LightPath Technologies, Inc. Announces CFO Changes
April 22, 2021 at 04:08 pm EDT
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On April 19, 2021, LightPath Technologies, Inc. announced the retirement of the Company's Chief Financial Officer (CFO), Donald O. Retreage, Jr., and the appointment of Albert Miranda as the Company's new CFO, both of which will be effective May 7, 2021. Following his retirement as the Company's CFO, Mr. Retreage will transition into the role of a consultant and advisor to the CFO until August 7, 2021. Mr. Retreage will remain as an employee of the Company while he serves as a consultant to the CFO. In his role as CFO, Mr. Miranda will be responsible for the Companys accounting practices, the maintenance of its fiscal records, and the preparation, promotion, and interpretation of financial reports for management and external groups. Mr. Miranda will also be responsible for internal controls, financial forecasting, financial reporting, and budgetary controls. Mr. Miranda will report to the Chief Executive Officer. Mr. Miranda, age 54, was most recently employed with Jenoptik North America, Inc. for twelve years and held the positions of President and Chief Financial Officer.
LightPath Technologies, Inc. is a vertically integrated provider of optics, photonics and infrared solutions for the industrial, commercial, defense, telecommunications, and medical industries. The Company designs and manufactures optical and infrared components, including molded glass aspheric lenses and assemblies, custom molded glass freeform lenses, infrared lenses and thermal imaging assemblies, fused fiber collimators, and Black DiamondTM (BD6) chalcogenide-based glass lenses. Its business is organized into three product groups: Precision molded optics (PMO), infrared products and specialty products. Its PMO product group consists of visible precision molded optics with varying applications. Its infrared product group is comprised of infrared optics, both molded and diamond-turned, and thermal imaging assemblies. Its specialty product group is comprised of value-added products, such as optical subsystems, assemblies, collimators, and non-recurring engineering (NRE) products.