Fred Graffam (Photo: Business Wire)
Lightwave Logic Inc. (NASDAQ: LWLG) has appointed veteran finance executive Fred Graffam as chief financial officer, strengthening its executive team as the company advances the commercialization of its electro-optic polymer technology for next-generation photonic devices.
Graffam assumes the role effective immediately and will oversee the company’s financial operations, financial reporting, capital allocation and investor relations. He will also play a key role in supporting Lightwave Logic’s long-term growth strategy as it continues developing optical technologies designed to improve data transmission speeds and energy efficiency for telecommunications and AI-related infrastructure.
Snizhana “Ana” Quan, who has served as principal financial officer and principal accounting officer since January 2026, will remain with the company as vice president of finance and corporate controller, providing continuity within the finance organization during the leadership transition.
The appointment brings more than two decades of financial leadership experience to Lightwave Logic, including multiple public company chief financial officer roles and extensive experience overseeing strategic transactions, investor communications and corporate finance.
Most recently, Graffam served as chief financial officer of Fidium, formerly Consolidated Communications, where he helped lead the company’s sale in December 2024. Earlier, he was chief financial officer of Ascent Capital Group and its subsidiary, Monitronics International, operating as Brinks Home Security.
His background also includes serving as senior vice president of finance, investor relations and corporate development at DigitalGlobe, where he helped guide the satellite imaging company through its acquisition by MacDonald, Dettwiler and Associates. Earlier in his career, Graffam held senior finance positions at Level 3 Communications and Comcast before beginning his career at Deloitte.
“Fred’s extensive background in public company finance and prior public company CFO experience makes him a very strong addition to our leadership team,” said Yves LeMaitre, chief executive officer and president of Lightwave Logic. He said Graffam’s experience managing finance organizations at growth companies and communicating with the investment community will strengthen the company’s ability to execute its strategy while creating long-term shareholder value.
LeMaitre also thanked Quan for leading the finance organization during the transition and noted that her continued role will support operational continuity.
Graffam said he is joining the company as its technology gains broader commercial relevance within the optical networking industry.
“Lightwave Logic is at a significant inflection point as its technology continues to gain industry relevance,” he said. “I believe the Company has the potential to play a critical role in the current AI investment cycle as it supports next generation optical systems and data transmission.”
The appointment comes as demand for higher-performance optical interconnects continues to grow alongside investments in AI infrastructure and data center networking. Lightwave Logic is developing proprietary electro-optic polymers designed to improve the speed, power efficiency and size of photonic components that convert electrical signals into optical signals for high-bandwidth communications.
The company is focused on commercializing its polymer technology for applications in telecommunications and advanced optical networking, where increasing data traffic and AI workloads are driving demand for faster, lower-power data transmission solutions. As chief financial officer, Graffam will help oversee the financial strategy supporting that commercialization effort while strengthening engagement with investors as the company advances its growth plans.