LightPath CEO Resigns

Robert Ripp, chairman of LightPath, will assume the responsibilities of Donald Lawson

October 25, 2001

1 Min Read

ALBUQUERQUE -- LightPath Technologies, Inc. (Nasdaq: LPTH), manufacturer and integrator of families of high performance fiber-optic collimator, isolator and precision molded aspheric optics, today announces the resignation of Donald Lawson as CEO, President and Director effective October 23, 2001. Mr. Lawson commented, "I am leaving with LightPath well positioned for future growth and a change in leadership at this time is in the best interest of the Company and its shareholders." Robert Ripp, Chairman of LightPath, will assume the responsibilities of the CEO position. LightPath has formed a search committee of the Board to evaluate internal and external candidates for the position of President and CEO. Mr. Ripp commented, "We thank Don for his contributions and wish him well in his future endeavors. Mr. Lawson will be available to assist the Company through the end of the year." Mr. Ripp continued, "LightPath has a strategic advantage in the passive optical component marketplace. In order to build on our accomplishments and to further accelerate our sales and cash flow growth we want to attract a CEO who will continue to leverage the LightPath strategic vision; have strong customer and product marketing experience; an excellent track record of executing business plans, and the ability, as appropriate, to find and manage the integration of acquisitions."LightPath Technologies Inc.

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