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Applied Energetics, Inc. announced on November 25 that its board of directors has elected Chris Donaghey as the company’s new president and chief executive officer.
Donaghey brings more than two decades of experience with leading defense companies focused on advancing emerging technology and innovation into mission critical applications for national security. Since August 2022, he has served as the company’s chief financial officer and chief operating officer. Donaghey will continue to serve as the company’s principal financial officer on an interim basis.
Applied Energetics Executive Chairman Brad Adamczyk said, “We are pleased to announce Chris as our new chief executive. Chris is a dynamic business leader with a deep understanding of the industry, our customers’ needs and our operations. His diverse set of experiences in the defense industry, coupled with his keen understanding of the need for cutting-edge solutions to address the urgent threats to our national security, make him ideally suited to lead the company during its next phase of growth and customer adoption. We have every confidence in his ability to guide Applied Energetics and drive the company’s long-term success.”
“I deeply value the board’s confidence in me and am grateful for the opportunity to lead the Applied Energetics team forward,” said Donaghey. “I am honored to succeed Greg, who has built one of the best positioned portfolios of optical and ultrashort pulse laser technologies for defense and commercial applications. As a leadership team, we are focused on accelerating Applied Energetics’ transition from early-stage research and development to deployable products, achieving critical milestones as we deliver on our existing customer contracts, and look to secure additional opportunities and industry partnerships. I am looking forward to building on the significant progress we have achieved to date, and to exceed the expectations of our customers, employees and shareholders.”
Donaghey succeeds Dr. Gregory Quarles, who is stepping down as CEO from the company, having served as president, CEO, and as a member of Applied Energetics’ board of directors since 2019.
Source: Energetics
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