Am I reading the release correctly? Did Subhash just resign from Poet? The release says:

POET’s Chief Operating Officer (COO), Dr. Subhash Deshmukh, resigned effective January 13, 2017 and will assume a new part-time role as special advisor to the CEO where he is expected to drive and lead special projects for the Company. POET’s Chief Financial Officer (CFO), Thomas Mika, will fill the position Dr. Deshmukh previously held on DenseLight’s Board of Directors. The resulting vacancy in the COO position is not expected to be filled, as the Company’s staff in Singapore will perform the various facets of this role in close coordination with Mr. Mika.

I know most of the release is talking about Denselight, but the "Company" is defined in the news release as Poet, not Denselight. Also, I'm not sure there is a CEO appointed for Denselight, just a President and General Manager (now Rajgopal).  Anyone care to clear it up for me?