Revolution Lighting Technologies, Inc. announced the retirement of Charles Schafer as President and Chief Financial Officer for the company, effective July 10, 2015. In this regard, Chairman and CEO Robert V. LaPenta will assume the role of President in addition to his current responsibilities and James DePalma will become the Chief Financial Officer. Mr. Schafer assumed the position as President and Chief Financial Officer in January 2013 and decided that he wanted to retire to spend more time with his family after a career that has spanned over 45 years, including L-3 Communications and Loral Corporation.

He will continue as a board member for the remainder of his term. James DePalma is currently on the RVLT Board and is Vice Chairman and Senior Managing Partner of Aston Capital.