{"id":995651,"date":"2026-08-14T18:03:45","date_gmt":"2026-08-14T22:03:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/"},"modified":"2026-08-14T18:03:45","modified_gmt":"2026-08-14T22:03:45","slug":"profound-medical-announces-management-change","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/","title":{"rendered":"Profound Medical Announces Management Change"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">TORONTO, Aug.  14, 2026  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Wi_ZDbjgev-QwmBKWsI78LKabZig3l7GVVa7GvPkcp-q4uoIbnedXsy6VRUK51hxsINEdAVogd6jhtj8JL2b1nqknFunrRFEYUTK2TYagO4=\" rel=\"nofollow\" target=\"_blank\">Profound Medical Corp.<\/a> (NASDAQ:PROF; TSX:PRN) (\u201cProfound\u201d or the \u201cCompany\u201d), a commercial-stage medical device company that develops and markets innovative interventional MRI (iMRI) procedures, today announced the promotion of Matthew Sobczyk from Corporate Controller to Interim Chief Financial Officer, effective immediately. Mr. Sobczyk, who first joined Profound in 2020, succeeds Rashed Dewan, who has stepped down as the Company\u2019s Chief Financial Officer.<\/p>\n<p align=\"justify\">\u201cI would like to thank Rashed for his years of service and the contributions he has made to the Company, and I am pleased that he will be staying on a short-term consulting contract to help ensure a smooth transition,\u201d said Profound\u2019s CEO and Chairman, Arun Menawat. \u201cAt the same time, given Matthew\u2019s deep knowledge of Profound, combined with his financial expertise and experience, we are confident that he is the right leader to maintain continuity and operational discipline while we continue to execute our growth strategy and drive adoption of our award-winning TULSA technology.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Profound Medical Corp.<\/strong>\n      <\/p>\n<p align=\"justify\">Profound is a commercial-stage medical device company and an innovator in interventional MRI (iMRI) procedures. The company\u2019s flagship platform, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=A9rMSiiyw9wCFU_9UDlZJHd4SFDlCXEklDCySJJX7GLRWrDpg2X2-Z7lAPOzkhxGAE9LtXu-deo_Tm41ObyH-xzjXAQglYPwzzxEg9OGwgw=\" rel=\"nofollow\" target=\"_blank\">TULSA-PRO<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=104s6rkjKIma-baGsS__MsuAaSCizq12y41z3cUoEEr1qsInGrwNbF0cezQcYQKgAQelalnFaQYEJd_aMo8v4PaqvJSY-hgiYyYMkX5SEYE=\" rel=\"nofollow\" target=\"_blank\"><sup>\u00ae<\/sup><\/a>, enables MRI-guided, incision-free prostate ablation. Physicians use the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=A9rMSiiyw9wCFU_9UDlZJLT_6bDTsvn1TKfrCKcdBMOEGlU-lW4gdYlc6JQ0lVhnS5v0NYRI2WwRpklZJzUTNdGRNfE7NsAE3fFBKpT0PS4GEA6SIA7dvDUfpVkJTSyb_--X5GOmZDx4swWLw-Kz_A==\" rel=\"nofollow\" target=\"_blank\">TULSA Procedure\u2122<\/a> to see, ablate, and confirm therapy in real time, supporting personalized treatment strategies across the continuum of prostate care\u2014from whole-gland to subtotal, hemi, multifocal, and focal treatment. This approach enables individualized care using prostate tissue ablation, while minimizing the potential of the side effects that are typically associated with surgery or radiation, such as urinary incontinence and\/or erectile dysfunction.<\/p>\n<p align=\"justify\">Profound also commercializes <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zNQuq8aggQLiehfITDIQdiv0h-O74LIJufbRzJyL1PIgTRQp8wSCfh0U_DIpQDUljONnPH5zZ-MNqsLx02Je5YTM6l9cs0YkCkvQWhgrAOQ=\" rel=\"nofollow\" target=\"_blank\">Sonalleve<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pVxzQoprQmyJ5mhogZJUldifzpCjI8aUoN1ZMER7CW4zEt0iSICd3qxF-AbVkThtyMUwKiegKrTCnfrfIdu4ju2E5nxB-qZFU5kS_6y_RSA=\" rel=\"nofollow\" target=\"_blank\"><sup>\u00ae<\/sup><\/a>, an MRI-guided therapy that provides a non-surgical treatment option for pain palliation of bone metastases, desmoid tumors, and osteoid osteoma, as well as for common gynecologic conditions including uterine fibroids and adenomyosis. Sonalleve delivers targeted therapy with no incisions, no blood loss during the procedure, no overnight hospital stay, and faster recovery \u2014 and, in gynecologic applications, enables uterine-sparing treatment that may help preserve fertility. Profound is also exploring additional clinical applications for Sonalleve, including non-invasive ablation of abdominal cancers and hyperthermia-based cancer therapies.