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Date Announced: 10 Dec 2010
CEO departs laser diode maker after three years in charge.
FREMONT, Calif.--(BUSINESS WIRE)-- Opnext, Inc. (NASDAQ:OPXT - News), a global leader in optical modules and components, today announced that Gilles Bouchard has resigned from his position as Opnext’s Chief Executive Officer and President as well as from his seat on the company’s Board of Directors.
Harry Bosco, currently the non-executive Chairman of Board of Directors, will assume the position of CEO and President on an interim basis, effective today. The Board of Directors expects to commence a search for a permanent successor in the first half of 2011. Prior to assuming the position of Chairman in April of 2009, Mr. Bosco served as the CEO and President of Opnext since the formation of the company in November of 2000. Mr. Bosco will continue in his role as Chairman.
“Opnext has an experienced management team that will ensure the transition is seamless to our customers,” said Mr. Bosco. “We will continue to focus on serving our customers while driving the business toward profitable growth.”
“We are grateful to Gilles for all of his contributions to Opnext since he joined the company in 2007,” continued Mr. Bosco. “Gilles made numerous operational improvements to the company and helped set the future direction for the company. We wish him every success in the future.”
Dr. David Lee, Co-Chairman of Opnext’s Board of Directors, added, “Harry Bosco has been an integral part of the company’s leadership since 2000. He is a proven leader with deep knowledge of our company and the industry, and he has played a key role in positioning Opnext for growth. He is the ideal person to have at the helm during this management transition.”
Source: Opnext
E-mail: spavlovich@opnext.com
Web Site: www.opnext.com
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