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Quantum Computing, Inc. Announces Retirement of Chief Executive Officer and President Dr. William McGann

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Quantum Computing Inc. (QUBT) announced that CEO and President Dr. William McGann, 67, will retire effective May 12, 2025. The Board has appointed Dr. Yuping Huang as Interim CEO and President while initiating an executive search process.

Dr. McGann, who joined QCi's board in September 2021 and became CEO in February 2024, led key initiatives including the launch of the Dirac-3 quantum optimization machine and the development of the company's chip foundry. Dr. Huang, currently Chairman of the Board and Chief Quantum Officer, brings over 20 years of experience in quantum and optics technology.

Dr. Huang founded QPhoton Inc. (acquired by QCi in June 2022) and serves as the founding director of the Center for Quantum Science and Engineering at Stevens Institute of Technology. He has managed quantum research initiatives worth over $40 million from various government agencies and private sector partners.

Quantum Computing Inc. (QUBT) ha annunciato che il CEO e Presidente, il dott. William McGann, 67 anni, si ritirerà a partire dal 12 maggio 2025. Il Consiglio di Amministrazione ha nominato il dott. Yuping Huang come CEO e Presidente ad interim, avviando nel contempo una ricerca per un nuovo dirigente.

Il dott. McGann, entrato nel consiglio di QCi nel settembre 2021 e diventato CEO nel febbraio 2024, ha guidato iniziative chiave come il lancio della macchina di ottimizzazione quantistica Dirac-3 e lo sviluppo della fonderia di chip dell’azienda. Il dott. Huang, attualmente Presidente del Consiglio e Chief Quantum Officer, vanta oltre 20 anni di esperienza nelle tecnologie quantistiche e ottiche.

Il dott. Huang ha fondato QPhoton Inc. (acquisita da QCi nel giugno 2022) ed è direttore fondatore del Center for Quantum Science and Engineering presso lo Stevens Institute of Technology. Ha gestito iniziative di ricerca quantistica per oltre 40 milioni di dollari provenienti da diverse agenzie governative e partner del settore privato.

Quantum Computing Inc. (QUBT) anunció que el CEO y Presidente, el Dr. William McGann, de 67 años, se retirará efectivo el 12 de mayo de 2025. La Junta Directiva ha designado al Dr. Yuping Huang como CEO y Presidente interino mientras inicia un proceso de búsqueda ejecutiva.

El Dr. McGann, quien se unió a la junta de QCi en septiembre de 2021 y se convirtió en CEO en febrero de 2024, lideró iniciativas clave como el lanzamiento de la máquina de optimización cuántica Dirac-3 y el desarrollo de la fundición de chips de la compañía. El Dr. Huang, actualmente Presidente de la Junta y Chief Quantum Officer, aporta más de 20 años de experiencia en tecnología cuántica y óptica.

El Dr. Huang fundó QPhoton Inc. (adquirida por QCi en junio de 2022) y es director fundador del Centro de Ciencia e Ingeniería Cuántica en el Stevens Institute of Technology. Ha gestionado iniciativas de investigación cuántica por más de 40 millones de dólares provenientes de diversas agencias gubernamentales y socios del sector privado.

Quantum Computing Inc. (QUBT)는 CEO 겸 사장인 윌리엄 맥간 박사(67세)가 2025년 5월 12일부로 은퇴할 것이라고 발표했습니다. 이사회는 임시 CEO 겸 사장으로 황위핑 박사를 임명하고, 새로운 경영진 검색 절차를 시작했습니다.

맥간 박사는 2021년 9월 QCi 이사회에 합류했으며 2024년 2월 CEO가 되어 Dirac-3 양자 최적화 기계 출시와 회사의 칩 파운드리 개발 등 주요 이니셔티브를 이끌었습니다. 현재 이사회 의장이자 최고 양자 책임자인 황 박사는 양자 및 광학 기술 분야에서 20년 이상의 경험을 보유하고 있습니다.

황 박사는 QPhoton Inc.(2022년 6월 QCi에 인수됨)를 설립했으며, Stevens 공과대학의 양자 과학 및 공학 센터 창립 이사로 활동하고 있습니다. 그는 여러 정부 기관과 민간 부문 파트너로부터 4천만 달러 이상의 양자 연구 프로젝트를 관리한 경력이 있습니다.

Quantum Computing Inc. (QUBT) a annoncé que le PDG et président, le Dr William McGann, 67 ans, prendra sa retraite à compter du 12 mai 2025. Le conseil d'administration a nommé le Dr Yuping Huang PDG et président par intérim tout en lançant une recherche de cadre dirigeant.

Le Dr McGann, qui a rejoint le conseil d'administration de QCi en septembre 2021 et est devenu PDG en février 2024, a dirigé des initiatives clés telles que le lancement de la machine d’optimisation quantique Dirac-3 et le développement de la fonderie de puces de l’entreprise. Le Dr Huang, actuellement président du conseil et Chief Quantum Officer, possède plus de 20 ans d’expérience dans les technologies quantiques et optiques.

Le Dr Huang a fondé QPhoton Inc. (acquise par QCi en juin 2022) et est directeur fondateur du Center for Quantum Science and Engineering au Stevens Institute of Technology. Il a géré des projets de recherche quantique d’une valeur de plus de 40 millions de dollars provenant de diverses agences gouvernementales et partenaires du secteur privé.

