This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Luna Innovations Initiates Search For A New CEO

Luna Innovations (NASDAQ: LUNA) today announced that its Board of Directors has initiated a search for a new Chief Executive Officer (CEO) as a successor to Dr. Kent Murphy.

As part of the previously announced transition plan for the company’s leadership, Dr. Murphy will assume the role of Senior Strategic and Technology Advisor. Dr. Murphy will remain a member of the Board of Directors, serving in a new role as the Board’s Vice Chairman. As an external advisor, he will direct his time and attention to the company’s strategic and scientific vision and new innovations.

“It has been a great privilege not only to found Luna Innovations in 1990 but also to lead the wonderful people who have made it a great company,” said Dr. Murphy. “I am very proud of what the company has achieved over these years and look forward to helping the company with its transition to new leadership and to further innovations in technology. I very much look forward to my continuing relationship with Luna.”

“We appreciate the many years of dedication that Kent has given to Luna’s success and look forward to working with him in his new role of Vice Chairman,” said Rich Roedel, Luna’s current Chairman of the Board of Directors. The Board has established a CEO search committee to lead the CEO search process and to assess potential candidates and determine finalists for consideration. The Board has retained AIMS International, a leading executive search firm, to assist in the process.

Concurrently, and as previously planned, Jonathan Cool will end his role as Acting President and Chief Operating Officer, which he had assumed on a part-time and interim basis in May 2010. He will remain a member of the Board of Directors, where he will continue to provide the company with leadership and guidance as the Chairman of the Strategy Committee and be available to assist senior management as needed during the search and thereafter.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
LUNA $1.06 0.00%
AAPL $109.16 -1.10%
FB $87.71 -0.50%
GOOG $599.48 -1.10%
TSLA $241.59 -1.60%

Markets

Chart of I:DJI
DOW 16,094.94 -279.82 -1.71%
S&P 500 1,917.89 -33.24 -1.70%
NASDAQ 4,675.7510 -57.7460 -1.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs