Ita Brennan Will Succeed Duston Williams as Infinera CFO in June 2010
January 26 2010 - 4:37PM
Marketwired
Infinera Corporation (NASDAQ: INFN) announced today that Ita
Brennan, vice president, finance and corporate controller, will
succeed Duston M. Williams as chief financial officer in June 2010.
Williams has been CFO of Infinera since June 2006. Brennan joined
Infinera four years ago from Maxtor Corporation and she has held an
increasing set of responsibilities in the finance organization
since that time.
Before her service at Infinera, Brennan served in senior
financial and operations capacities in the U.S. and Europe at
Maxtor, the multi-billion dollar disk drive maker. Prior to Maxtor,
Brennan was at Informix Software Ireland Corp. She began her
finance and accounting career at Deloitte & Touche.
"I am very excited about having the opportunity to lead the
Infinera finance team at this juncture in the company's
development," said Brennan. "We have recruited a world-class team,
built a company with a unique long-term business model, and I am
looking forward to helping to manage our growth and development in
the next several years."
In explaining his decision to resign, Williams said: "I have
accomplished much of what I set out to do at Infinera -- prepared
and helped take the company public, built a strong balance sheet
and created a strong finance organization that is tightly
integrated and highly respected company-wide and within the optical
transport industry. A key part of that effort has been the
development of Ita Brennan as the next leader of the finance team.
Ita and I have worked together closely for the last five years at
two public companies. I have every confidence that the finance team
led by Ita has the financial discipline, controls and expertise
necessary to support Infinera's growth in the future."
Jagdeep Singh, executive chairman, said: "Since before our
initial public offering, Duston has helped Infinera through a
critical stage in its history as a company, building an outstanding
finance group and overseeing the development of an outstanding
balance sheet. We are grateful for his contributions to the
company."
Tom Fallon, president and chief executive officer, stated: "We
are delighted to have an executive of Ita Brennan's caliber and
experience to lead our finance organization during our next stages
of development and growth. I look forward to her being a key member
of the senior leadership team at Infinera."
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/.
Forward-Looking Statements
This press release contains forward-looking statements,
including statements about our belief on our future growth and
development. These forward-looking statements involve risks and
uncertainties, as well as assumptions that if they do not fully
materialize or prove incorrect, could cause our results to differ
materially from those expressed or implied by such forward-looking
statements. The risks and uncertainties that could cause our
results to differ materially from those expressed or implied by
such forward-looking statements include our ability to react to
trends and challenges in our business and the markets in which we
operate; our ability to anticipate market needs and develop new or
enhanced products to meet those needs; the adoption rate of our
products; our ability to establish and maintain successful
relationships with our customers; our ability to reduce customer
concentration; our ability to compete in our industry; fluctuations
in demand, sales cycles and prices for our products and services;
shortages or price fluctuations in our supply chain; our ability to
protect our intellectual property rights; general political,
economic and market conditions and events; and other risks and
uncertainties described more fully in our documents filed with or
furnished to the Securities and Exchange Commission (SEC). More
information about these and other risks that may impact Infinera's
business are set forth in our annual report on Form 10-K, which was
filed with the SEC on February 17, 2009, as well as subsequent
reports filed with the SEC. All forward-looking statements in this
press release are based on information available to us as of the
date hereof, and we assume no obligation to update these
forward-looking statements.
For media and analysts: Media: Jeff Ferry Tel. (408) 572-5213
jferry@infinera.com Investors: Bob Blair Tel. (408) 716-4879
bblair@infinera.com
Infinera (NASDAQ:INFN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Infinera (NASDAQ:INFN)
Historical Stock Chart
From Sep 2023 to Sep 2024