Lightwave Logic, Inc. (NASDAQ: LWLG) recently announced updates on its executive leadership team. The company extended the term of Chief Executive Officer (CEO) Yves Lemaitre's employment agreement for an additional three years, now effective until December 31, 2028.
Furthermore, the company's Chief Financial Officer (CFO) and Chief Operating Officer (COO) Jim Marcelli has expressed his intention to retire at the end of this year. Lightwave Logic, Inc. has initiated a comprehensive search for Marcelli's replacement, and he will remain in his current capacity through December 31, 2025, as well as a member of the board of directors through the same date.
Ronald A. Bucchi, Chairman of the Board, expressed excitement about the extension of Lemaitre's employment agreement, citing his measurable and significant impact on the company's commercial progress and material readiness since his appointment in December 2024.
Bucchi also extended gratitude for Jim Marcelli's 17 years of service to the company, acknowledging his various roles, including a four-year tenure as president and CEO, which played a central role in the company's ascent to a publicly traded company on the OTCOX and its uplisting to NASDAQ.
Lightwave Logic, Inc. (NASDAQ: LWLG) is a technology platform company pioneering the development of proprietary electro-optic polymers that enable ultra-high-speed data transmission with low power consumption and compact form factors. These materials power next-generation photonic devices for telecommunications, data centers, and emerging AI infrastructure.
The market has reacted to these announcements by moving the company's shares 0.32% to a price of $3.15. For the full picture, make sure to review Lightwave Logic's 8-K report.
