Lightwave Logic to Focus on Execution of its Strategic Plan Under Refreshed Leadership Team; Appoints Yves LeMaitre as CEO and Thomas E. Zelibor as President
Lightwave Logic (NASDAQ: LWLG) announced significant leadership changes to accelerate its strategic initiatives. The Board appointed Yves LeMaitre as CEO and former CEO Thomas E. Zelibor as President, while Ronald Bucchi becomes non-executive independent Chairman. These changes follow Dr. Michael Lebby's retirement as Chairman and CEO.
The restructuring aims to expedite product commercialization, particularly in AI and datacenter networking, and expand applications for the company's proprietary electro-optic polymer materials. The new management team will focus on establishing commercial partnerships, streamlining R&D, managing costs, and improving competitiveness. The company has also engaged Alpha IR Group as its investor relations advisor.
Lightwave Logic (NASDAQ: LWLG) ha annunciato significativi cambiamenti nella leadership per accelerare le sue iniziative strategiche. Il Consiglio di Amministrazione ha nominato Yves LeMaitre come CEO e l'ex CEO Thomas E. Zelibor come Presidente, mentre Ronald Bucchi diventa Presidente indipendente non esecutivo. Questi cambiamenti seguono il ritiro del Dr. Michael Lebby dalla carica di Presidente e CEO.
La ristrutturazione mira a velocizzare la commercializzazione dei prodotti, in particolare nel settore AI e networking dei datacenter, ed espandere le applicazioni dei materiali poliomerici elettroottici proprietari dell'azienda. Il nuovo team dirigenziale si concentrerà sulla creazione di partnership commerciali, sul razionalizzazione della R&D, sulla gestione dei costi e sul miglioramento della competitività. L'azienda ha anche ingaggiato Alpha IR Group come consulente per le relazioni con gli investitori.
Lightwave Logic (NASDAQ: LWLG) anunció cambios significativos en su liderazgo para acelerar sus iniciativas estratégicas. La Junta designó a Yves LeMaitre como CEO y al ex CEO Thomas E. Zelibor como Presidente, mientras que Ronald Bucchi se convierte en Presidente independiente no ejecutivo. Estos cambios siguen a la jubilación del Dr. Michael Lebby como Presidente y CEO.
La reestructuración tiene como objetivo acelerar la comercialización de productos, particularmente en IA y redes de centros de datos, y expandir las aplicaciones de los materiales poliméricos electro-ópticos de la empresa. El nuevo equipo de gestión se centrará en establecer asociaciones comerciales, optimizar la I+D, gestionar costos y mejorar la competitividad. La empresa también ha contratado a Alpha IR Group como su asesor de relaciones con inversores.
라이트웨이브 로직 (NASDAQ: LWLG)는 전략적 이니셔티브를 가속화하기 위해 중요한 리더십 변화를 발표했습니다. 이사회는 이브 르메트르를 CEO로, 전 CEO 토마스 E. 제리보르를 회장으로 임명하고, 로널드 부키는 비이사 독립 회장이 되었습니다. 이러한 변화는 마이클 레비 박사의 회장 및 CEO직 은퇴에 따른 것입니다.
재편성은 주로 AI 및 데이터 센터 네트워킹 분야에서 제품 상용화를 가속화하고 회사의 고유 전자광학 폴리머 재료의 응용 프로그램을 확장하는 것을 목표로 합니다. 새로운 경영진 팀은 상업적 파트너십 구축, 연구개발 최적화, 비용 관리 및 경쟁력 향상에 집중할 것입니다. 회사는 또한 투자자 관계 자문으로 Alpha IR Group을 고용했습니다.
Lightwave Logic (NASDAQ: LWLG) a annoncé d'importants changements de direction afin d'accélérer ses initiatives stratégiques. Le Conseil d'administration a nommé Yves LeMaitre en tant que CEO et l'ancien CEO Thomas E. Zelibor en tant que Président, tandis que Ronald Bucchi devient Président non-exécutif indépendant. Ces changements suivent la retraite du Dr. Michael Lebby en tant que Président et CEO.
La restructuration vise à accélérer la commercialisation des produits, notamment dans le domaine de l'IA et du réseautage des centres de données, et à élargir les applications des matériaux polymériques électro-optiques de l'entreprise. La nouvelle équipe de direction se concentrera sur l'établissement de partenariats commerciaux, l'optimisation de la R&D, la gestion des coûts et l'amélioration de la compétitivité. L'entreprise a également engagé Alpha IR Group comme conseiller en relations investisseurs.
Lightwave Logic (NASDAQ: LWLG) hat bedeutende Veränderungen in der Führung angekündigt, um seine strategischen Initiativen zu beschleunigen. Der Vorstand hat Yves LeMaitre zum CEO und den ehemaligen CEO Thomas E. Zelibor zum Präsidenten ernannt, während Ronald Bucchi zum unabhängigen, nicht-executive Vorsitzenden wird. Diese Veränderungen folgen auf den Rücktritt von Dr. Michael Lebby als Vorsitzender und CEO.
