D-Wave Bolsters Executive Leadership Team for Rapid Growth and Strategic Execution
March 18 2024 - 7:00AM
Business Wire
Addition of Chief Revenue Officer and Chief
Development Officer to guide D-Wave's go-to-market efforts and
innovation roadmap as quantum computing’s impact grows
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a
leader in quantum computing systems, software, and services and the
world’s first commercial supplier of quantum computers, today
announced it is expanding its executive team to supercharge both
its go-to-market growth strategy and product innovation.
The two appointments include cloud entrepreneur and IT industry
veteran Lorenzo Martinelli as the Company’s first Chief Revenue
Officer, tapped to spearhead the company's commercial expansion
into key vertical markets. D-Wave has also promoted Dr. Trevor
Lanting to Chief Development Officer to lead its product innovation
roadmap, spanning D-Wave’s full stack of quantum computing hardware
and software solutions.
B2B Technology Growth Veteran Lorenzo Martinelli Named Chief
Revenue Officer
Overseeing sales, marketing, professional services, and customer
success, Martinelli will be pivotal in executing the Company's
recently launched go-to-market (GTM) growth strategy, designed to
accelerate the adoption and deployment of D-Wave’s quantum
technologies across key verticals, starting with logistics,
manufacturing, and government. Over the past 30 years, Martinelli
has built a record guiding start-ups from inception to IPO with
broad experience from leadership roles at QAD DynaSys, E2open,
AristaSoft, Baan (now Infor), Digital Equipment (now HPE) and IBM.
His expertise in devising innovative GTM strategies for
optimization applications will help D-Wave effectively capitalize
on the industry transition to the operational use of quantum
computing.
Dr. Trevor Lanting Promoted to Chief Development
Officer
In his new role as Chief Development Officer, Dr. Trevor
Lanting's responsibilities now include D-Wave's product roadmap and
initiatives to advance the science of quantum computing. In
addition to the Leap™ real-time quantum cloud service and the
Ocean™ software suite of open source Python tools, Lanting will
also help direct the ongoing development of the Advantage™ and
Advantage2™ annealing quantum computing systems, the Company’s gate
model computing program, and the interdisciplinary teams focused on
performance research and algorithm development. With over 15 years
of experience in technology development at D-Wave, Lanting
previously served as Senior Vice President of Software, Algorithms
and Cloud Services at the Company.
"This is a watershed moment as enterprise customers are starting
to move quantum applications into production," said Dr. Alan
Baratz, CEO of D-Wave. “The expertise and leadership of these two
seasoned leaders will be instrumental in executing our GTM
strategy, fueling new commercial opportunities, and advancing our
technology innovation as we continue to demonstrate annealing
quantum computing’s impact on customers today.”
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum
computing systems, software, and services, and is the world’s first
commercial supplier of quantum computers—and the only company
building both annealing quantum computers and gate-model quantum
computers. Our mission is to unlock the power of quantum computing
today to benefit business and society. We do this by delivering
customer value with practical quantum applications for problems as
diverse as logistics, artificial intelligence, materials sciences,
drug discovery, scheduling, cybersecurity, fault detection, and
financial modelling. D-Wave’s technology has been used by some of
the world’s most advanced organizations including Mastercard,
Deloitte, Davidson Technologies, ArcelorMittal, Siemens
Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd.,
DENSO, Lockheed Martin, Forschungszentrum Jülich, University of
Southern California, and Los Alamos National Laboratory.
Forward-Looking Statements
Certain statements in this press release are forward-looking, as
defined in the Private Securities Litigation Reform Act of 1995.
These statements involve risks, uncertainties, and other factors
that may cause actual results to differ materially from the
information expressed or implied by these forward-looking
statements and may not be indicative of future results.
Forward-looking statements in this press release include, but are
not limited to, statements regarding the potential benefits of
appointing Lorenzo Martinelli as the Chief Revenue Officer and
promoting Dr. Trevor Lanting to Chief Development Officer. These
forward-looking statements are subject to a number of risks and
uncertainties, including, among others, various factors beyond
management’s control, including the risk that the potential
benefits of appointing Lorenzo Martinelli as the Chief Revenue
Officer and promoting Dr. Trevor Lanting to Chief Development
Officer are not realized; general economic conditions and other
risks; our ability to expand our customer base and the customer
adoption of our solutions; risks within D-Wave’s industry,
including anticipated trends, growth rates, and challenges for
companies engaged in the business of quantum computing and the
markets in which they operate; the outcome of any legal proceedings
that may be instituted against us; risks related to the performance
of our business and the timing of expected business or financial
milestones; unanticipated technological or project development
challenges, including with respect to the cost and/or timing
thereof; the performance of our products; the effects of
competition on our business; the risk that we will need to raise
additional capital to execute our business plan, which may not be
available on acceptable terms or at all; the risk that we may never
achieve or sustain profitability; the risk that we are unable to
secure or protect our intellectual property; volatility in the
price of our securities; the risk that our securities will not
maintain the listing on the NYSE; and the numerous other factors
set forth in D-Wave’s Annual Report on Form 10-K for its fiscal
year ended December 31, 2022 and other filings with the Securities
and Exchange Commission. Undue reliance should not be placed on the
forward-looking statements in this press release in making an
investment decision, which are based on information available to us
on the date hereof. We undertake no duty to update this information
unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240318999260/en/
Alex Daigle media@dwavesys.com
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