QT Imaging Holdings has appointed Jay Jennings as its new Chief Financial Officer (CFO), effective on September 2. Jennings will succeed current CFO Anastas (Stas) Budagov, who is leaving the company to pursue other finance and accounting opportunities.

Jennings’ executive management career spans close to three decades. He has led two go-public transactions, completed various private and public financings, built and managed finance teams ranging up to a hundred employees, and been involved in 12 business acquisitions.

He was most recently acting CEO and CFO for UpHealth, a global digital health company. Earlier experience includes executive financial roles at consumer online marketplace eHealth and visual computing and graphics company MetaCreation Corp. Before beginning his corporate career in 1996, Jennings was an Audit Manager at Ernst & Young.

“We are delighted to have attracted a financial executive of Jay’s caliber to this key position,” said QT Imaging’s CEO, Dr. Raluca Dinu. “His experience building and managing financial departments for publicly traded companies, as well as leading system implementations focused on driving automation, improved analytics, and cost-savings, will be particularly important as we continue to evolve from a scanner company into a scalable imaging platform, and pursue our planned uplisting to Nasdaq.”

Last month, the company named two new members to its C-Suite, appointing Elaine Iuanow, M.D., as Chief Medical Officer and Kim Du as Senior Director of Clinical Operations.

QT Imaging is a company engaged in research, development, and commercialization of innovative body imaging systems using low frequency sound waves. Earlier this month, the company launched its latest QTviewer, version 2.8. QTviewer stores and displays the QTscan images generated by the company’s FDA-cleared QTI Breast Acoustic CT scanner, the first non-invasive breast imaging technology that provides a true 3D image of the breast anatomy without compression, contrast administration, or harmful ionizing radiation.