Innventure Appoints Eric Stober as CFO; Co. Implements Cost Reductions Expected To Lower Quarterly Parent-Level Cash Expenses To ~$3.2M By Year-End 2026

CEO Bill Grieco directs Innventure’s focus on increasing the value of Accelsius

Parent-level cash expenses expected to significantly decline

Eric Stober to join as new CFO to guide strategic transformation

Michael Madon appointed as new independent director to replace Michael Otworth

ORLANDO, Fla., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Innventure, Inc. (NASDAQ:INV) ("Innventure" or the "Company") today announced that it is concentrating on increasing the value of its interest in Accelsius, streamlining the parent organization to control costs while retaining the core capabilities to operate effectively as a public company, and enhancing the composition of its Board of Directors (the "Board") to ensure greater independence.

Under the leadership of CEO Bill Grieco and Chairman Bruce Brown, the Board has undertaken the following:

• Reoriented Innventure to primarily focus on Accelsius achieving success in the market.
• Implemented cost reductions that are expected to lower quarterly parent-level cash expenses to approximately $3.2 million by year-end 2026, subject to exceptions outlined below, compared to $7.5 million at the beginning of 2026.
• Appointed Eric Stober as the Company’s new Chief Financial Officer to guide strategic transformation.
• Appointed Michael Madon to the Board as an independent director, bringing technology commercialization, AI, and cybersecurity expertise.
• Further enhanced the independence of the Board through the resignations of Michael Otworth and John Hewitt from their positions on the Board.
• Reduced the size of the Board from eight to seven directors, six of whom will be independent.