Luna Innovations Strengthens Executive Leadership
10 Maio 2010 - 5:57PM
Business Wire
Kent Murphy, Founder, President and Chief Executive Officer
(CEO) of Luna Innovations, and a member of the Board of Directors,
announces changes to the company’s executive leadership team.
Jonathan Cool, current member of the Board of Directors, is
named Acting President and Chief Operating Officer (COO). In this
role, he will lead the overall strategy, direction and
administration of the company, accelerating the evolution in the
Luna Innovations business model to focus on commercialization. Cool
will also maintain his role as a member of the Board of
Directors.
Scott Graeff takes on the role of Chief Commercialization
Officer to bring greater clarity and speed to identifying,
investigating and evaluating market and product growth
opportunities, licensing opportunities and strategic business
alliances in line with the organization’s long-range goals and
business model.
“We believe today’s changes strengthen our leadership team and
allow us to accelerate the advancement of the business model toward
the goal of increasing revenue generation from commercial
activities,” Murphy said.
Murphy continues as CEO for the company and as a member of the
Board of Directors with an enhanced focus on driving innovation and
managing critical relationships with existing and new government
and commercial partners. “I look forward to Jonathan’s increasing
role in the day-to-day management of the company, which will allow
me an enhanced focus in the areas critical to our company’s success
– developing our strategic vision and new innovations, implementing
our strategy and developing and managing key customer
relationships,” he said.
The Board and Dr. Kent Murphy also decided that in the future
there will be a transition of Dr. Murphy from the role of the
company’s principal executive officer to a role that enables Dr.
Murphy to direct more of his time and attention to the company’s
strategic and scientific vision and new innovations and to
developing and managing key customer relationships.
About Luna Innovations:
Luna Innovations Incorporated (http://www.lunainnovations.com)
is focused on sensing and instrumentation, and pharmaceutical
nanomedicines. Luna develops and manufactures new-generation
products for healthcare, telecommunications, energy and defense
markets. The company’s products are used to measure, monitor,
protect and improve critical processes in the markets served.
Through its commercialization business model, Luna continues to be
a leader in transitioning science to solutions. Luna is
headquartered in Roanoke, Virginia.
Forward Looking Statements:
This release may include information that constitutes
"forward-looking statements" made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
Statements that describe the Company's business strategy, goals,
prospects, opportunities, outlook, plans or intentions are also
forward looking statements. Actual results may differ materially
from the expectations expressed in such forward-looking statements
as a result of various factors, including risks and uncertainties
concerning the effective transition of the executive officer roles
and the receptivity of current and potential customers, employees,
stockholders, potential investors, suppliers and other third
parties with whom the company does business to those changes
described herein and those risks set forth in the company's
periodic reports and other filings with the Securities and Exchange
Commission. Such filings are available at the SEC's website at
http://www.sec.gov, and at the company’s website at
http://www.lunainnovations.com. The statements made in this
release are based on information available to the company as of the
date of this release and Luna Innovations undertakes no obligation
to update any of the forward-looking statements after the date of
this release.
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