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Maggie Yuen Appointed Chief Financial Officer Of Penumbra

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Penumbra

Penumbra, Inc. (NYSE: PEN), a global healthcare company focused on innovative therapies, today announced the appointment of Maggie Yuen as CFO of Penumbra, effective December 2, 2019.

Ms. Yuen is a seasoned executive with more than 20 years of experience scaling finance organizations, processes, and infrastructure within the Manufacturing, Medical Devices, and Life Science industries. Over the course of her career, she has developed financial and operational expertise at both multi-billion dollar public companies and entrepreneurial start-up ventures. Most recently, Ms. Yuen was at Thermo Fisher Scientific, Inc. (NYSE: TMO) serving as Vice President, Finance of the Genetic Science Division where she directed finance operations, strategic planning and BD activities, among a number of other executive functions.

"We are excited to welcome a leader of Maggie's caliber to Penumbra. She brings key experience and capabilities that will complement our team as we continue to expand our markets, penetration, and global presence," said Sri Kosaraju, President of Penumbra.

"I am looking forward to joining the team at Penumbra, a company with a rich history of innovation and a very promising future for positive patient impact," said Ms. Yuen. "I am excited to work alongside the Penumbra leadership team and contribute to the Company's initiatives to drive future growth and value for its stakeholders."

"Our team has been a critical part of our growth, and developing, retaining, and attracting talent is important to executing on our strategy. Today's announcement, and the addition of Maggie to our team, embodies the best of Penumbra - it is an important step forward in continuing to build our organization and our company. I am excited for Maggie and also for the broader Penumbra team," said Adam Elsesser, Chairman and CEO of Penumbra.

Concurrent with Ms. Yuen's appointment, Sri Kosaraju, who served in the role of President and CFO prior to this appointment, will continue in his role as President. At the same time, Lambert Shiu, who joined Penumbra in 2015 prior to the company's IPO and most recently served as VP of Finance, will be promoted to chief accounting officer.