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Appointment of CFO at ONWARD Medical: A New Chapter in Financial Leadership

Introduction

EINDHOVEN, the Netherlands – On January 23, 2026, ONWARD Medical N.V. (Euronext: ONWD; US ADR: ONWRY) made a significant announcement that marks a pivotal moment for the company. This neurotechnology firm, renowned for its groundbreaking spinal cord stimulation therapies aimed at restoring movement, function, and independence, appointed Ali Kiboro as its Chief Financial Officer, effective immediately in January 2026.

Profile of Ali Kiboro

Ali Kiboro brings an impressive portfolio of over 25 years of financial leadership experience, encompassing various sectors, including medical technology, tools and diagnostics, and the broader industry landscape. Prior to joining ONWARD Medical, Kiboro was the Chief Financial Officer at AliveDx (formerly Quotient Limited), a NASDAQ-listed company. There, he was instrumental in shaping the company’s financial strategy and optimizing its capital markets activities while also spearheading substantial operational transformations.

Before his tenure at AliveDx, Ali held multiple senior finance roles at respected organizations like Quest Diagnostics and General Motors, where he honed his expertise in financial management.

Comments from Leadership

“We are thrilled to welcome Ali Kiboro to our leadership team,” remarked Dave Marver, the Chief Executive Officer of ONWARD Medical. “With Ali’s extensive experience in driving growth and scaling life science companies, he is an invaluable addition to ONWARD at this critical juncture.”

Taking the helm during a period of notable momentum, Ali expressed his enthusiasm: “I am excited to join ONWARD Medical at a time filled with significant opportunities. The company’s mission, commitment to innovation, and unique technology platforms bolster its position for future success. I am eager to contribute to its long-term prospects.”

Educational Background

Ali Kiboro’s qualifications include an MBA in Finance from The Wharton School at the University of Pennsylvania, complemented by a Bachelor of Science in Finance, summa cum laude, from Duquesne University. His robust educational foundation equips him to navigate the complex financial landscape of a pioneering neurotechnology firm effectively.

About ONWARD Medical

ONWARD Medical stands at the forefront of neurotechnology, developing therapies that aim to restore movement, function, and independence for individuals experiencing spinal cord injuries (SCI) and other movement disabilities. The company’s foundation rests upon decades of scientific research, clinical studies, and innovation conducted in collaboration with prominent hospitals, rehabilitation clinics, and neuroscience laboratories.

A hallmark of ONWARD’s commitment to excellence is its proprietary ARC Therapy, recognized with 10 Breakthrough Device Designations by the FDA. The company’s ARC EX® System is already available for commercial distribution in both the US and Europe. Furthermore, ONWARD is also advancing its investigational implantable system, the ARC-IM® designed to tackle critical issues such as blood pressure instability following spinal cord injuries. Importantly, this system is designed to integrate seamlessly with brain-computer interfaces (BCIs) and artificial intelligence (AI), creating pathways for thought-driven movement restoration.

Infrastructure and Availability

ONWARD Medical is headquartered in the Netherlands and operates a dedicated Science and Engineering Center in Switzerland, along with a US office in Boston, Massachusetts. The company is publicly listed on Euronext Paris, Brussels, and Amsterdam (ticker: ONWD) and offers US ADRs on OTCQX (ticker: ONWRY).

For those interested in the company’s ongoing commitment to partnering with the spinal cord injury community to develop cutting-edge solutions, more information can be found at ONWD.com. To stay updated on the company’s advancements, clients can also complete a web form to receive updates and information about the availability of therapies specific to their location.

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Conclusion

The recent appointment of Ali Kiboro as Chief Financial Officer is poised to steer ONWARD Medical into an exciting new phase, enhancing its potential to influence the neurotechnology landscape positively. With a foundation built on innovative approaches and an eye toward the future, ONWARD Medical aims to continue its legacy of cultivating advancements that genuinely improve the lives of people with spinal cord injuries. By leveraging tools like AI legalese decoder, stakeholders can navigate the regulatory landscape more effectively, ensuring clarity and informed engagement with the company’s ongoing journey.

Contact Information

For media inquiries, reach out to Sébastien Cros, VP of Communications, at [email protected]. For investor inquiries, please contact [email protected].

Disclaimer

Please note that the statements made in this press release are forward-looking and subject to various risks and uncertainties that could impact actual results. Therefore, potential investors should approach these forward-looking statements with caution and not make undue reliance on them.

Trademarks: ONWARD, ARC-EX, ARC-IM, ARC-BCI, and the stylized O-Logo are proprietary and registered trademarks of ONWARD Medical. Unauthorized use is strictly prohibited.

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