Blaize Holdings (BZAI) announced the appointment of Martin Costas as its new Chief Operations Officer and Chief Financial Officer, effective November 2, 2026. The appointment follows the decision by the current CFO, Harminder Sehmi, to retire. Sehmi will remain with the company through November 30, 2026, to facilitate a smooth transition.
Key Details
- New Executive & Compensation: Martin Costas will receive an annual base salary of $425,000 and a performance bonus of up to 50% of his salary tied to specific capital raising milestones.
- Financing-Tied Bonus: The bonus is contingent on the company raising net proceeds of $10 million by December 31, 2026, and an additional $50 million by June 30, 2027.
- Equity Awards: Costas will be granted time-vesting stock options for 4,787,837 shares and performance-vesting options for 2,393,918 shares, with the latter tied to achieving and sustaining a market capitalization of at least $500 million for 60 consecutive days.