Luna Innovations Adds More Bench Strength
21 Junho 2021 - 10:05AM
Business Wire
Appoints Bhaskar Banerjee to SVP & Head
of Strategy
Luna Innovations Incorporated (NASDAQ: LUNA) today announced
that Bhaskar Banerjee has been hired into a newly created position
of Senior Vice President and Head of Strategy, effective
immediately. Reporting directly to Luna President and CEO, Scott A.
Graeff, Banerjee will be a key member of the executive leadership
team. In this role, Banerjee, a technology executive with more than
twenty years of experience in the semiconductor industry, will lead
long-term planning, business and corporate development, and
strategic investments, including acquisitions and divestitures. He
will work closely with senior leaders to identify, analyze and
resolve business challenges and explore strategic opportunities and
partnerships focused on new sources of growth and long-term value
creation as Luna continues to pursue its vision to “Enable the
Future with Fiber”.
“Bhaskar’s track record of defining and executing strategies
based on financial and strategic analyses has resulted in
significant growth in his previous roles,” said Scott Graeff,
President and CEO of Luna Innovations. “As we continue to build out
the leadership at Luna and attract top talent from across the
globe, Bhaskar will make an excellent addition to the executive
management team.”
Graeff continued, “With his vision, business acumen and industry
experience, I’m confident he will help us to anticipate and
interpret market shifts, realize long-term growth opportunities and
drive shareholder value. His unique skill set and perspective will
further expand our thinking not only around organic growth, but
also the use of capital allocation to accelerate our strategy in
the years ahead.”
“With their proprietary measurement technology ideally
positioned to take advantage of today’s market trends, there has
never been a more exciting time to join the Luna team,” said
Banerjee. “I look forward to collaborating with their experienced
leadership team to unlock opportunities that drive growth and
deliver strategic solutions to further enhance the safety, security
and connectivity of people.”
Banerjee has more than two decades of experience and has held
numerous executive and leadership roles, with a focus on corporate
business development and strategic management. He joins us from
Applied Materials (NASDAQ: AMAT) and held senior-level positions at
MACOM Technology Solutions (NASDAQ: MTSI), Cognex (NASDAQ: CGNX)
and Analog Devices (NASDAQ: ADI) in prior years. In his various
roles, he has overseen all aspects of a company’s corporate
development and M&A activities, including identifying
opportunities, developing strategic relationships, completing due
diligence and forming annual strategy processes. He received his BS
and MS degrees in Electrical Engineering from Northeastern
University and an MBA from Cornell University.
About Luna
Luna Innovations, Incorporated (www.lunainc.com) is a leader in
optical technology, providing unique capabilities in
high-performance, fiber optic-based, test products for the
telecommunications industry and distributed fiber optic-based
sensing for the aerospace and automotive industries. Luna is
organized into two business segments, which work closely together
to turn ideas into products: Lightwave and Luna Labs. Luna’s
business model is designed to accelerate the process of bringing
new and innovative technologies to market.
Forward-Looking
Statements
The statements in this release that are not historical facts
constitute “forward-looking statements” made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995 that involve risks and uncertainties. These statements include
those regarding strategic accomplishments and opportunities, talent
acquisition and growth potential. Management cautions the reader
that these forward-looking statements are only predictions and are
subject to a number of both known and unknown risks and
uncertainties, and actual results, performance, and/or achievements
of Luna may differ materially from the future results, performance,
and/or achievements expressed or implied by these forward-looking
statements as a result of a number of factors. These factors
include, without limitation, changes in market needs and
opportunities and technological challenges and other risks and
uncertainties set forth in Luna’s periodic reports and other
filings with the Securities and Exchange Commission (“SEC”). Such
filings are available on the SEC’s website at www.sec.gov and on
Luna’s website at www.lunainc.com. The statements made in this
release are based on information available to Luna as of the date
of this release and Luna undertakes no obligation to update any of
the forward-looking statements after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210621005462/en/
Investor Contact: Allison Woody Luna Innovations
Incorporated Phone: 540.769.8465 Email: woodya@lunainc.com
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