."

Mr. Areglado brings more than 25 years of leadership experience across finance and accounting positions within the medical technology industry. Since December 2018, he has been Chief Financial Officer of iCAD, Inc., a publicly traded global medical technologies provider of advanced image analysis, having previously served as its Vice President and Corporate Controller (from 2011 to 2018). From 2005 to 2010, Mr. Areglado served as Vice President and Controller at AMICAS, Inc., a Nasdaq-listed image and information management solutions company serving the healthcare industry, where he was responsible for the financial statement preparation and accounting operations for the company, including support for the successful acquisition of the company by Merge Healthcare. From 1991 to 2004, he held various accounting and financial roles of increasing responsibility in the software, communications, and transportation and logistics industries. In addition, Mr. Areglado worked as an auditor in public accounting earlier in his career. He holds a Bachelor of Business Administration degree in Accounting from the University of Massachusetts, Amherst, and a Master of Business Administration in Entrepreneurship from the Franklin W. Olin Graduate School of Business at Babson College.