NexOptic Technology Corp. announced that NexOptic Director, Rich Geruson, former Chief Executive Officer of Lexmark International Inc., has been appointed Chairman of the Company and that NexOptic co-Founder and President, Paul McKenzie, has been appointed CEO. Mr. Geruson has rapidly grown several technology companies large and small.

His experience spans CEO roles at Lexmark, Phoenix Technologies, and VoiceSignal Technologies, and Senior Vice President and executive positions at Nokia, IBM, Toshiba, and McKinsey & Co. As CEO of Phoenix Technologies, he achieved consistently high profit year-over-year for six years straight in the company's business of firmware and software for PCs, tablets, and embedded internet of things (IoT) devices. Mr. Geruson and Mr. McKenzie replace NexOptic co-Founders Darcy and John Daugela who held the positions of Chairman and CEO respectively since November 2017.

Going forward, Darcy Daugela will be VP of Technology Development and John Daugela will be VP of Business Development. Neither of the Daugelas remains on the Company's Board of Directors. The Company also reported that NexOptic Director, Ms. Karen Fleming, has taken a medical leave of absence from the Company.