Update: JDSU Names Sharad Rastogi Senior Vice President of Corporate Development and Marketing
October 15 2008 - 8:54PM
PR Newswire (US)
MILPITAS, Calif., Oct. 15 /PRNewswire-FirstCall/ -- JDSU today
announced that Sharad Rastogi has been appointed as senior vice
president of corporate development and marketing. Mr. Rastogi will
be responsible for strategic planning, mergers and acquisitions and
overall corporate marketing functions. He will report directly to
Kevin Kennedy, JDSU's president and chief executive officer. "We
are very pleased to have Sharad Rastogi joining our team," said
Kevin Kennedy, president and chief executive officer of JDSU. "His
track record of successful execution on strategic growth
opportunities, specifically operational management and M&A
experience, support our priority of transformative M&A that
will continue to shape and guide JDSU to a strong future." Most
recently Mr. Rastogi was vice president of corporate development at
Avid Technology and general manager of Pinnacle Systems, the
consumer business unit at Avid where he was responsible for
strategy, acquisitions, alliances and new business opportunities.
Prior to Avid, Sharad was a partner in the management consulting
firm Bain & Company, Inc where he advised technology, media,
venture capital, and private equity clients in corporate strategy,
operational improvement, mergers and acquisitions, and post-merger
integration. Mr. Rastogi holds a master of business administration
from the Wharton School at the University of Pennsylvania, a master
of science in manufacturing engineering from Boston University, and
a bachelor of technology in mechanical engineering from the Indian
Institute of Technology in New Delhi. "I am very excited to be
joining JDSU at this period in the company's growth and
transformation," said Mr. Rastogi. "My areas of immediate focus
will be pursuing strategic development that will fortify or augment
JDSU's existing diversified technology portfolio and to uphold the
commitment already established by this leadership team to advance
the company's long-term business model." About JDSU JDSU (Nasdaq:
JDSU; and TSX: JDU) enables broadband and optical innovation in the
communications, commercial and consumer markets. JDSU is the
leading provider of communications test and measurement solutions
and optical products for telecommunications service providers,
cable operators, and network equipment manufacturers. JDSU is also
a leading provider of innovative optical solutions for
medical/environmental instrumentation, semiconductor processing,
display, brand authentication, aerospace and defense, and
decorative applications. More information is available at
http://www.jdsu.com/. Contacts Press/Industry: Kathleen Greene,
408-546-5852 or Investors: Michelle Levine, 408-546-4421 or
http://www.newscom.com/cgi-bin/prnh/20050913/SFTU125LOGO
http://photoarchive.ap.org/ DATASOURCE: JDSU CONTACT: Press,
Industry, Kathleen Greene, +1-408-546-5852, , or Investors,
Michelle Levine, +1-408-546-4421, , both of JDSU Web site:
http://www.jdsu.com/
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