Lumentum announces CFO transition and appoints Interim CFO

Date Announced: 14 Jun 2018

Pictured right: Aaron Tachibana.

MILPITAS, Calif., -- Lumentum Holdings Inc. ("Lumentum") has announced that Aaron Tachibana, Executive Vice President and Chief Financial Officer, has resigned from the company to pursue other interests and will remain with the Company through a transition period which will end on August 31, 2018.

Chris Coldren, Lumentum's Senior Vice President Strategy and Corporate Development, has been appointed interim Chief Financial Officer effective immediately. Matt Sepe Lumentum's Vice President of Finance and Corporate Controller will immediately assume the position of Chief Accounting Officer.

"On behalf of all of us at Lumentum, I want to thank Aaron for his many contributions to the growth of Lumentum over the past three years.  He was instrumental in helping Lumentum achieve many milestones, and he leaves the company in a much stronger financial position," said President and CEO Alan Lowe.

"I'm excited about the contributions Chris and Matt will make in their expanded roles. Chris has played a central role on my leadership team from a strategic perspective and leading our engagements with the investing community.  We have great confidence in our entire finance team, and Matt is well prepared to assume his new key leadership position here at Lumentum.  Additionally, we continue to remain confident in our existing financial guidance."

Lumentum will retain an executive search firm and commence a formal search for a permanent Chief Financial Officer. Mr. Tachibana's departure is not related to any financial performance, policy, or control issues or any disagreements on accounting or financial reporting matters.

Lumentum reaffirmed its fiscal fourth quarter 2018 outlook that was provided on May 2, 2018. 

About Lumentum

Lumentum (NASDAQ:  LITE) is a market-leading manufacturer of innovative optical and photonic products enabling optical networking and commercial laser customers worldwide. Lumentum's optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum's commercial lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in Milpitas, California with R&D, manufacturing, and sales offices worldwide. 

Contact

E-mail: info@lumentum.com

Web Site: www.lumentum.com