Ocean Power Technologies, Inc. announced that its Board of Directors appointed Philipp Stratmann as its Chief Executive Officer (CEO). Mr. Stratmann previously served as OPT’s Vice President of Global Business Development since 2019. Mr. Stratmann received an Engineering Doctorate in Engineering Management as well as a Master of Engineering from the University of Southampton in the United Kingdom. He will be relocating from OPT’s Houston office to the New Jersey headquarters. Mr. Cryan also expressed that George H. Kirby, who is departing OPT to pursue other endeavors, for his service as President and CEO since 2015.