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Kambiz Hooshmand Joins Infinera Board, Succeeding Alexandre Balkanski
| Source: Infinera
SUNNYVALE, CA--(Marketwire - December 15, 2009) - Infinera (NASDAQ : INFN ) announced today that
Kambiz Hooshmand, a veteran with 25 years of experience in the
communications, networking, semiconductor and telecom industries, has
joined the Infinera board of directors. Mr. Hooshmand succeeds Alexandre
Balkanski Ph.D., who is stepping down from the board after serving since
2001.
"We are grateful to Alex Balkanski for his service as a board member
practically since the inception of Infinera," said Jagdeep Singh, chairman,
co-founder and chief executive officer of Infinera. "His vision, counsel
and experience have been invaluable as we have grown Infinera from startup
to a publicly-owned and leading optical transport company."
Mr. Hooshmand brings considerable strategic and operating experience to
Infinera's board as the company continues to broaden its product offerings
and global reach in the optical networking industry He was recently CEO
and president of Applied Micro Circuits ("AMCC") where he helped launch the
company into the 10G Ethernet & optical transport networks markets and
helped significantly increase AMCC revenues. During this tenure, AMCC
became a recognized leader in the emerging data center application market.
Prior to joining AMCC in 2005, Mr. Hooshmand was with Cisco Systems, Inc.
for nine years, most recently as general manager & group vice president for
optical & broadband. Earlier, Mr. Hooshmand was with StrataCom and Rolm
Corporation. Mr. Hooshmand has a M.S. in Engineering Management from
Stanford University.
"I'm very pleased to join the board of Infinera," said Mr. Hooshmand.
"Infinera has pioneered exciting and innovative technologies and I look
forward to participating in the company's future growth and development."
"We are pleased to welcome Kambiz to our board," said Infinera Chief
Operating Officer Tom Fallon. "He brings valuable experience with
technologies and markets that will serve us well as we continue to grow our
business." A member of the board, Tom Fallon will assume the role of
Infinera CEO on January 1, 2010.
About Infinera
Infinera provides Digital Optical Networking systems to telecommunications
carriers worldwide. Infinera's systems are unique in their use of a
breakthrough semiconductor technology: the photonic integrated circuit
(PIC). Infinera's systems and PIC technology are designed to provide
customers with simpler and more flexible engineering and operations, faster
time-to-service, and the ability to rapidly deliver differentiated services
without reengineering their optical infrastructure. For more information,
please visit http://www.infinera.com/.
This press release contains certain forward-looking statements based on
current expectations, forecasts and assumptions that involve risks and
uncertainties. These statements are based on information available to
Infinera as of the date hereof; and actual results could differ materially
from those stated or implied, due to risks and uncertainties.
Forward-looking statements include statements regarding Infinera's
expectations, beliefs, intentions or strategies regarding the future,
including statements about the company's products and technologies. Such
forward-looking statements can be identified by forward-looking words such
as "anticipated," "believed," "could," "estimate," "expect," "intend,"
"may," "should," "will," and "would" or similar words. The risks and
uncertainties that could cause our results to differ materially from those
expressed or implied by such forward-looking statements include aggressive
business tactics by our competitors, our dependence on a single product,
our ability to protect our intellectual property, claims by others that we
infringe their intellectual property, our manufacturing process is very
complex, product performance problems we may encounter, our dependence on
sole or limited source suppliers, our ability to respond to rapid
technological changes, our ability to maintain effective internal controls,
the ability of our contract manufacturers to perform as we expect, a new
technology being developed that replaces the PIC as the dominant technology
in optical networks, general political, economic and market conditions and
events, including war, conflict or acts of terrorism; and other risks that
may impact Infinera's business are set forth in our annual report Form
10-K, which was filed with the SEC on February 17, 2009, as well as
subsequent reports filed with or furnished to the Securities and Exchange
Commission. These statements are based on information available to us as of
the date hereof and we disclaim any obligation to update the
forward-looking statements included in this press release, whether as a
result of new information, future events or otherwise.