Lifeward (formerly ReWalk Robotics) said in an SEC filing that Jeff Dykan, current board chair, notified the company that he plans to retire.
Dykan notified the company on June 27 that he does not plan to stand for reelection at the Lifeward 2024 annual general meeting of shareholders. He intends to continue serving until that annual meeting.
Lifeward makes robotic exoskeletons and other physical rehabilitation and recovery devices.
As a result of Dykan’s retirement, the board approved the appointment of Joseph Turk as chair of the board. His appointment goes into effect as of the annual meeting. The board doesn’t expect to nominate a replacement candidate for election at that meeting, according to the filing.
Lifeward said Dykan’s decision to retire does not indicate a dispute or disagreement on matters relating to operations, policies or practices.
“The company extends its deepest gratitude to Mr. Dykan for his distinguished service to the Board and lasting contributions to the company.”
This marks the latest development for Lifeward, which underwent some significant changes in the past year or so. In January, ReWalk officially rebranded to “Lifeward” as it sought to expand its portfolio.
Before the switch, the company made a splash when it acquired anti-gravity technology maker AlterG last August. Just last week, it announced the launch of its new AlterG NEO anti-gravity treadmill for physical rehabilitation.
