SS Innovations Taps Sarah M. Romano as CFO with $440K Salary and 750K Options
SSII sits 17% above its 52-week low of $3.11.
Summary
Effective August 3, 2026, Sarah M. Romano becomes CFO of SS Innovations, filling the role vacated in May. Her package includes a $440,000 salary, 40% bonus target, and 750,000 stock options. She brings deep medtech and capital-raising experience as the company pursues FDA approval and manages liquidity pressures.
Key Events · Executive and Board Changes · SSII
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New CFO Appointed
Effective August 3, 2026, Sarah M. Romano takes over as CFO, succeeding Milan Rao, who resigned in May 2026. Romano previously served as CFO of Vicarious Surgical and other medtech firms.
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Compensation Package
The employment agreement provides a $440,000 base salary, a 40% target annual bonus, and 750,000 stock options that vest over three years — 250,000 on the first anniversary, then monthly thereafter.
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Strategic Context
With over $100 million raised in prior roles, Romano's capital markets experience supports SS Innovations' pursuit of U.S. FDA approval for its SSi Mantra system and ongoing funding needs amid a going concern warning and an active $50 million ATM program.
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Indemnification Agreement
The company will enter into an indemnification agreement with Romano, providing standard protections for officers.
Analysis · SSII · Industrial Applications And Services
The CFO vacancy left by Milan Rao's May 2026 resignation is now filled, with Sarah M. Romano stepping into the role effective August 3. She brings over two decades of medtech finance experience, most recently as CFO of Vicarious Surgical. Her compensation package includes a $440,000 base salary, a 40% target bonus, and 750,000 stock options vesting over three years. The hire stabilizes the finance function during a critical period — the company is pursuing U.S. FDA approval for its SSi Mantra surgical robot while managing a going concern warning and an active $50 million ATM program. Romano's capital markets track record (over $100 million raised) aligns with the company's near-term funding needs.
At the time of this filing, SSII was trading at $3.64 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $728.5M. The 52-week trading range was $3.11 to $10.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.