Innventure Inc. Announces Board Changes and New CFO

What Happened
Innventure, Inc. (INV) filed an 8‑K reporting governance and management changes. On September 18, 2026, directors Michael Otworth and John Hewitt resigned as part of a Board initiative to increase the percentage of independent directors (neither resignation was due to any disagreement with the company). On September 20, 2026 the Board reduced its size from eight to seven directors and appointed Michael Madon as an independent director to fill the vacancy created by Mr. Otworth, effective September 28, 2026. Separately, the Board appointed Eric Stober as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer effective October 19, 2026; David Yablunosky will remain in those roles until that date and then serve in an advisory capacity for a transition period. The company issued a press release on September 21, 2026 announcing these changes and related cost‑reduction measures.

Key Details

• Resignations effective September 18, 2026: Michael Otworth and John Hewitt; neither resignation resulted from disagreements with the company.
• Board reduced from 8 to 7 directors effective September 20, 2026; post‑reduction class composition: Class I = 2, Class II = 3, Class III = 2.
• Michael Madon appointed as independent director (effective September 28, 2026); no related party arrangements reported.
• Eric Stober appointed CFO effective October 19, 2026 with employment terms (per Sept. 18, 2026 letter): $525,000 annual base salary; target annual cash bonus = 100% of base salary (prorated for 2026); $600,000 in restricted stock units on start date vesting one‑third each year; expected first annual equity grant in April 2027 with a grant‑date value of $575,000.

Why It Matters
These changes affect corporate governance and senior financial leadership. Increasing independent board representation and reducing board size can influence oversight and governance dynamics. The CFO hire brings a seasoned finance executive with public‑company CFO experience and includes significant equity and bonus incentives, which could impact future compensation expense and align management with shareholder outcomes. The company also announced cost‑reduction measures in conjunction with these changes, which investors may watch for effects on operating expenses and margins.