Syntec Optics Holdings, Inc. ("Syntec Optics" or the "Company") (NASDAQ:OPTX), a leading provider of mission-critical optics to scientific and technical instruments and defense and aerospace OEMs, announced today executive-level changes. These changes will support its manufacturing excellence for organic growth and build upon its strategic initiatives for future inorganic growth. These executives will provide leadership across all key functions for continuing growth and development.

 

Mr. Al Kapoor has been appointed Chairman and CEO, responsible for the company's strategy and potential bolt-on acquisitions. The strategy expands in scope to include potential inorganic growth. He will lead the working process with various service providers, including those engaging in potential future bolt-on acquisitions. Mr. Kapoor was the Chairman and is expanding his role. His prior experience includes completing three acquisitions over twenty years ago and then integrating them into what eventually became Syntec Optics. His future vision of optics and photonics everywhere comes from his 30 years of experience. He holds an MBA from Harvard Business School and an MS in engineering from Iowa State University. He attended the graduate programs at Indiana University for finance and the University of Cincinnati for computer-integrated manufacturing and robotics.

Mr. Joe Mohr has been appointed Chief Manufacturing Officer, responsible for Syntec Optics sales, business development and revenue growth, and customer manufacturing excellence. Mr. Mohr's experience includes leading engineering and building optics products. He has served in many roles, most recently as CEO. Mr. Mohr's role change brings his full focus on the launch of new products and deliverables to the customer while concurrently expanding sales. Several customers face higher demand and are increasingly focused on mission-critical product supply. Mr. Mohr has been with Syntec Optics for 29 years.

The modified organizational structure allows Syntec to better support new product launches and customer growth. Mr. Mohr and Mr. Kapoor have worked together for over twenty years in various capacities to execute growth plans. The executive change allows Mr. Mohr to focus on manufacturing excellence and customer support, while Mr. Kapoor will focus on other strategic initiatives.