Quantum Computing Inc, QUBT, Announces New CFO Appointment and Retirement of Former CFO

Christopher Boehmler, CFO of Quantum Computing Inc, or QUBT, will step down from his CFO position effective June 19, 2025.

Mr. Boehmler clarified that his retirement is not related to any disagreements concerning company operations, policies, or practices.

The company has reached a separate agreement to pay Mr. Boehmler a base salary of $300,000 for the next 12 months, grant him 25,000 shares of common stock, and maintain his health insurance for 12 months.

Additionally, all stock options held by Mr. Boehmler will immediately become fully vested and exercisable within 90 days.

Vesting, simply put, means that the rights to the stocks or stock options are fully granted to the individual.

On the same day, the board appointed Christopher Roberts, the new CFO and legal counsel, effective June 20.

Mr. Roberts served as QUBT's CFO from 2018 to 2023 and has been a consultant since 2023.

Mr. Roberts, 70 years old, holds a law degree from Virginia Law School and earned a bachelor's degree in electrical engineering and a master's degree in business administration from MIT, specializing in finance and technology management.

He began his career at large corporation Raytheon and also worked as an attorney at a prominent New York law firm.

Mr. Roberts has over 39 years of financial management experience in aerospace, defense, IT government contracts, and public and private companies.

He has experience serving as CFO at multiple companies, including Systems Made Simple, a Leidos subsidiary, and Integral Systems, formerly NASDAQ-listed.

From 2018 to 2023, he was CFO of QUBT and collaborated with the company as an external advisor and legal counsel for the following two years.

The board evaluated Mr. Roberts' extensive financial management experience and legal expertise as ideal for leading the company's growth and success.