LASE Corp. has added two directors to fill existing vacancies on its board: Chief Financial Officer Tim Peterman and Sanjay Adhav, president of Quantum Technology, Inc. The appointments took effect November 3 and were announced November 9.
The additions bring different experience to the board: Peterman has a background in public-company finance and governance, while Adhav brings technical experience in electro-optical devices used in directed-energy systems.
- Peterman’s experience: He has more than 30 years of leadership and board experience in publicly traded technology, media and telecommunications companies. He was CEO of Nasdaq-listed iMedia Brands from 2019 to 2023 and a director there from 2020 to 2023; earlier, he served as its CFO from 2015 to 2018. He also held senior finance roles at The E.W. Scripps Company, IAC/InterActiveCorp and The Tribune Company. His experience includes capital markets, corporate governance, regulatory compliance and mergers and acquisitions.
- Adhav’s experience: He has more than four decades of experience in quantum technology. Quantum Technology, Inc. develops and manufactures electro-optical devices for advanced directed-energy systems. LASE highlighted Adhav’s expertise in components including Pockels cells, Q-switches, high-voltage drivers and amplifiers.
- Connection to LASE’s strategy: The company said Adhav’s experience is relevant to its Quantum Bullet directed-energy platform.
- Board changes: The appointments fill two existing board vacancies. The company did not announce other changes to board leadership or committee assignments.
Peterman’s appointment puts LASE’s CFO on its board, while Adhav adds specialized technical experience. Together, the appointments add financial, governance and technology backgrounds to the board.