11 October 2013

Oclaro’s chief financial officer resigns

Oclaro Inc of San Jose, CA, USA, which provides lasers and optical components, modules and subsystems for optical communications, says that its chief financial officer Jerry Turin plans to resign on 8 November to pursue other opportunities. The firm expects to name a successor on or before 8 November.

“Over his nearly 8 years at Oclaro, Jerry has played an instrumental role in building key relationships in the financial community, managing the Finance function, and supporting Oclaro’s various mergers and acquisitions,” says CEO Greg Dougherty. “We are grateful for his years of service to the company.”

Turin joined Oclaro in 2005 as corporate controller. He was later promoted to vice president of finance before assuming the role of chief financial officer in 2008.

“I have enjoyed the many experiences and relationships I have built over the past eight years at Oclaro,” comments Turin. “As I move onto my next career opportunity, I wish the Oclaro team well as they work to execute on the restructuring and turnaround plans.”

In September Oclaro sold its Oclaro Switzerland GmbH subsidiary and associated GaAs laser diodes business for $115m to II-VI Inc, followed by the sale of its optical amplifier and micro-optics business to II-VI this week for $88.6m.

See related items:

II-VI to buy Oclaro’s amplifier and micro-optics business for $88.6m

Oclaro sells Zurich GaAs laser diode business to II-VI for $115m

Oclaro’s revenue falls 4% quarter-on-quarter

Tags: Oclaro

Visit: www.oclaro.com