TransMedics will appoint Fernando Araujo as chief financial officer and treasurer on September 21, with a $590,000 annual base salary, replacing Gerardo Hernandez. The transition matters to investors because TransMedics also reaffirmed 2026 Revenue guidance of $737 million to $757 million, equal to approximately 22% to 25% year-over-year growth.

Key Highlights

  • Fernando Araujo will become TransMedics’ chief financial officer and treasurer on September 21, 2026, with a $590,000 annual base salary.
  • Fernando Araujo will receive a $200,000 cash sign-on Bonus and initial stock awards valued at approximately $1,750,000 each.
  • Gerardo Hernandez will remain a non-executive employee through December 31 before serving as a senior advisor until April 30, 2027.

TransMedics Group, Inc. (NASDAQ: TMDX) will appoint Fernando Araujo as chief financial officer and treasurer on September 21, with an annual base salary of $590,000. He will succeed Gerardo Hernandez, who has held the CFO post since 2024.

Araujo’s Compensation and Hernandez Transition

The employment arrangements also provide severance benefits for qualifying terminations, change-in-control protections and continued health coverage. Araujo will be subject to confidentiality, intellectual property, non-competition and non-solicitation provisions after employment ends. Hernandez will remain a non-executive employee through December 31 while continuing to receive an annual base salary of $535,000 and eligibility for the 2026 annual bonus. He will then serve as a non-employee senior advisor through April 30, 2027, with outstanding Equity awards continuing to vest and no additional remuneration for advisory services.