Quantum Computing Inc. (QUBT) gab bekannt, dass CEO und Präsident Dr. William McGann, 67 Jahre alt, zum 12. Mai 2025 in den Ruhestand treten wird. Der Vorstand hat Dr. Yuping Huang zum interimistischen CEO und Präsidenten ernannt und einen Suchprozess für eine neue Führungskraft eingeleitet.

Dr. McGann, der im September 2021 in den Vorstand von QCi eintrat und im Februar 2024 CEO wurde, leitete wichtige Initiativen wie die Einführung der Dirac-3 Quantenoptimierungsmaschine und die Entwicklung der Chip-Fabrik des Unternehmens. Dr. Huang, derzeit Vorstandsvorsitzender und Chief Quantum Officer, verfügt über mehr als 20 Jahre Erfahrung in Quanten- und Optotechnologie.

Dr. Huang gründete QPhoton Inc. (im Juni 2022 von QCi übernommen) und ist Gründungsdirektor des Center for Quantum Science and Engineering am Stevens Institute of Technology. Er leitete Quantenforschungsprojekte im Wert von über 40 Millionen Dollar, finanziert von verschiedenen Regierungsbehörden und privaten Partnern.

Positive
  • Smooth leadership transition with experienced interim CEO already familiar with company operations
  • Interim CEO Dr. Huang brings substantial government contracting experience and research funding track record ($40M+)
  • Successfully completed chip foundry construction under outgoing CEO
Negative
  • Uncertainty during CEO transition period could impact strategic initiatives
  • Temporary leadership structure until permanent CEO is appointed

Dr. Yuping Huang Named Interim CEO and President

HOBOKEN, N.J., April 16, 2025 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced that the Chief Executive Officer (CEO) and President, Dr. William McGann, 67, has notified the Board his intention to retire effective May 12, 2025, after a distinguished career in the technology sector. As part of the succession plan, the Company's Board of Directors (the "Board") named Dr. Yuping Huang as Interim CEO and President. The Board has formed a committee that will work with an executive search firm to select a new CEO.

Dr. McGann first joined QCi as a member of the board of directors in September 2021 and transitioned to Chief Operating and Technology Officer in January 2022. Since February 2024, he served as CEO and President, where he spearheaded the launch of the Company's Dirac-3 quantum optimization machine, promoted the commercialization of the Company's core technology, and led the development of QCi's chip foundry initiative. Prior to QCi, Dr. McGann served as the Chief Technology Officer for the Security, Detection and Automation business at Leidos Corporation. Previously, he founded Ion Track Instruments, an explosives trace detection company, and held leadership roles as the Chief Technology Officer for GE Security, VP of Engineering for United Technologies Fire and Security business, CEO and board member of Implant Sciences Corp., and the Chief Technology Officer at L3Harris Aviation Security and Detection business. 

Speaking on behalf of the Board, Dr. Yuping Huang, Chairman of the Board and Chief Quantum Officer, commented, "Bill has been an outstanding leader, guiding QCi through a period of substantial progress, particularly in launching new products, expanding our marketing and sales teams, completing the construction of our chip foundry, and strengthening our financial position. We are grateful for his contributions and the strong foundation he has built for the company's future."

Reflecting on his decision to retire as CEO, Dr. McGann stated, "It has been an honor to lead QCi alongside such a dedicated team. Together, we've made strides in advancing the Company's mission and delivering quantum technologies that address real-world problems today. I'm deeply grateful to our employees, shareholders, and partners, and I look forward to continuing to watch the Company's journey of putting photons to work."

Dr. Yuping Huang brings over 20 years of pioneering research and leadership in quantum and optics technology. He currently serves as Chairman of the Board and Chief Quantum Officer for QCi, where he leads the development of the Company's advanced quantum technologies and product roadmap. Prior to QCi, Dr. Huang founded QPhoton, Inc., a company focused on commercializing quantum devices that QCi acquired through a merger in June 2022. He is also the founding director of the Center for Quantum Science and Engineering and the Viola W. and Elbert C. Brinning Endowed Professor at Stevens Institute of Technology. Earlier in his career, he served as a research faculty member and principal investigator at Northwestern University. Dr. Huang has successfully led a portfolio of quantum research initiatives totaling over $40 million in funding from the Department of Defense, the National Science Foundation, NASA, and the Department of Energy, as well as private sector partners. He earned his Ph.D. in quantum atomic, molecular, and optical (AMO) physics in 2009. Contracting with the US government will be a substantial part of Dr. Huang's focus as he leads QCi into the future.

QCi (PRNewsfoto/Quantum Computing Inc.)

About Quantum Computing Inc.

Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.

Company Contact:
Rosalyn Christian/John Nesbett
IMS Investor Relations
qci@imsinvestorrelations.com

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SOURCE Quantum Computing Inc.

FAQ

When will Dr. William McGann retire as CEO of Quantum Computing Inc. (QUBT)?

Dr. William McGann will retire as CEO of Quantum Computing Inc. effective May 12, 2025.

Who is the interim CEO appointed to replace Dr. McGann at QUBT?

Dr. Yuping Huang, the current Chairman of the Board and Chief Quantum Officer, has been appointed as Interim CEO and President.

What major achievements did Dr. McGann accomplish during his tenure at QUBT?

Dr. McGann led the launch of the Dirac-3 quantum optimization machine, promoted technology commercialization, and led the development of QCi's chip foundry initiative.

What is Dr. Yuping Huang's background and experience before joining QUBT?

Dr. Huang founded QPhoton Inc., is the founding director of the Center for Quantum Science and Engineering at Stevens Institute of Technology, and has managed over $40 million in quantum research initiatives.
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