Lightwave Logic, Inc. Provides Update on its Executive Leadership Team
Lightwave Logic (NASDAQ:LWLG), a provider of high-performance electro-optic polymer materials, announced key leadership changes. CEO Yves LeMaitre has extended his employment agreement through December 31, 2028, reflecting the board's confidence in his leadership since his December 2024 appointment.
Additionally, Jim Marcelli, who serves as both CFO and COO, will retire at the end of 2025 after 17 years with the company. Marcelli will remain on the Board of Directors through December 31, 2025. The company has initiated a comprehensive search for his replacement.
Lightwave Logic (NASDAQ:LWLG), fornitore di materiali polimerici elettro-ottici ad alte prestazioni, ha annunciato cambiamenti chiave nel management. Il CEO Yves LeMaitre ha prolungato il suo contratto di lavoro fino al 31 dicembre 2028, a seguito della fiducia del consiglio nella sua leadership dall'incarico di dicembre 2024.
Inoltre, Jim Marcelli, che ricopre sia il ruolo di CFO sia di COO, si ritirerà entro la fine del 2025 dopo 17 anni in azienda. Marcelli rimarrà nel Consiglio di Amministrazione fino al 31 dicembre 2025. L'azienda ha avviato una ricerca comprensiva per il suo sostituto.
Lightwave Logic (NASDAQ:LWLG), proveedor de materiales poliméricos electro-ópticos de alto rendimiento, anunció cambios clave en su liderazgo. El CEO Yves LeMaitre ha extendido su contrato laboral hasta el 31 de diciembre de 2028, lo que refleja la confianza de la junta en su liderazgo desde su nombramiento en diciembre de 2024.
Además, Jim Marcelli, que funge como CFO y COO, se retirará a finales de 2025 tras 17 años en la empresa. Marcelli permanecerá en la Junta Directiva hasta el 31 de diciembre de 2025. La empresa ha iniciado una búsqueda integral para su reemplazo.
Lightwave Logic (NASDAQ:LWLG)는 고성능 전기광 폴리머 재료를 제공하는 회사로, 주요 리더십 변화가 발표되었습니다. CEO Yves LeMaitre는 2028년 12월 31일까지 고용 계약을 연장했으며, 이는 2024년 12월 임명 이후 그의 리더십에 대한 이사회의 신뢰를 반영합니다.
또한 CFO이자 COO인 Jim Marcelli는 2025년 말 은퇴할 예정이며, 회사에서 17년간 근무했습니다. Marcelli는 2025년 12월 31일까지 이사회에 남아 있습니다. 회사는 그의 후임자에 대한 포괄적 검색을 시작했습니다.
Lightwave Logic (NASDAQ:LWLG), fournisseur de matériaux polymères électro-optiques haute performance, a annoncé des changements clés dans son leadership. Le PDG Yves LeMaitre a prolongé son contrat jusqu’au 31 décembre 2028, reflétant la confiance du conseil dans son leadership depuis sa nomination en décembre 2024.
De plus, Jim Marcelli, qui occupe à la fois les postes de directeur financier et directeur des opérations, prendra sa retraite à la fin de l’année 2025 après 17 ans au sein de l’entreprise. Marcelli restera au conseil d’administration jusqu’au 31 décembre 2025. L’entreprise a lancé une recherche approfondie pour son remplaçant.
Lightwave Logic (NASDAQ:LWLG), ein Anbieter von Hochleistungs-elektrooptischen Polymermaterialien, hat wichtige Führungswechsel bekannt gegeben. CEO Yves LeMaitre hat seine Anstellungsvereinbarung bis zum 31. Dezember 2028 verlängert, was das Vertrauen des Vorstands in seine Führung seit seiner Ernennung im Dezember 2024 widerspiegelt.
Außerdem wird Jim Marcelli, der sowohl CFO als auch COO ist, Ende 2025 nach 17 Jahren im Unternehmen in den Ruhestand treten. Marcelli wird bis zum 31. Dezember 2025 im Vorstand bleiben. Das Unternehmen hat eine umfassende Nachfolgesuche eingeleitet.
Lightwave Logic (NASDAQ:LWLG)، مزود لمواد البوليمر الكهروضوئية عالية الأداء، أعلن عن تغييرات رئيسية في القيادة. قام Yves LeMaitre، المدير التنفيذي، بتمديد عقد عمله حتى 31 ديسمبر 2028، مما يعكس ثقة المجلس في قيادته منذ تعيينه في ديسمبر 2024.
بالإضافة إلى ذلك، سيترك Jim Marcelli، الذي يشغل منصبي المدير المالي ومدير العمليات في آن واحد، منصبه في نهاية عام 2025 بعد 17 عامًا في الشركة. سيبقى Marcelli في مجلس الإدارة حتى 31 ديسمبر 2025. بدأت الشركة بإجراء بحث شامل عن خلفه.
