NUBURU Inc, a pioneering force in high-power and high-brightness industrial blue laser technology, has witnessed a substantial upswing in its stock value subsequent to the announcement on November 1 of Brian Knaley’s appointment as the company’s new Chief Executive Officer CEO. Knaley steps into the role, succeeding Dr. Mark Zediker, who has departed to pursue other ventures. Concurrently, Knaley has assumed a position on NUBURU’s Board of Directors.
At the time of this publication, NUBURU Inc stock (BURU) has witnessed a surge.
NUBURU Inc
Current Price: $0.36
Change : +0.10
Change (%): (40.16%)
Volume: 7.0M
Source: Tomorrow Events Market Data
Having served as the company’s Chief Financial Officer since February 2022, Knaley brings over a quarter-century of experience in finance and operations to his new role. Before joining NUBURU, he held the position of Chief Financial Officer at CEA Industries Inc. (NASDAQ: CEAD), a provider of controlled environmental solutions, and also at Proximo Medical LLC, a startup specializing in medical device commercialization. Additionally, Knaley served as Senior Vice President and Interim Chief Financial Officer at ViewRay (NASDAQ: VRAY), a global manufacturer of MRI-guided radiation therapy systems. Knaley holds a BA in Accounting from Thomas More College and is a licensed CPA in the State of Ohio.
Ron Nicol, Executive Chairman of NUBURU, expressed confidence in Knaley’s ability to steer the company towards commercial success, stating, “NUBURU’s Board is focused on transforming the Company to support the commercialization of our technology. As such, we are pleased to appoint Brian as the Company’s new Chief Executive Officer. He is an accomplished and respected leader with profound expertise in scaling and operating public companies. We are confident he is the right person to lead NUBURU’s next phase of growth.”
Knaley, in his new capacity as Chief Executive Officer, remarked, “I am honored and excited for the opportunity to lead NUBURU’s next phase of growth, working with the Board, Ron and my management team to deliver sustainable value and results as a public company. We have a great foundation in our cutting-edge blue laser technology and along with the excellent NUBURU team we will execute on the vast commercial opportunities ahead of us.”
The transition in leadership marks a pivotal moment for NUBURU Inc. as it aims to leverage Knaley’s extensive financial and operational expertise to propel the company into its next chapter of growth. The stock surge in the aftermath of this appointment announcement underscores the market’s optimism about the future of NUBURU under the stewardship of its new CEO.
