Picard Medical has appointed Dr. Richard Fang as its permanent, full-time Chief Executive Officer, effective October 28, 2026. Dr. Fang, who has served as Interim CEO since June 2026 and remains Chairman of the Board, transitions into the role with no changes to his existing compensation.
Key Details
- Appointment: Dr. Richard Fang was appointed permanent CEO on October 28, 2026. He previously served as Interim CEO since June 18, 2026, and will continue to serve as Chairman of the Board.
- Compensation: Dr. Fang's annual salary remains unchanged at $0.4 million. The appointment involved no new or amended compensation or employment arrangements.
- Related-Party Loans: The filing disclosed that entities affiliated with Dr. Fang have provided the company with loans, including a $0.7 million note at 6% interest and an aggregate of $0.5 million in 0% interest loans.