NEXGEL Welcomes New CFO Joseph F. McGuire to the Team

NEXGEL Strengthens Leadership with New CFO Appointment

NEXGEL, Inc. (NASDAQ: NXGL), renowned for its advanced medical and over-the-counter (OTC) products, has announced a pivotal appointment in its executive lineup. Joseph F. McGuire has officially stepped into the role of Chief Financial Officer, contributing to the company’s vision for sustainable growth and innovation.

A Growth-Focused Leadership Transition

The decision to appoint Mr. McGuire comes at a time when NEXGEL is witnessing significant expansion in its business operations. Adam Levy, the Chief Executive Officer, highlighted the necessity of integrating experienced professionals into their team, especially in critical areas such as operations and finance. He expressed confidence that Mr. McGuire's vast experience will play an essential role in navigating this growth phase effectively.

Before Mr. McGuire's appointment, Adam E. Drapczuk III, who held the CFO position, will transition to a consulting role. His lasting contributions to NEXGEL have laid a strong foundation for the company's continued achievements, and Mr. Levy expressed gratitude for his efforts.

Joseph F. McGuire: A Wealth of Experience

Mr. McGuire arrives at NEXGEL equipped with over 30 years of financial acumen and a proven track record in both private and public sectors. His previous positions include serving as CFO for various companies in the healthcare and finance industries, where he honed skills crucial for NEXGEL’s future.

Notably, he was instrumental in guiding a biotechnology firm through its initial public offering, which established its presence on the NYSE. His expertise encompasses essential areas such as SEC financial reporting and corporate governance, making him an invaluable asset to the team.

Education and Early Career Achievements

Mr. McGuire’s educational background is robust, having earned a Bachelor of Science in Accounting from the University of Notre Dame. His career kicked off at Price Waterhouse, where he became a certified public accountant before advancing to management roles at reputable firms such as Dean Witter Reynolds and Paine Webber, Inc.

Since September 2024, Mr. McGuire has been consulting with NEXGEL, indicating that he has a nuanced understanding of the company’s inner workings and strategic goals.

A Vision for the Future

In his own words, Mr. McGuire expressed enthusiasm about his new role, stating, “It is an exciting time to be part of NEXGEL.” He applauded Mr. Levy and the team's performance and looks forward to collaborating closely to continue this momentum.

About NEXGEL, Inc.

NEXGEL stands out as a premier provider of innovative healthcare, beauty, and OTC products, particularly known for its ultra-gentle, high-water-content hydrogels. With over two decades of experience in developing and manufacturing electron-beam, cross-linked hydrogels, NEXGEL has built a reputation for quality that resonates in its established brands like SilverSeal, Hexagels, and Turfguard. Their strategic partnerships with leading consumer healthcare companies further solidify their position in a competitive market.

Frequently Asked Questions

Who is the new Chief Financial Officer of NEXGEL?

Joseph F. McGuire has been appointed as the new Chief Financial Officer of NEXGEL.

What previous experience does Joseph F. McGuire bring to NEXGEL?

He has over 30 years of financial experience and has served as CFO for various private and public companies in the healthcare and finance sectors.

What was the reason for Adam E. Drapczuk III’s transition?

Adam E. Drapczuk III will move into a consulting role, allowing him to support NEXGEL while pursuing his own consulting business.

What are NEXGEL’s key products?

NEXGEL specializes in healthcare, beauty, and OTC products, particularly high-water-content hydrogels used in various applications.

How does the company plan to grow with this new appointment?

With Mr. McGuire's extensive expertise, NEXGEL aims to navigate its ongoing growth and enhance its operational and financial functions.

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