Zynex Names Vikram Bajaj as New CFO

Zynex has appointed Vikram Bajaj as its new CFO. Bajaj previously held CFO positions at Vyaire Medical and Kepro, and served as head of corporate development at Kinetic Concepts (KCI).

Zynex (NASDAQ: ZYXI), a medical technology company focused on non-invasive medical devices, has appointed Vikram Bajaj as its new Chief Financial Officer (CFO). The appointment was announced on Monday, July 2, 2025 [1].

Bajaj brings a wealth of experience to the role, having previously served as CFO of Vyaire Medical and Kepro, and as head of corporate development at Kinetic Concepts (KCI). His appointment comes amidst significant leadership changes at Zynex, with Steven Dyson taking over as CEO and several key executive appointments effective August 18, 2025 [2].

The new CFO will oversee financial operations at a time when Zynex is navigating through a period of uncertainty. The company reported a significant miss in its second quarter 2025 results, with GAAP revenue falling short of expectations and a net loss widening to $20.0 million [3]. The quarter was marked by a steep drop in both sales and profitability, driven largely by a Tricare payment suspension that removed a significant stream of recurring revenue.

Bajaj's appointment signals a strategic shift at Zynex, with the company looking to address underlying governance or compliance concerns. His background in finance leadership, M&A, and capital markets within the med-tech sector suggests potential acquisition strategies. The new leadership team also includes John T. Bibb as Chief Legal Officer, Ajay Gopal as EVP of Sales, and Agnes Powell as VP of Billing, all bringing extensive experience in their respective fields [2].

As Zynex transitions to new leadership, investors will want to watch for updates on the company's financial guidance, which has been temporarily suspended. The outcome of the Tricare payment suspension and the effectiveness of the new leadership team will be key factors influencing the company's future performance.

References:
[1] https://seekingalpha.com/news/4486550-zynex-appoints-vikram-bajaj-as-cfo
[2] https://www.stocktitan.net/news/ZYXI/zynex-announces-arrival-of-steven-dyson-as-ceo-and-appointment-of-n4wyp0hr12dr.html
[3] https://www.aol.com/finance/zynex-q2-revenue-drops-55-180300565.html