JDS Uniphase Names Chief Financial Officer
June 13 2005 - 5:10PM
PR Newswire (US)
JDS Uniphase Names Chief Financial Officer SAN JOSE, Calif., June
13 /PRNewswire-FirstCall/ -- JDS Uniphase Corporation (Nasdaq:
JDSU; and TSX: JDU) today named David Vellequette to the position
of senior vice president and chief financial officer. Mr.
Vellequette has been JDS Uniphase's acting senior financial officer
since February 2005. "With more than 25 years of finance and
operations experience in the technology sector, including eight
years working alongside me at both Openwave and Cisco, Dave has
demonstrated a relentless focus on cost control and operational
performance," said Kevin Kennedy, JDS Uniphase's president and
chief executive officer. "Dave has been a key driving force behind
the recently announced initiatives to accelerate the company's path
to profitability, and I am very pleased to announce his promotion
to chief financial officer." After graduating from the University
of California, Berkeley in 1978, Mr. Vellequette started his
finance career as an auditor with Ernst and Young, where he became
a Certified Public Accountant. From 1984 to 1992, Mr. Vellequette
was Controller at Altera Systems, where he was responsible for SEC
reporting, financial planning and analysis (FP&A), and
corporate accounting. Between 1992 and 2002, Mr. Vellequette held
increasingly responsible positions at Cisco Systems, first as
Controller of StrataCom Corporation (acquired by Cisco in 1996) and
including Vice President of Finance supporting the multi- billion
dollar service provider line of business. From Cisco, Mr.
Vellequette moved to Openwave Systems where, as Vice President of
Worldwide Sales and Service Operations, he was an important
contributor to the company's turnaround. Since joining JDS Uniphase
as Vice President and Operations Controller in July 2004, Mr.
Vellequette has rebuilt the corporate FP&A function, and
spearheaded a series of initiatives intended to reduce operational
complexity throughout the corporation. In a related announcement,
JDS Uniphase also disclosed today that the position of Corporate
Controller has been filled, reporting directly to Mr. Vellequette.
About JDS Uniphase JDS Uniphase Corporation designs and
manufactures products for markets where its core optics
technologies provide innovative solutions for communications,
commercial and consumer applications. The Company offers
components, modules and subsystems for data communications,
telecommunications and cable television, display, security,
medical/environmental instrumentation, decorative, aerospace and
defense applications. More information is available at
http://www.jdsu.com/. Contacts Investors: Jacquie Ross, Investor
Relations, 408-546-4445, or DATASOURCE: JDS Uniphase Corporation
CONTACT: media, Jayme Curtis, Public Relations, +1-408-546-7028, or
, or investors, Jacquie Ross, Investor Relations, +1-408-546-4445,
or Web site: http://www.jdsu.com/
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