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Date Announced: 28 May 2013
Near Margalit Takes on Newly Created Chief Product Officer Role.
CHATSWORTH, Calif.--(BUSINESS WIRE)--Source Photonics, a global provider of optical communication products used in telecommunication systems and data communication networks, announced the appointment of Doug Wright as president and chief executive officer, effective immediately. Wright succeeds current CEO, Dr. Near Margalit, who will assume the role of chief product officer.
“Doug brings world-class management experience to Source Photonics that will enable the company to continue scaling aggressively,” said Keith Geeslin, a director for Source Photonics and partner for Francisco Partners, a private equity firm and the lead investor in the Company.
“With 20 years of experience in leadership roles in large organizations, Doug has a proven track record of growing businesses, building teams and improving operations. He also has a deep understanding of Asian markets and culture developed over many years of living and working in China, a crucial market for Source Photonics.”
Prior to joining Source Photonics, Wright served as a group president at United Technologies for five years, primarily based in Shanghai. Most recently, he led the Automation and Controls Solutions group, a $2.5 billion unit.
Prior to United Technologies, Wright spent 15 years at Ingersoll Rand where he served in a variety of leadership roles, including president of Asia for the Security Technologies group. Wright earned a Master in Business Management degree in international business from the University of North Carolina and a Bachelor of Science degree in mechanical engineering from Virginia Tech.
Dr. Near Margalit to Lead Product Activities
Dr. Near Margalit will become Chief Product Officer and will oversee all aspects of technology and product development. Geeslin added, “Source Photonics’ tremendous growth over the last decade from a small business unit to one of the leading providers of optical components is a direct result of Near’s leadership.
With the addition of Doug to the management team, Near will refocus his energy on developing cutting-edge products and driving continuous improvement in quality to further accelerate the Company’s growth.”
Source: Source Photonics
E-mail: via web site
Web Site: www.sourcephotonics.com
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