Luna Innovations Incorporated announced that Scott Graeff has retired from his role as President and has stepped down from the Board of Directors (the ?Board?), leaving the Company after 21 years, including the last seven as President and Chief Executive Officer. To oversee the Company?s operations while the search is ongoing, Richard Roedel, who has served as Chairman of the Board since 2010, has been appointed Executive Chairman and President on an interim basis. As Interim Executive Chairman and Interim President, Mr. Roedel will work closely with the Company?s leadership team to ensure the Company continues to execute its strategy and serve its customers.

To ensure the Board continues to maintain strong independent oversight, Mary Beth Vitale has been designated to serve as Lead Independent Director during the pendency of Mr. Roedel?s service as Executive Chair. The Board has also established an Operations Committee, comprised of David Chanley, Barry Phelps and Gary Spiegel, to provide focused oversight of the Company during this transition period.