VisionWave Holdings, Inc. has made significant leadership changes as of March 13, 2026. The Board of Directors has appointed Eric T. Shuss as the new Chief Operating Officer (COO) and Douglas Davis has been elevated from Interim Chief Executive Officer (CEO) to the permanent CEO position. These appointments come as part of the company's strategic efforts to enhance operational efficiency and drive growth. Shuss's employment agreement includes a base salary of $120,000, which could increase to $240,000 contingent upon the company achieving $3 million in revenue within any 90-day period. Additionally, he is eligible for an annual performance bonus and has been granted stock options to purchase 500,000 shares of common stock. Meanwhile, Davis's role has been formalized with an amendment to his employment agreement, which includes a milestone-based equity bonus tied to the company's performance metrics. The Board also accepted Shuss's resignation from his position as Lead Independent Director, appointing Atara Dzikowski to the Audit and Compensation Committees and Chuck Hansen as the Independent Lead Director. These changes reflect VisionWave's commitment to strong governance and operational excellence as it navigates its growth trajectory.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.