Photronics, Inc. (Nasdaq: PLAB) has announced the appointment of Christopher J. Lutzo as Vice President, General Counsel, and Corporate Secretary. Lutzo brings over 15 years of experience in commercial, transactional, corporate, securities, and compliance practice areas across diverse and highly regulated industries.
Photronics, a worldwide leader in photomask technologies and solutions, has approximately 1,878 employees as of October 31, 2024, and operates 11 strategically located manufacturing facilities in Asia, Europe, and North America.
This new appointment reflects the company's commitment to strengthening its executive leadership team and legal function to support global operations and growth initiatives. Christopher J. Lutzo's extensive expertise in aligning legal functions with business goals and managing risk is expected to be a valuable asset to the company's shareholders and executive team.
Lutzo's most recent employment was at Crane Company, a manufacturer of highly engineered instruments, controls, and systems in the process flow and aerospace industries headquartered in Stamford, CT. He holds a Juris Doctor from Quinnipiac University in Hamden, CT.
The addition of Lutzo to the executive team is a strategic move by Photronics to enhance its legal capabilities and further align its legal function with its business goals, corporate governance, compliance, and risk management programs. The market has reacted to these announcements by moving the company's shares 1.7% to a price of $24.52. For more information, read the company's full 8-K submission here.
