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Ocean Power Tech names Shafer as new CFO; Featherstone to retire

  • Ocean Power Technologies (NASDAQ:OPTT) names Matthew Shafer as its new CFO, effective Sept. 7, succeeding Mark Featherstone, who is resigning from the Company.
  • Shafer previously served as a VP of Finance and Corporate Controller for CMF Associates and as Senior Director of Finance at Valeant Pharmaceuticals.
  • Featherstone has been OPTT's CFO since 2013, and previously had spent five years as CFO of Quaker Chemical.

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