Lightwave Logic (NASDAQ:LWLG)，是一家高性能电光聚合物材料提供商，宣布了关键的人事变动。首席执行官 Yves LeMaitre 已将其任用期限延长至 2028 年 12 月 31 日，这反映了自他在 2024 年 12 月上任以来董事会对其领导的信心。
此外，兼任首席财务官与首席运营官的 Jim Marcelli 将在 2025 年底退休，已在公司工作 17 年。Marcelli 将在董事会任至 2025 年 12 月 31 日。公司已启动对其继任者的全面搜索。
- None.
- Loss of experienced CFO/COO with 17 years of company knowledge
- Potential disruption during leadership transition period
Insights
CEO contract extension signals continuity while CFO/COO retirement creates transitional uncertainty at Lightwave Logic's pivotal commercialization stage.
The extension of CEO Yves LeMaitre's contract through December 2028 represents a vote of confidence from the board during a critical commercialization phase for Lightwave Logic. Despite his relatively short tenure since December 2024, the board's comments suggest LeMaitre has already made "measurable and significant impact" on commercial progress and material readiness, indicating positive momentum in the company's development of electro-optic polymer materials.
More noteworthy is the simultaneous announcement of CFO/COO Jim Marcelli's retirement after 17 years with the company. Marcelli's departure creates potential organizational risk at a critical juncture. As someone who previously served as CEO and helped guide the company from OTC to NASDAQ listing, his institutional knowledge represents significant value that may be difficult to replace. The dual role vacancy (CFO and COO) could create operational challenges as the company transitions leadership during its commercialization phase.
The timing of these announcements—coinciding with what appears to be increased commercial activity in the silicon photonics space—suggests the company is positioning for potential market opportunities while managing a significant leadership transition. The board's emphasis on "commercial readiness" indicates the company may be approaching important revenue milestones after years of technology development.
Investors should monitor how quickly and effectively the company can recruit a qualified replacement for Marcelli's dual role, as this transition period could impact operational execution during a potentially pivotal period for the company's growth trajectory.
Board and CEO Yves LeMaitre reach definitive agreement to extend the term of Mr. LeMaitre's employment agreement
CFO and COO Jim Marcelli to retire at year-end, Company has initiated a search for replacement
ENGLEWOOD, COLORADO / ACCESS Newswire / September 16, 2025 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), a leading provider of high-performance electro-optic (EO) polymer materials, today provided an update on its executive leadership team. The Company announced that the Board of Directors and Chief Executive Officer Yves LeMaitre have signed a definitive agreement to extend the term of Mr. LeMaitre's employment agreement for an additional three years. The current agreement term now extends until December 31, 2028.
The Company also announced that Chief Financial Officer and Chief Operating Officer Jim Marcelli has informed the Board of his intent to retire at the end of this year. The Company has initiated a comprehensive search for Mr. Marcelli's replacement. He will remain with the Company in his current capacity through December 31, 2025, and will remain a member of the Board of Directors through December 31, 2025.
"We are very excited to have reached this agreement with Yves to extend the term of his employment as our CEO," said Ronald A. Bucchi, Chairman of the Board. "Since his appointment to CEO in December 2024, Yves has had a measurable and significant impact on the Company's commercial progress and material readiness. We are highly confident that he is the right leader for Lightwave Logic at this critical time for both the Company and silicon photonics industry."
Mr. Bucchi added, "On behalf of the entire Board, I would also like to extend our gratitude for Jim's 17 years of service to the Company. Jim has held various roles across Lightwave Logic over that time, including a four-year tenure as our President and Chief Executive Officer. His expertise and guidance played a central role in the Company's ascent to a publicly traded company on the OTCOX, and our uplisting to NASDAQ, as well as positioning the Company's technology platform for commercial readiness. We wish Jim all the best in his retirement."
About Lightwave Logic, Inc.
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. Visit www.lightwavelogic.com for more information.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding polymer performance, manufacturing readiness, and potential real-world applications. Words such as "may," "will," "should," "anticipates," "believes," and similar expressions identify such statements. Actual results may differ materially due to risks including technical and manufacturing challenges, reliance on third-party foundries, delays in qualification, funding constraints, market competition, regulatory changes, and other risks described in Lightwave Logic's filings with the SEC, including the "Risk Factors" section of its most recent Form 10-K and Form 10-Q.
Contacts:
Ryan Coleman or Nick Teves
Alpha IR Group for Lightwave Logic
lwlg@alpha-ir.com
312-445-2870
SOURCE: Lightwave Logic
View the original press release on ACCESS Newswire
FAQ
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