Finisar Announces Retirement of Co-Founder and CEO Jerry Rawls and Appointment of Michael Hurlston as Chief Executive Officer...
January 11 2018 - 4:21PM
Finisar Corporation (NASDAQ:FNSR), a global technology leader for
subsystems and components for fiber optic communications, today
announced the retirement of Chairman and Chief Executive Officer
Jerry Rawls and the appointment of Michael Hurlston as Chief
Executive Officer and a director of the Company effective
today. Mr. Hurlston and Mr. Rawls will work together to
ensure a smooth transition. Mr. Rawls will continue to serve
as a Director of the Company. The Company’s Lead Director Robert
Stephens has been appointed Chairman of the Board of Directors.
“After a thorough and thoughtful search process, we are pleased
to welcome Michael Hurlston to Finisar as Chief Executive Officer
and a member of the Board of Directors,” said Robert Stephens,
Finisar’s Chairman of the Board of Directors. “Michael has
broad experience as a highly-successful technology industry
executive and we know Michael is the right leader to build on our
success and market-leading position.”
“On behalf of the Board of Directors, I want to thank Jerry for
his tireless and inspired leadership of Finisar over the past
nearly 30 years,” continued Mr. Stephens. “Under Jerry’s
leadership, Finisar has grown from its founding in Quonset hut in
Menlo Park, California to a world-leading optics company with
cutting-edge products and approximately $1.4 billion in revenues in
its most recently completed fiscal year. We are deeply
grateful to Jerry for his innumerable contributions to Finisar’s
growth and success to-date and are confident that he has positioned
the Company solidly for the great opportunities in our industry
today.”
“I’m thrilled that Michael is going to lead Finisar into the
future,” said Jerry Rawls, Finisar’s co-founder and outgoing Chief
Executive Officer. “Michael’s experience, proven technical skills,
and leadership abilities will serve Finisar, our customers,
employees, and stockholders very well. At Finisar, we have
built a great company with fantastic employees dedicated to serving
our customers’ needs and developing world-leading, cutting-edge
technology products. I am confident that Michael is the
right person to lead us to even greater success.”
Michael Hurlston most recently served as a Senior Vice President
and General Manager of the Mobile Connectivity Products/Wireless
Communications and Connectivity Division at Broadcom Limited.
Previously, he held senior leadership positions in sales, marketing
and general management at Broadcom. Prior to joining Broadcom in
2001, Mr. Hurlston held senior marketing and engineering positions
at Oren Semiconductor, Inc., Avasem, Integrated Circuit Systems,
Micro Power Systems, Exar and IC Works. Mr. Hurlston is also a
Director of Ubiquiti Networks, Inc. and a member of the Board of
Advisors of Vilynx Inc. Mr. Hurlston received a B.S.E.E., an
M.S.E.E. and an M.B.A. from the University of California,
Davis.
“I am very excited to join Finisar and lead the great company
that Jerry and his fellow employees have built,” said Mr.
Hurlston. “Finisar has world-leading products and technology,
engineering talent, and manufacturing capabilities and a reputation
for excellence in the industry and with its customers. The
optical communications and components industry is rapidly advancing
and there are many new exciting customer opportunities. I
look forward to getting to work.”
ABOUT FINISAR
Finisar Corporation (NASDAQ:FNSR) is a global technology leader
for fiber optic subsystems and components that enable
high-speed voice, video and data communications for
telecommunications, networking, storage, wireless, and cable TV
applications. For more than 25 years, Finisar has provided critical
optics technologies to system manufacturers to meet the increasing
demands for network bandwidth and storage. Finisar is
headquartered in Sunnyvale, California, USA with R&D,
manufacturing sites, and sales offices worldwide. For additional
information, visit www.finisar.com.
Finisar-G
Investor
Contact:
Kurt
Adzema
Chief Financial
Officer
408-542-5050 or Investor.relations@finisar.com
Finisar (NASDAQ:FNSR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Finisar (NASDAQ:FNSR)
Historical Stock Chart
From Sep 2023 to Sep 2024