Laser Photonics Appoints William J. Campbell as Interim CFO

Rhea-AI Summary

Laser Photonics Corporation (NASDAQ:LASE) announced the appointment of William J. Campbell as interim chief financial officer, effective immediately. Campbell brings substantial experience as a former divisional CFO at an $8 billion automotive firm, which is expected to aid the company in leveraging growth opportunities in the $46 billion CleanTech laser systems market. CEO Wayne Tupuola expressed confidence that Campbell’s expertise will have a significant impact as the company pursues market penetration. Campbell's background includes leadership roles in supply chain management and internal auditing, along with being a registered CPA. His addition signals a strategic move to strengthen the financial leadership of the organization.

Positive

• William J. Campbell's appointment brings significant experience that could enhance financial leadership.
• Campbell's past role as a divisional CFO at an $8 billion company suggests he could help in navigating the $46 billion CleanTech laser systems market.

Negative

• The interim designation may raise concerns about continuity in financial strategy.

ORLANDO, FL / ACCESSWIRE / April 11, 2023 / Laser Photonics Corporation (NASDAQ:LASE), ("LPC"), a leading global developer of CleanTech laser systems for laser cleaning and other materials applications, today announced William J. Campbell joined the Company as interim chief financial officer, effective immediately.

Wayne Tupuola, CEO of Laser Photonics commented: "I'd like to welcome Bill to the Laser Photonics team. Bill brings significant experience as a divisional CFO at an $8 billion automotive company, and I expect his experience and skills will play a significant role as we penetrate the $46 billion market for our CleanTech laser systems."

"I'm excited to join Laser Photonics as it addresses a significant opportunity to disrupt existing corrosion controls processes with its CleanTech systems," said Campbell. "I look forward to helping build out the infrastructure to support this growth opportunity in the years to come."

Campbell most recently served as the division CFO for the Americas at Autoliv, an $8 billion provider of automotive safety products. Prior to this role, he served as vice president of supply chain management and as an internal auditor for a company that was acquired by Autoliv. Earlier in his career, he worked for KPMG in its audit and tax services business.

Campbell holds both a master's degree from Utah State University and bachelor's degree from Illinois State University. He is also a registered CPA in Illinois.

Cautionary Note Concerning Forward-Looking Statements
This press release contains "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company's plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve several risks and uncertainties, which may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. These risks include, without limitation, those described under the caption "Risk Factors" in the Registration Statement. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations.

About Laser Photonics Corporation
Laser Photonics is a vertically-integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. LPC seeks to disrupt the $46 billion, centuries old, sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. LPC's new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental, and regulatory issues associated with the old methods. As a result, LPC has quickly gained a reputation as an industry leader for industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aerospace, automotive, defense, energy, industrial, maritime, space exploration and shipbuilding industries are using LPC's "unique-to-industry" systems. For more information, visit www.laserphotonics.com.

Investor and Public Relations Contact:
laser@haydenir.com

SOURCE: Laser Photonics Corp.

View source version on accesswire.com:
https://www.accesswire.com/748466/Laser-Photonics-Appoints-William-J-Campbell-as-Interim-CFO

FAQ

Who is the new interim CFO of Laser Photonics?

William J. Campbell has been appointed as the interim chief financial officer of Laser Photonics.

What experience does William J. Campbell bring to Laser Photonics?

William J. Campbell has significant experience as a divisional CFO at an $8 billion automotive company and has held various leadership roles in finance.

What market is Laser Photonics targeting with their CleanTech systems?

Laser Photonics is targeting the $46 billion market for CleanTech laser systems.

What are the potential impacts of Campbell's appointment on Laser Photonics?

Campbell's extensive experience may facilitate growth and strategic financial management for the company.

When did William J. Campbell start his role as interim CFO?

William J. Campbell's role as interim CFO became effective immediately on April 11, 2023.