Full Press Release Details
Tivic Health Announces Key Executive Appointments
Strengthening Leadership Team
Veronica Cai Appointed to Chief Financial Officer;
Ryan Sabia Promoted to Chief Operating Officer
and Sanjay Ahuja Joined as Senior Vice President, Quality Assurance & Regulatory
SAN FRANCISCO, April 5, 2022 - Tivic
Health Systems, Inc., (Nasdaq: TIVC) ("Tivic Health" or the "Company"), a commercial-phase
health technology company that develops and commercializes bioelectronic medicine, today announced key executive appointments.
Veronica Cai has joined the Company as chief financial officer effective April 1, 2022, Ryan Sabia was promoted to chief
operating officer in December 2021, and Sanjay Ahuja, Ph.D. has joined as senior vice president, quality assurance &
regulatory affairs. Former chief financial officer, Briana Benz, has stepped down to pursue new opportunities.
Ms. Cai brings 25 years of finance and accounting experience
in the medical technology and life sciences industries. Prior to joining the company, Ms. Cai was vice president of accounting
and finance at RefleXion Medical, principal accounting officer and corporate controller at Catalyst Bioscience, Inc.,
director-assistant controller at Zogenix. and senior manager at Ernst & Young.
Mr. Sabia joined the Company last year as vice president of sales
and operations, and was promoted to chief operating officer on December 21, 2021. He has almost two decades of experience in scaling
global omni-channel logistics and marketplaces, supply chains, systems infrastructures, and sales operations in the medical supply, consumer
electronics, health and wellness, and automotive industries. His background includes positions at Fortune 500 companies JP Morgan, BestBuy,
Dr. Ahuja brings over 25 years of extensive experience in global
regulatory affairs, clinical affairs, quality, and compliance and has supported a diverse set of regulated therapeutic products including
evidence-based pharma, devices and biologics. Before joining the Company, Dr. Ahuja served as vice president of product quality at
Intuitive Surgical; vice president of global regulatory and compliance at CooperVision; and senior quality and regulatory leader at ThermoFisher
"I'm thrilled to welcome Veronica and Sanjay to our team,
and to congratulate Ryan on his promotion to chief operating officer," said Jennifer Ernst, chief executive officer of Tivic. "We
believe that their expertise and industry experience in the areas of public company finance, global supply chains, and international regulatory
affairs will greatly enhance our ability to achieve our strategy as we continue to grow our product pipeline in bioelectronic medicine
and expand market access and indications for ClearUP ."
Veronica Cai replaces Briana Benz, who served as chief financial officer
through the Company's IPO. "Briana Benz played a critical role in preparing the Company for our initial public offering and in establishing
our vision as a public company," said Ms. Ernst. "I am grateful for her contributions and guidance and look forward to
her continuing success in her next endeavor."
Tivic Health Systems, Inc. is a commercial-phase health technology
company delivering non-invasive bioelectronic treatments that provide consumers choice in the treatment of inflammation and related conditions.
For more information visit https://tivichealth.com @TivicHealth
Forward-Looking Statements
This press release may contain "forward-looking statements"
that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press
release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words
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"intend," "seek," "may," "might," "plan," "potential," "predict,"
"project," "target," "aim," "should," "will" "would," or the negative
of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements
are based on Tivic Health Systems, Inc.'s current expectations and are subject to inherent uncertainties, risks, and assumptions
that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove
to be accurate. Additional information concerning Tivic Health and its business, including a discussion of factors that could materially
affect the company operating results, is contained in the Company's Annual Report on Form 10-K for the year ended December 31,
2021, filed with the Securities and Exchange Commission on March 31, 2022, under the heading "Risk Factors," as well
as the Company's subsequent filings with the Securities and Exchange Commission. Forward-looking statements contained in this press
release are made as of this date, and Tivic Health Systems, Inc. undertakes no duty to update such information except as required