#United States #Board of Directors #Englewood #Lightwave Logic #Frederick Leonberger

Transition Announcement from Lightwave Logic

On January 2, 2025, Lightwave Logic, Inc. (NASDAQ: LWLG) made a significant announcement regarding its Board of Directors. Dr. Frederick J. Leonberger will retire from his position, concluding an impactful eight-year tenure. His retirement will take effect on December 31, 2024, after which he will join the company's Advisory Board.

Dr. Leonberger's service is highly regarded, and the company's Chairman, Ronald Bucci, expressed deep gratitude for Leonberger's contributions over the years. In his statement, Bucci highlighted the invaluable counsel that Leonberger provided, stating, "We are deeply grateful for Fred's commitment to our future success and appreciate his willingness to advise the Company as a member of our Advisory Board. We wish him all the best in his retirement." This transition not only marks the end of an era for Lightwave Logic but also establishes a new phase where Leonberger can continue to influence the company's direction from an advisory capacity.

About Lightwave Logic

Lightwave Logic, Inc. is a pioneering technology company focused on developing advanced electro-optic (EO) polymers. These engineered polymers enable high-speed data transmission with reduced power consumption, making them ideal for telecommunications and applications potentially linked to generative artificial intelligence. The company's innovative approach equips it to meet modern data transmission needs effectively, positioning itself at the forefront of technology adaptation.

The shift to an advisory role is a strategic move, allowing Dr. Leonberger to continue supporting the company's goals with his vast experience while stepping back from the Board's active decision-making process. This change reflects a growing trend in corporate governance where seasoned leaders continue to lend their expertise in advisory roles, ensuring that companies benefit from their knowledge without the pressures of active board membership.

Future Prospects

With Dr. Leonberger's departure from the Board, Lightwave Logic is expected to pursue a refreshed strategy under new leadership. The company aims to enhance its competitive advantage and navigate the complexities of the technology landscape. As it evolves, the focus will likely remain on continuing innovation in photonic EO devices and expanding the applicability of its polymers in various tech sectors.

As the new year unfolds, stakeholders will be keenly watching how these changes impact Lightwave Logic's strategic direction and operational effectiveness. The advisory team, alongside the new leadership, will be instrumental in maintaining the momentum the company has built over the years, particularly in light of the rapid advancements in technology that dictate market dynamics today.

In conclusion, Dr. Frederick J. Leonberger's transition marks a pivotal moment for Lightwave Logic. His influence will undoubtedly continue as he guides the company from his new role. With the leadership team's support, the company is poised to tackle upcoming challenges and seize new opportunities in an ever-evolving tech landscape.