What They Say
Kopin said that it has appointed a new CEO, Michael Murray, to replace Dr John Fan as CEO. Fan will remain as chairman of Kopin and all the subsidiaries and will continue to focus on strategic and scientific matters especially related to the Metaverse.
Murray joins Kopin from Ultra Electronics Group, a British defence and security company, where he served as President of the cyber business.
What We Think
We don’t generally report a lot of appointments, but John Fan has been an industry personality and leader for a long time. However, the world of microdisplays is starting to finally get really going and so change in leadership is not surprising. The firm has also been losing money for a long time at a fairly fast rate, so perhaps investors decided it was time for a change. (BR)
Michael Murray
