My Size, Inc. has announced the departure of its Chief Growth Officer, Borja Cembrero Saralegui, effective October 31, 2026. This decision, made by the Board of Directors upon the recommendation of the Compensation Committee, marks a significant change in the company's leadership. Cembrero's exit is not attributed to any disagreement regarding the company's operations, policies, or practices.
The company has also entered into a Debt Acknowledgement and Payment Plan Agreement with Cembrero, which was approved by the Board on October 22, 2026. This agreement outlines financial obligations totaling approximately $486,813, which includes severance compensation and other payments related to his departure.
Background
My Size, Inc. operates in the prepackaged software sector, as classified under SIC 7372. The company is listed on the Nasdaq under the ticker symbol MYSZ. My Size focuses on providing innovative software solutions that cater to various market needs. Recent filings indicate that the company has been actively managing its financial and operational strategies to enhance its market position.
What the Filing Says
According to the filing, "On October 22, 2026, the Board of Directors... approved the removal of Borja Cembrero Saralegui from his position as the Company’s Chief Growth Officer, effective October 31, 2026." The filing further details the financial arrangements related to his departure, including a total of €433,150.68 payable to him under the Executive Director Agreement.
Impact
This leadership change may affect the company's strategic direction and operational efficiency. The financial implications of the separation agreement could also impact the company's cash flow and financial planning. Stakeholders, including employees and investors, will be watching closely to see how this transition influences My Size's performance in the competitive prepackaged software industry.
What's Next
The filing does not say what happens next, but the company is expected to continue its focus on refining its leadership structure and addressing its financial commitments as outlined in the recent agreements.