QCi: CEO Transition as McGann Announces Retirement
Company - People | Apr 17, 2025 | EIN
Quantum Computing Inc. (QCi) announced CEO William McGann's planned retirement, effective May 12, 2025, with Dr. Yuping Huang named as Interim CEO. The company has strategically planned this transition, forming a committee with an executive search firm to find a permanent replacement. McGann joined QCi's board in September 2021 and became COO and CTO in January 2022, later ascending to CEO and President in February 2024. His leadership saw the launch of the Dirac-3 quantum optimization machine and advancement of QCi's chip foundry. McGann's past roles include CTO at Leidos Corporation and founder of Ion Track Instruments. The transition places Dr. Yuping Huang, a board member and Chief Quantum Officer with over 20 years of expertise in quantum technologies, as interim CEO. Huang previously founded QPhoton, which merged with QCi in 2022, and has led significant quantum research initiatives. QCi continues to innovate, focusing on affordable, room-temperature quantum machines
Sectors
- Quantum Computing
- Technology
- Corporate Governance
Geography
- United States – QCi is based in Hoboken, New Jersey, and the article references U.S.-based operations and leadership.
Industry
- Quantum Computing – The article centers around Quantum Computing Inc., a leader in quantum technology solutions.
- Technology – It discusses advancements in technological solutions offered by QCi.
- Corporate Governance – The article covers the corporate transition within QCi's executive leadership.
Financials
- $40 million – Funding for quantum research initiatives led by Dr. Yuping Huang from various government and private sector sources.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Quantum Computing Inc. (QCi) | Target | Company | A leader in quantum computing technology, focusing on room-temperature, low-power quantum machines. |
| William McGann | CEO (retiring) | Person | Current CEO of QCi, responsible for significant advancements in quantum technology. |
| Dr. Yuping Huang | Interim CEO | Person | Chairman of the Board and Chief Quantum Officer at QCi, with extensive experience in quantum research. |
| Leidos Corporation | Previous Employer | Company | A former employer of William McGann. |
| QPhoton, Inc. | Acquired Entity | Company | Founded by Dr. Huang, it was acquired by QCi in June 2022. |