Die Umstrukturierung zielt darauf ab, die Produktvermarktung zu beschleunigen, insbesondere im Bereich KI und Datacenter-Netzwerke, und die Anwendungen der firmeneigenen elektro-optischen Polymermaterialien auszubauen. Das neue Managementteam wird sich darauf konzentrieren, kommerzielle Partnerschaften aufzubauen, die Forschung und Entwicklung zu optimieren, Kosten zu managen und die Wettbewerbsfähigkeit zu verbessern. Das Unternehmen hat außerdem die Alpha IR Group als Berater für Investor Relations engagiert.
- Strategic leadership restructuring to accelerate commercialization efforts
- Appointment of experienced optical communications industry veteran as CEO
- Focus on expanding into AI and datacenter networking markets
- Enhanced focus on cost management and operational efficiency
- Unexpected CEO retirement indicates potential strategic shift uncertainty
- Multiple simultaneous leadership changes may cause temporary operational disruption
New Management Team to Expedite Product Commercialization, Pursue New Applications for Proprietary Polymer Materials, and Seize Growth Opportunities Presented by AI
To provide leadership for this new stage of the company's growth, the Board of Directors of Lightwave Logic has named optical communications industry veteran Yves LeMaitre as Chief Executive Officer and former CEO and Chairman Thomas E. Zelibor as President of the Company. The Board has appointed Ronald Bucchi, current lead independent director, as its new non-executive independent Chairman. James S. Marcelli serves as Chief Financial Officer and Chief Operating Officer. Dr. Michael Lebby has retired as Chairman and Chief Executive Officer of Lightwave Logic, effective December 10, 2024.
Ron Bucchi, Chairman of the Board, said: "We are committed to taking the necessary steps for our business to continue to evolve and grow. The Board is grateful for all Michael Lebby has accomplished in positioning Lightwave Logic's best-in-class organic polymer materials at the forefront of next generation photonics and high-speed interconnects. As we advance our commercialization efforts to achieve the Company's operational and financial goals and increase shareholder value, the Board and Michael agreed that the time is right for new leadership with the experience and business acumen commensurate with this new phase of our company. We appreciate Michael's support to facilitate an orderly transition in the coming months and wish him success in his future endeavors."
Mr. Bucchi added: "We are delighted that Yves LeMaitre is joining and Tom Zelibor is rejoining the management team, with the focus, rigor, and excellence they bring to their roles. Yves is a member of the Board, and a well-regarded business and optical communications executive with extensive global technology and customer experience. He will be instrumental in expanding the Company's presence into multiple verticals and establishing the necessary commercial and strategic partnerships across a range of industries.
"As our former CEO and Chairman, Tom knows Lightwave Logic's teams and shareholder base well. With his proven track record of operational transformation and excellence, he is the ideal person to step into this role and drive the changes we need," concluded Mr. Bucchi.
Mr. LeMaitre said, "I am excited to have the opportunity to lead this organization at such a time of change and opportunity. Lightwave Logic is uniquely positioned to become a critical supplier of solutions for the generative AI market. We believe the disruptive performance benefits of our materials can enable the fast and energy-efficient scaling of AI back-end and datacenter front-end networks. Our team also will continue to prioritize relationships with Tier One customers for licensing and selling our polymer modulators."
For Mr. LeMaitre's full bio, please visit https://www.lightwavelogic.com/leadership/board-of-directors/executive-team/.
Rear Admiral USN (Ret.) Zelibor commented, "I look forward to being back on-site in
For Rear Admiral USN (Ret.) Zelibor's full bio, please visit https://www.lightwavelogic.com/leadership/board-of-directors/executive-team/.
The Company intends to provide updates as the management team establishes themselves in their roles. In addition, Lightwave Logic has engaged Alpha IR Group, the
About Lightwave Logic, Inc.
Lightwave Logic, Inc. (NASDAQ: LWLG) www.lightwavelogic.com is a technology platform company leveraging its proprietary engineered electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor. The Company's high activity and high stability organic polymers allow it to create next-generation photonic EO devices that convert data from electrical signals into light/optical signals for applications in telecommunications, and for data transmission potentially used to support generative AI.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; changes in technology and methods of marketing; delays in completing various engineering and manufacturing programs; changes in customer order patterns; changes in product mix; success in technological advances and delivering technological innovations; shortages in components; production delays due to performance quality issues with outsourced components; those events and factors described by us in Item 1.A "Risk Factors" in our most recent Form 10-K and 10-Q; other risks to which our company is subject; other factors beyond the company's control.
Contacts:
Ryan Coleman or Nick Teves
Alpha IR Group for Lightwave Logic
lwlg@alpha-ir.com
312-445-2870
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SOURCE Lightwave Logic, Inc.
FAQ
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