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EX-10.1 - EXHIBIT 10.1 - OPNEXT INC | c09580exv10w1.htm |
8-K - FORM 8-K - OPNEXT INC | c09580e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
OPNEXT, INC. NAMES CHAIRMAN HARRY BOSCO
INTERIM CEO UPON RESIGNATION OF CEO GILLES BOUCHARD
INTERIM CEO UPON RESIGNATION OF CEO GILLES BOUCHARD
Fremont, CA. (December 10, 2010) Opnext, Inc. (NASDAQ: OPXT), a global leader in optical modules
and components, today announced that Gilles Bouchard has resigned from his position as Opnexts
Chief Executive Officer and President as well as from his seat on the companys 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 Opnexts Board of Directors, added, Harry Bosco has been an integral
part of the companys 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.
(OPXT-G)
About Opnext:
Opnext (NASDAQ:OPXT) is the optical technology partner of choice supplying systems providers and
OEMs worldwide with one of the industrys largest portfolio of 10G and higher next generation
optical products and solutions. The Companys industry expertise, future-focused thinking and
commitment to research and development combine in bringing to market the most advanced technology
to the communications, defense, security and biomedical industries. Formed out of Hitachi, Opnext
has built on more than 30 years experience in advanced technology to establish its broad portfolio
of solutions and solid reputation for excellence in service and delivering value to its customers.
For additional information, visit www.opnext.com.
Opnext Contacts: |
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Opnext Investor Relations
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WilkinsonShein Communications for Opnext | |
Steve Pavlovich
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Keira Shein | |
510/743-6833
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410/363-9494 | |
spavlovich@opnext.com
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keira@wilkinsonshein.com |