Accuray hires Steve La Neve as CEO in transformation effort

Leadership Changes - Accuray has appointed Steve La Neve as CEO, effective immediately, as part of a transformation plan aimed at expanding margins and improving competitiveness [2][3] - La Neve succeeds Suzanne Winter, who will retire after six years but will remain in an advisory role until November [2] Strategic Initiatives - The company plans to implement organizational, strategic, and operational actions during the current fiscal year ending in June to drive sustainable, profitable growth [2] - Steven Mayer has been named as the transformation board sponsor to collaborate with La Neve and the management team [4] Financial Performance - Accuray reported preliminary fiscal first-quarter 2026 results, showing an adjusted loss before interest, tax, depreciation, and amortization of approximately $4 million, with revenue between $92.5 million and $94 million [5] - For fiscal year 2025, Accuray reported a loss of $1.6 million, a significant improvement from a net loss of $15.5 million in the previous fiscal year, with a 3% year-over-year revenue increase to $458.5 million [5] Market Challenges - The company has faced challenges over the past year, including slower order demand in the U.S. as hospitals delayed replacing capital equipment [6]