Beyond Air Appoints Dan Moorhead as Chief Financial Officer

Beyond Air, Inc. (NASDAQ: XAIR) announced the appointment of Dan Moorhead as Chief Financial Officer, effective January 5, 2026. This move follows Duke Dewrell's interim role as CFO since November 2025, with Dewrell returning to his prior role as Controller.

Moorhead brings over 20 years of finance leadership experience across public and private companies. He most recently served as CFO of Zynex, Inc. from June 2017 to August 2025, where he implemented a disciplined budgeting and forecasting framework.

In connection with his appointment, the Company granted an inducement stock option award to Mr. Moorhead upon entering into employment. The inducement option is exercisable for the purchase of 70,000 shares of the Company's common stock, with a ten-year term and vesting over four years.

Moorhead expressed his excitement about joining Beyond Air at a pivotal moment in the Company's evolution. He emphasized his commitment to supporting the successful execution of the company's commercial strategy and ensuring strong financial stewardship.

The company is a commercial-stage medical device and biopharmaceutical company focused on harnessing the power of nitric oxide (NO) to improve the lives of patients suffering from respiratory illnesses, neurological disorders, and solid tumors.

Beyond Air's LungFit PH system has received FDA approval and CE Mark for treating term and near-term neonates with hypoxic respiratory failure. The company is also advancing other LungFit systems in clinical trials for treating severe lung infections and chronic, refractory lung infections.

Steve Lisi, Chairman and Chief Executive Officer of Beyond Air, highlighted Moorhead's strong track record of guiding companies through significant growth. He expressed confidence in leveraging Moorhead's experience to support the company's strategy and build a market-leading company.

Moorhead is a CPA and holds a B.B.A. in Accounting from the University of Northern Colorado. The company stated that the inducement award was approved by the independent compensation committee of the Board in accordance with Nasdaq Stock Market Listing Rule 5635(c)(4).

Why Did This Appointment Occur?

Beyond Air's decision to appoint Dan Moorhead follows a period of interim leadership under Duke Dewrell. The company cited the need for experienced leadership to support its strategic growth and financial stewardship.

Moorhead's background in guiding companies through significant growth aligns with Beyond Air's current strategic objectives. His experience at Zynex and Evolving Systems, Inc. provides a strong foundation for his new role.

The stock option award granted to Moorhead is designed to incentivize long-term performance and align his interests with those of the company's shareholders.

What Does the Appointment Mean for Beyond Air?

Moorhead's appointment is expected to support the company's focus on expanding its commercial operations and advancing its product pipeline. His role includes overseeing financial strategy and ensuring strong financial stewardship.

The company highlighted the importance of having a CFO with experience in guiding companies through significant growth. Moorhead's background is seen as a valuable asset in this regard.

The stock option award is part of a broader strategy to attract and retain top talent. The vesting schedule ensures that Moorhead's compensation is tied to long-term performance.

What Are Analysts Watching Next?

Analysts will be watching how the new leadership team executes on Beyond Air's strategic objectives. The company's focus on advancing its product pipeline and expanding its commercial operations is a key area of interest.

The market response to Moorhead's appointment will also be closely monitored. Investors are likely to assess whether this move will lead to improved financial performance and stock price appreciation.

The company's ability to navigate regulatory and competitive challenges will also be a key focus for analysts. Successful execution of its commercial strategy is expected to drive long-term value for shareholders.