Ocean Power Technologies CEO Stratmann steps down, Pagliara named acting CEO and president

OPTT•2026-09-14

Stratmann steps down from top roles

Philipp Stratmann stepped down as president, CEO, and board member; he remains available during a transition period.

Weed appointed chief operating officer

Jason Weed was appointed COO with oversight of commercial sales, operations, and technology. He previously served as senior vice president, commercial sales, and earlier as a U.S. Navy captain, including command of the Navy’s Unmanned Undersea Vehicle Squadron.

Pagliara named acting CEO and president

Tracy Pagliara was named acting CEO, president, and board member. She previously served six years as CEO of a public company and is a CPA.

Leadership reshuffle effective Sept. 14, 2026

Ocean Power Technologies reshuffled leadership effective Sept. 14, 2026 to accelerate commercial execution, backlog conversion, and customer delivery.

Ocean Power Technologies CEO Stratmann steps down, Pagliara named acting CEO and president

Stratmann steps down from top roles

Weed appointed chief operating officer

Pagliara named acting CEO and president

Leadership reshuffle effective Sept. 14, 2026

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