POET Technologies {TSX.V: PTK} have finished their long search for a new CEO, by appointing industry veteran Dr. Suresh Venkatesan as CEO. Suresh is another recruit from the successful Global Foundries company.

Acting CEO Peter Copetti remains with the company as Executive Co-Chairman.

Comment

This is excellent news in that POET have recruited an industry veteran with vast experience in the sector.

Very pleased Peter Copetti remains onboard, albeit in a different capacity, we can’t underestimate the turnaround job he has done here, very pleased he is still part of the team.

The recent management changes have resulted in a much stronger management team , and everything is now in place as POET are moving forward towards commercialisation of their technology.