Lightwave Logic CFO, COO Jim Marcelli to retire

Lightwave Logic (LWLG) provided an update on its executive leadership team. The company announced that the board of directors and CEO Yves LeMaitre have signed a definitive agreement to extend the term of LeMaitre’s employment agreement for an additional three years. The current agreement term now extends until December 31, 2028. The company also announced that CFO and COO 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 Marcelli’s replacement. He will remain with the company in his current capacity through December 31 and will remain a member of the board of directors through December 31.