NeoPhotonics Names Veteran Industry Executive Charles J. Abbe to Board of Directors
Former President of JDSU and Optical Coating Laboratory Brings Wealth of Technology Experience to the NeoPhotonics Board
SAN JOSE, Calif.--(BUSINESS WIRE)-- NeoPhotonics today announced the appointment of Mr. Charles J. ("Jay") Abbe to the company's Board of Directors.
Mr. Abbe served as president, chief operating officer and director of JDS Uniphase Corporation from February 2000 until his retirement in June 2001. In 1996, he joined Optical Coating Laboratory, Inc. (Nasdaq: OCLI) as vice president and general manager of its principal operating unit. He was promoted to president and chief operating officer in November 1997 and to chief executive officer in April 1998 and during his tenure the market capitalization of OCLI increased from approximately $125 million in 1996 to $1.3 billion in late 1999. The company was acquired by JDS Uniphase in February 2000 for $2.8 billion.
From 1990 to 1996, Mr. Abbe served in positions of increasing responsibility, including senior vice president, electronics sector, at Raychem Corporation. He practiced business consulting with McKinsey & Company in San Francisco from 1971 to 1989, serving the last seven years as a senior partner. Mr. Abbe began his career with the United States Air Force Rocket Propulsion Laboratory in Edwards, Calif.
Mr. Abbe also served as a director of Opnext, Inc., a publicly-traded optical communications company, from January 2009 until Opnext's acquisition by Oclaro, Inc. (Nasdaq: OCLR) in July 2012, and has served as a director of Cymer, Inc (Nasdaq: CYMI) , a semiconductor capital equipment company, since 2002.
"NeoPhotonics has become a leading vendor of integrated components for high speed applications and coherent networks through the advancement of its photonic integrated circuit technology," said Mr. Abbe. "This company has an impressive core technology that offers tremendous potential for systems manufacturers and carriers to continue driving down their costs of delivery of bandwidth and flexible services in wireless and wireline networks."
"Jay has a tremendous amount of experience in technology strategy and in telecom network business growth," said Tim Jenks, CEO and Chairman of the Board. "And his personal achievements and insights for business expansion in these areas can bring an important new dimension to the Board."
Mr. Abbe earned a Master's of Business Administration degree from Stanford University as well as Master of Science and Bachelor of Science degrees in chemical engineering from Cornell University.
NeoPhotonics also appointed Mr. Abbe to the company's Audit Committee.
NeoPhotonics is a leading designer and manufacturer of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks. The company's products enable cost-effective, high-speed data transmission and efficient allocation of bandwidth over communications networks. NeoPhotonics maintains headquarters in San Jose, California and ISO 9001:2000 certified engineering and manufacturing facilities in Silicon Valley (USA) and Shenzhen, China. NeoPhotonics has been included in the Russell 3000® Index since June 2011. For additional information, visit www.neophotonics.com.
© 2012 NeoPhotonics Corporation. All rights reserved. NeoPhotonics and the red dot logo are trademarks of NeoPhotonics Corporation. All other marks are the property of their respective owners.
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