NeuroPace Announces CEO Transition

NeuroPace Appoints Joel Becker as President & CEO

Becker Brings a Track Record of Strong Commercial Execution and Deep Medical Device Operating Expertise

Mike Favet to leave Company after four years as President, CEO and Board Member and will continue to advise through transition

MOUNTAIN VIEW, Calif., June 28, 2023 (GLOBE NEWSWIRE) -- NeuroPace, Inc. (Nasdaq: NPCE), a commercial-stage medical device company focused on transforming the lives of people living with epilepsy, today announced the appointment of Mr. Joel Becker as NeuroPace President & CEO and member of the Board of Directors effective July 10, 2023. Mr. Michael Favet will be stepping down as CEO and as a member of NeuroPace’s Board of Directors to pursue other opportunities. He has agreed to stay on as a consultant throughout the transition.

“Joel brings a distinguished track record of successful commercial leadership and is highly qualified to lead NeuroPace as we move into our next phase of commercial expansion and corporate development,” said Frank Fischer, Chairman of the Board of Directors of NeuroPace. “With over 25 years of diverse experience developing markets, driving growth and leading innovation in medical technologies, from product development to corporate strategy and commercial execution, Joel brings invaluable experience, skills and insight to NeuroPace at a time when we are poised to accelerate adoption of our highly differentiated RNS System.”

“At the same time, on behalf of the NeuroPace board and employees, I would like to acknowledge and thank Mike for all that he has done for the Company and for our patients. Mike’s contributions to the Company have been substantial, guiding us through COVID, steering us through a successful IPO process, and driving our commercial progress,” added Mr. Fischer. “We wish Mike continued success in his future endeavors and are pleased he has agreed to stay on as consultant through the transition.”

Mr. Becker is a global medical device executive with more than 25 years of experience in successfully building, growing, and leading medical technology companies. He has most recently worked as the President of Viking North Ventures, which specializes in working with medical technology and healthcare Companies, Boards and Investors to accelerate growth by providing advisory, leadership and strategy development services. Prior to Viking North, Mr. Becker served as President of the Cardiac Rhythm Management and Neuromodulation business for Integer Holdings LLC, a publicly traded medical device contract development and manufacturing company. He previously spent more than 15 years at St. Jude Medical Inc., where he served as President of the Americas Division and led the commercial organizations for the electrophysiology, cardiology, structural heart, cardiac rhythm management and neuromodulation businesses in the Americas. In addition to a number of other leadership roles at St. Jude Medical, Mr. Becker also served as one of the founding members of the Atrial Fibrillation Division management team, which he helped lead and grow to more than $700 million in revenue. Mr. Becker holds a Master of Business Administration degree from the Carlson School of Management at the University of Minnesota.