Lightwave Logic, Inc. provided an update on its executive leadership team, including an extension of the CEO's employment agreement and the retirement announcement of the CFO and COO.
The Board of Directors and CEO Yves LeMaitre reached a definitive agreement to extend Mr. LeMaitre's employment term by three years, now extending until December 31, 2028.
CFO and COO Jim Marcelli informed the board of his retirement at the end of the year, triggering a comprehensive search for his replacement.
CEO Employment Agreement Extension
Yves LeMaitre's employment agreement extended until December 31, 2028, reflecting confidence in his leadership abilities.
CFO & COO Retirement
Jim Marcelli, CFO and COO, to retire at year-end, prompting the company to search for a replacement.
- The extension of the CEO's employment agreement signifies stability and continuity in leadership, crucial for the company's strategic direction.
- The retirement of the CFO and COO marks a transition period requiring careful succession planning and seamless handover of responsibilities.
Lightwave Logic, Inc.'s update on its executive leadership team highlights key changes and demonstrates the company's commitment to leadership continuity and effective transition planning.