Kambiz Hooshmand Joins Infinera Board, Succeeding Alexandre Balkanski
December 15 2009 - 8:34PM
Marketwired
Infinera (NASDAQ: INFN) announced today that Kambiz Hooshmand, a
veteran with 25 years of experience in the communications,
networking, semiconductor and telecom industries, has joined the
Infinera board of directors. Mr. Hooshmand succeeds Alexandre
Balkanski Ph.D., who is stepping down from the board after serving
since 2001.
"We are grateful to Alex Balkanski for his service as a board
member practically since the inception of Infinera," said Jagdeep
Singh, chairman, co-founder and chief executive officer of
Infinera. "His vision, counsel and experience have been invaluable
as we have grown Infinera from startup to a publicly-owned and
leading optical transport company."
Mr. Hooshmand brings considerable strategic and operating
experience to Infinera's board as the company continues to broaden
its product offerings and global reach in the optical networking
industry He was recently CEO and president of Applied Micro
Circuits ("AMCC") where he helped launch the company into the 10G
Ethernet & optical transport networks markets and helped
significantly increase AMCC revenues. During this tenure, AMCC
became a recognized leader in the emerging data center application
market.
Prior to joining AMCC in 2005, Mr. Hooshmand was with Cisco
Systems, Inc. for nine years, most recently as general manager
& group vice president for optical & broadband. Earlier,
Mr. Hooshmand was with StrataCom and Rolm Corporation. Mr.
Hooshmand has a M.S. in Engineering Management from Stanford
University.
"I'm very pleased to join the board of Infinera," said Mr.
Hooshmand. "Infinera has pioneered exciting and innovative
technologies and I look forward to participating in the company's
future growth and development."
"We are pleased to welcome Kambiz to our board," said Infinera
Chief Operating Officer Tom Fallon. "He brings valuable experience
with technologies and markets that will serve us well as we
continue to grow our business." A member of the board, Tom Fallon
will assume the role of Infinera CEO on January 1, 2010.
About Infinera
Infinera provides Digital Optical Networking systems to
telecommunications carriers worldwide. Infinera's systems are
unique in their use of a breakthrough semiconductor technology: the
photonic integrated circuit (PIC). Infinera's systems and PIC
technology are designed to provide customers with simpler and more
flexible engineering and operations, faster time-to-service, and
the ability to rapidly deliver differentiated services without
reengineering their optical infrastructure. For more information,
please visit http://www.infinera.com/.
This press release contains certain forward-looking statements
based on current expectations, forecasts and assumptions that
involve risks and uncertainties. These statements are based on
information available to Infinera as of the date hereof; and actual
results could differ materially from those stated or implied, due
to risks and uncertainties. Forward-looking statements include
statements regarding Infinera's expectations, beliefs, intentions
or strategies regarding the future, including statements about the
company's products and technologies. Such forward-looking
statements can be identified by forward-looking words such as
"anticipated," "believed," "could," "estimate," "expect," "intend,"
"may," "should," "will," and "would" or similar words. The risks
and uncertainties that could cause our results to differ materially
from those expressed or implied by such forward-looking statements
include aggressive business tactics by our competitors, our
dependence on a single product, our ability to protect our
intellectual property, claims by others that we infringe their
intellectual property, our manufacturing process is very complex,
product performance problems we may encounter, our dependence on
sole or limited source suppliers, our ability to respond to rapid
technological changes, our ability to maintain effective internal
controls, the ability of our contract manufacturers to perform as
we expect, a new technology being developed that replaces the PIC
as the dominant technology in optical networks, general political,
economic and market conditions and events, including war, conflict
or acts of terrorism; and other risks that may impact Infinera's
business are set forth in our annual report Form 10-K, which was
filed with the SEC on February 17, 2009, as well as subsequent
reports filed with or furnished to the Securities and Exchange
Commission. These statements are based on information available to
us as of the date hereof and we disclaim any obligation to update
the forward-looking statements included in this press release,
whether as a result of new information, future events or
otherwise.
For media and analysts: Media: Jeff Ferry Tel. (408) 572-5213
jferry@infinera.com Investors: Bob Blair Tel. (408) 716-4879
bblair@infinera.com
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