On January 9, 2023, Nevro Corp. announced that D. Keith Grossman intends to retire as Chief Executive Officer and President following the selection of his successor. On April 19, 2023, the Board of Directors (the “Board”) of the Company received a notice from Mr. Grossman that he is retiring as the Company's Chief Executive Officer and President.

In connection with Mr. Grossman's retirement, the Board has appointed Kevin Thornal as Chief Executive Officer and President of the Company. The Company anticipates Mr. Thornal's appointment will be effective April 24, 2023 (the “Appointment Date”) and at such time, Mr. Grossman's resignation will become effective. Mr. Grossman will also be appointed Executive Chairman of the Board on the Appointment Date.

In connection with Mr. Thornal's appointment as Chief Executive Officer and President, the Board will be expanded from nine to ten members and Mr. Thornal will be appointed to fill the vacancy. The Company anticipates the Board increase and Mr. Thornal's appointment to the Board will occur immediately following the Company's 2023 annual stockholder meeting. Prior to his appointment as Chief Executive Officer and President of the Company, Mr. Thornal, 49, most recently served as Group President, Global Diagnostic Solutions at Hologic Inc. from April 2022 until April 2023.

Mr. Thornal joined Hologic in 2014 as Vice President, Customer Experience, Field Service and Clinical Applications for the Breast and Skeletal Health division. He transitioned to Vice President, Breast and Skeletal Health for the Europe, Middle East and Africa region in early 2016, and was promoted to President, Medical Aesthetics in July 2017. In July 2019, he was promoted to President, Diagnostic Solutions where he led the division during the COVID-19 pandemic, rapidly launching three highly accurate molecular diagnostic COVID-19 tests in the fight against the global pandemic.

Prior to Hologic, Mr. Thornal worked at Stryker from 2004 to 2014 in positions of increasing responsibility in sales, marketing and business development. Mr. Thornal received a BA in History, with minors in English and Secondary Education, from Southern Methodist University.