Senseonics (NYSE:SENS) announced that its chief financial officer, Nick Tressler, is transitioning from his position at the CMG company..

Tressler’s transition is effective as of yesterday, Sept. 1, 2022. Senseonics selected VP of Finance, Rick Sullivan, to succeed Tressler as CFO.

In an effort to ensure an orderly change, Tressler will remain with the company in a supporting role. He will support the continuous glucose monitor (CGM) developer through the end of the year, according to a news release.

“Having worked with Rick for over nine years, he has proven to be an integral part of our team and holds an exceptional track record of delivering value and supporting the long-term strategic vision of Senseonics,” said Tim Goodnow, president and CEO at Senseonics. “I am confident his leadership ability will drive our operational and financial performance forward.”

Sullivan held the role of VP of finance since October 2020. Before Senseonics, he served as principal at Hike Financial and CFO at RoosterBio. He also served as treasurer and controller and in progressive finance positions with the company.

“On behalf of the Senseonics team, I want to thank Nick for his dedication and expertise over the past three and a half years,” said Goodnow. “He played a key role in supporting our strategic initiatives to create value, building our finance and accounting function, and strengthening the Company’s balance sheet. We wish him well in his future endeavors.”