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Tactile Medical Appoints Sherri Ferstler as Senior Vice President of Sales MINNEAPOLIS

Key Takeaway: Tactile Medical has appointed Sherri Ferstler as the new Senior Vice President of Sales, effective July 31, 2023. She succeeds Eric Pauls, who is resigning from the company. Ferstler brings extensive experience, having spent over 25 years in the healthcare industry, including significant roles at Johnson & Johnson Vision. Her leadership background in sales is anticipated to enhance the company's performance and growth capabilities.

Market Sentiment Analysis

POSITIVE FACTORS

  • Sherri Ferstler has over 25 years of experience in the healthcare industry.
  • Her appointment is seen as enriching Tactile Medical's executive leadership team.
  • Ferstler's previous roles include leading large sales teams and successful product launches.

Full Press Release Details

Tactile Medical Appoints Sherri Ferstler as
Senior Vice President of Sales
18, 2023 (GLOBE NEWSWIRE) -Tactile Systems Technology, Inc. ("Tactile Medical") (Nasdaq: TCMD), a medical
technology company providing therapies for people with chronic disorders, today announced the appointment of Sherri Ferstler to the position
of Senior Vice President of Sales, effective July 31, 2023. Ms. Ferstler will succeed Eric Pauls, who will be resigning from the Company,
effective July 28, 2023.
"Sherri is a strategic leader with over
25 years of experience in the healthcare industry and a successful history of developing and leading high-performance teams at scale,"
said Dan Reuvers, President and Chief Executive Officer of Tactile Medical. "Sherri brings extensive executive sales leadership
experience, most recently within Johnson & Johnson Vision, where she led a team of over 325. She's proven herself as a strong
developer of teams that deliver high-growth results on both the top and bottom-line. She's
led multiple successful product launches, resourcefully used data to expand field-productivity and proven herself as a coach at multiple
levels. Adding Sherri further enriches our executive leadership team, our ability to build and operate at scale, and our ability to lead
change and expand productivity."
Mr. Reuvers continued: "I also want to thank
Eric for his contributions to Tactile Medical and the patients with chronic conditions that we serve."
Prior to joining Tactile Medical, Ms. Ferstler
served as Vice President Sales, North America for Johnson & Johnson Vision since 2016 (NYSE: JNJ). In this position, Ms. Ferstler
led the field & inside sales teams, strategic accounts & training functions selling Acuvue brand contact lenses across multiple
Ms. Ferstler began her career in 1992 with Parke-Davis
Pharmaceuticals where she served in a variety of sales, sales management and training and development roles. She joined Pfizer in 2000,
serving as a district sales manager for all branded pharmaceutical products until 2003, then as Director of Division Operations and as
a regional manager for Pfizer's Urology and Respiratory product portfolios. From 2007 to 2016, Ms. Ferstler led regional and national
sales teams for Endo Pharmaceuticals, Bayer Diabetes Care and Mylan Pharmaceuticals. Ms. Ferstler holds Bachelor of Arts in Psychology
from the State University of New York College at Buffalo.
About Tactile Systems Technology, Inc. (DBA Tactile Medical)
Tactile Medical is a leader in developing and
marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous insufficiency
and chronic pulmonary disease by helping them live better and care for themselves at home. Tactile Medical collaborates with clinicians
to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality of life
for tens of thousands of patients each year.
Legal Notice Regarding Forward-Looking Statements
This release contains forward-looking statements.
Forward-looking statements are generally identifiable by the use of words like "may," "will," "should,"
"could," "expect," "anticipate," "estimate," "believe," "intend,"
"continue," "confident," "outlook," "guidance," "project," "goals,"
"look forward," "poised," "designed," "plan," "return," "focused,"
"prospects" or "remain" or the negative of these words or other variations on these
words or comparable terminology.
The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors
and uncertainties outside of the Company's control that can make such statements untrue, including, but not limited to, the impacts
of inflation, rising interest rates or a recession; the adequacy of the Company's liquidity to pursue its business objectives; the
Company's ability to obtain reimbursement from third-party payers for its products; adverse economic conditions or intense competition;
price increases for supplies and components; wage and component price inflation; loss of a key supplier; entry of new competitors and
products; compliance with and changes in federal, state and local government regulation; loss or retirement of key executives, including
prior to identifying a successor; technological obsolescence of the Company's products; technical problems with the Company's
research and products; the Company's ability to expand its business through strategic acquisitions; the Company's ability
to integrate acquisitions and related businesses; the impacts of the COVID-19 pandemic on the Company's business, financial condition
and results of operations, and the Company's inability to mitigate such impacts; the effects of current and future U.S. and foreign
trade policy and tariff actions; or the inability to carry out research, development and commercialization plans. In addition, other factors
that could cause actual results to differ materially are discussed in the Company's filings with the SEC. Investors and security
holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov. The Company undertakes no obligation
to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Frequently Asked Questions

Who is the new Senior Vice President of Sales at Tactile Medical?

Sherri Ferstler has been appointed as the Senior Vice President of Sales.

When does Sherri Ferstler's new role at Tactile Medical begin?

Her new role will take effect on July 31, 2023.

Who did Sherri Ferstler succeed at Tactile Medical?

She succeeds Eric Pauls, who is resigning effective July 28, 2023.

What was Sherri Ferstler's role prior to Tactile Medical?

She served as Vice President Sales, North America for Johnson & Johnson Vision.

What experience does Sherri Ferstler bring to Tactile Medical?

She has over 25 years of healthcare industry experience and executive sales leadership.

Last updated: Jul 18, 2023