Accuray Appoints Michael Murphy as VP, Corporate Controller

ARAY 10.21.2024

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MADISON, Wis.,Oct. 21, 2024/PRNewswire/ --Accuray Incorporated(NASDAQ: ARAY) announced today thatMichael Murphy, CPA has joined the company as Vice President, Corporate Controller.Mr. Murphywill be responsible for leading the global accounting function including corporate tax, regulatory reporting, accounting policies, and risk management, along with associated budgetary and administrative operations. He will report toAccuraySenior Vice President & Chief Financial OfficerAli Pervaiz. The company also expects to appointMr. Murphyto the position of principal accounting officer following the filing of the company's quarterly report on Form 10-Q for the period endedSeptember 30, 2024.

Accuray Incorporated (PRNewsFoto/Accuray Incorporated) (PRNewsFoto/Accuray Incorporated)

Mr. Murphybrings more than 15 years of finance and accounting expertise to his new role atAccuray, most recently serving as Vice President, Chief Accounting Officer andTreasuryat Duluth Holdings Inc. During his tenure with the organization,Mr. Murphysuccessfully led teams involved with accounting, controller and treasury functions, while introducing multiple corporate cost savings initiatives. Earlier in his career,Mr. Murphyheld the roles of Chief Accounting Officer and Vice President - Assistant Controller, respectively, at financial institutions First Business Financial Services, Inc. andBanco Popular North America. He also has extensive public accounting experience having assumed positions of increasing responsibility while employed atKPMG, LLP.

"I couldn't be more pleased to announce that Mike has joined theAccurayteam. He is a highly experienced financial controller and accountant with a career spanning a diverse range of industries. Mike has delivered value in each role he's held and has the business acumen required to support the achievement of our company's revenue and profitability goals. I look forward to both his partnership and leadership in driving seamless execution that meets the strategic demands of the organization," saidAli Pervaiz, Senior Vice President & Chief Financial Officer atAccuray.

"I was initially inspired and drawn toAccuray'svision and the company's focus on constant innovation to improve as many cancer patients' lives as possible. As I had the opportunity to meet people throughout the organization, the value placed on collaboration and continuous improvement resonated with me. It is a culture that I am excited to be a part of," saidMichael Murphy, Vice President, Corporate Controller atAccuray.

AboutAccurayAccurayis committed to expanding the powerful potential of radiation therapy to improve as many lives as possible. We invent unique, market-changing solutions that are designed to deliver radiation treatments for even the most complex cases—while making commonly treatable cases even easier—to meet the full spectrum of patient needs. We are dedicated to continuous innovation in radiation therapy for oncology, neuro-radiosurgery, and beyond, as we partner with clinicians and administrators, empowering them to help patients get back to their lives, faster.Accurayis headquartered inSunnyvale, California, with facilities worldwide. To learn more, visitwww.accuray.comor follow us onFacebook,LinkedIn,X, andYouTube.

Media ContactBeth KaplanAccuray+1 (408) 789-4426bkaplan@accuray.com

Investor ContactAman Patel, CFAInvestor Relations, ICR-Westwicke+1 (443) 450-4191aman.patel@westwicke.com

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SOURCEAccuray Incorporated

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