<\/p>\n<p align=\"justify\">Profound Medical\u2019s technologies are approved across major global markets. TULSA-PRO is cleared by the FDA in the United States for transurethral ultrasound ablation (TULSA) of prostate tissue. In addition, TULSA-PRO is cleared for use in various jurisdictions including Europe, Canada, Saudi Arabia, India, Australia\/New Zealand, and the UAE. Sonalleve is approved by the FDA as HDE in the United States for the treatment of osteoid osteomas in the extremities. Sonalleve is also cleared or approved in the Europe, Canada, China, and Saudi Arabia.<\/p>\n<p align=\"justify\">Through real-time MRI guidance and data-driven innovation, Profound is advancing the future of MRI-guided therapy \u2014 expanding access to precise, personalized, and incision-free treatment options worldwide.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-Looking Statements<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>This release includes forward-looking statements regarding Profound and its business which may include, but is not limited to, the expectations regarding the efficacy of Profound\u2019s technologies for disease conditions requiring MR-Guided ablation procedures for prostate, uterine fibroids, adenomyosis, palliative pain treatment, desmoid tumors, and osteoid osteoma; Profound\u2019s expectations for future revenues\/financial results; and the success of Profound\u2019s commercialization strategy and activities for TULSA-PRO<\/em><br \/>\n        <sup><br \/>\n          <em>\u00ae<\/em><br \/>\n        <\/sup><br \/>\n        <em> and Sonalleve<\/em><br \/>\n        <sup><br \/>\n          <em>\u00ae<\/em><br \/>\n        <\/sup><br \/>\n        <em>. Often, but not always, forward-looking statements can be identified by the use of words such as &#8220;plans&#8221;, &#8220;is expected&#8221;, &#8220;expects&#8221;, &#8220;scheduled&#8221;, &#8220;intends&#8221;, &#8220;contemplates&#8221;, &#8220;anticipates&#8221;, &#8220;believes&#8221;, &#8220;proposes&#8221; or variations (including negative variations) of such words and phrases, or state that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;might&#8221; or &#8220;will&#8221; be taken, occur or be achieved. Such statements are based on the current expectations of the management of Profound. The forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the medical device industry, regulatory approvals, reimbursement, economic factors, the equity markets generally and risks associated with growth and competition. Although Profound has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Other factors and risks that may cause actual results to differ materially from those set out in the forward-looking statements are described in Profound&#8217;s Annual Report on Form 10-K and other filings made with U.S. and Canadian securities regulators, available at <\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IwIeJniqWv9K7ncUjYETlvHbYJQ4sfheOJG1AQ_UIueVYVgIjhsE2pShIpspACCEd8D9-IPEOjxnOAqnC4jo2Up0K358-mDT15jhJ1djj98=\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <em>www.sedarplus.com<\/em><br \/>\n        <\/a><br \/>\n        <em> and <\/em><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IwIeJniqWv9K7ncUjYETlp4Q-k0Htn9pvIWwQ4-phEPjmdjg8sqt5Y1MyRSRcKfJYe4CDe6fQ5g7joJW8FzzhQ==\" rel=\"nofollow\" target=\"_blank\"><br \/>\n          <em>www.sec.gov<\/em><br \/>\n        <\/a><br \/>\n        <em>. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Profound undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, other than as required by law.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>For further information, please contact:<\/strong>\n      <\/p>\n<p align=\"justify\">Stephen Kilmer<br \/>Investor Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KRlhTA6vBJ7wYBodBWVJKVVZsIDe_TSwFwAXCQVlPBMMMG1G1ChSMVprsBLiPzn1OprZ3ECaa2ScYRjFPmeepgXJupl23Y2EmqIsQMDLGi-QZYpXeDqhJz605uYYjeTC\" rel=\"nofollow\" target=\"_blank\">skilmer@profoundmedical.com<\/a>\u00a0\u00a0 <br \/>T: 647.872.4849<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMDYzNiM3Nzc3OTg1IzIwMTg1NDc=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjcwYzhhZjMtMTFmNC00YzM3LWFkZjMtZjIyMmQxOWM0NjE5LTEwMzAxMTktMjAyNi0wOC0xNC1lbg==\/tiny\/Profound-Medical-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) &#8212; Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (\u201cProfound\u201d or the \u201cCompany\u201d), a commercial-stage medical device company that develops and markets innovative interventional MRI (iMRI) procedures, today announced the promotion of Matthew Sobczyk from Corporate Controller to Interim Chief Financial Officer, effective immediately. Mr. Sobczyk, who first joined Profound in 2020, succeeds Rashed Dewan, who has stepped down as the Company\u2019s Chief Financial Officer. \u201cI would like to thank Rashed for his years of service and the contributions he has made to the Company, and I am pleased that he will be staying on a short-term consulting contract to help ensure a smooth transition,\u201d said Profound\u2019s CEO and Chairman, Arun Menawat. \u201cAt the same time, given &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Profound Medical Announces Management Change&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-995651","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Profound Medical Announces Management Change - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Profound Medical Announces Management Change - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) &#8212; Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (\u201cProfound\u201d or the \u201cCompany\u201d), a commercial-stage medical device company that develops and markets innovative interventional MRI (iMRI) procedures, today announced the promotion of Matthew Sobczyk from Corporate Controller to Interim Chief Financial Officer, effective immediately. Mr. Sobczyk, who first joined Profound in 2020, succeeds Rashed Dewan, who has stepped down as the Company\u2019s Chief Financial Officer. \u201cI would like to thank Rashed for his years of service and the contributions he has made to the Company, and I am pleased that he will be staying on a short-term consulting contract to help ensure a smooth transition,\u201d said Profound\u2019s CEO and Chairman, Arun Menawat. \u201cAt the same time, given &hellip; Continue reading &quot;Profound Medical Announces Management Change&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-14T22:03:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMDYzNiM3Nzc3OTg1IzIwMTg1NDc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/profound-medical-announces-management-change\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/profound-medical-announces-management-change\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Profound Medical Announces Management Change\",\"datePublished\":\"2026-08-14T22:03:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/profound-medical-announces-management-change\\\/\"},\"wordCount\":824,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/profound-medical-announces-management-change\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTgxMDYzNiM3Nzc3OTg1IzIwMTg1NDc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/profound-medical-announces-management-change\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/profound-medical-announces-management-change\\\/\",\"name\":\"Profound Medical Announces Management Change - 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(NASDAQ:PROF; TSX:PRN) (\u201cProfound\u201d or the \u201cCompany\u201d), a commercial-stage medical device company that develops and markets innovative interventional MRI (iMRI) procedures, today announced the promotion of Matthew Sobczyk from Corporate Controller to Interim Chief Financial Officer, effective immediately. Mr. Sobczyk, who first joined Profound in 2020, succeeds Rashed Dewan, who has stepped down as the Company\u2019s Chief Financial Officer. \u201cI would like to thank Rashed for his years of service and the contributions he has made to the Company, and I am pleased that he will be staying on a short-term consulting contract to help ensure a smooth transition,\u201d said Profound\u2019s CEO and Chairman, Arun Menawat. \u201cAt the same time, given &hellip; Continue reading \"Profound Medical Announces Management Change\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-14T22:03:45+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMDYzNiM3Nzc3OTg1IzIwMTg1NDc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Profound Medical Announces Management Change","datePublished":"2026-08-14T22:03:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/"},"wordCount":824,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgxMDYzNiM3Nzc3OTg1IzIwMTg1NDc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/profound-medical-announces-management-change\/","name":"Profound Medical Announces Management Change - 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