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News

1 August 2007

 

OCP elects Oplink CEO as non-executive chairman

The board of directors of fiber-optic component maker Optical Communication Products Inc of Woodland Hills, CA, USA has elected Joseph Y. Liu as non-executive chairman (succeeding Dr Muoi V. Tran, who resigned in June). Liu is currently president and CEO of photonic component, module, and subsystem maker Oplink Communications Inc.

On 6 June, Oplink completed its purchase of a 58.1% interest in OCP from The Furukawa Electric Co Ltd. On 19 June OCP agreed to Oplink acquiring its remaining shares (subject to approval of two-thirds of the outstanding OCP shares not currently held by Oplink).

OCP also agreed to the expansion of its board to nine members, with the appointment of Oplink board members Joseph Y. Liu, Leonard J. Leblanc, Chieh Chang and Jesse W. Jack, as well as Oplink officer Dr Robert Shih. The other board members are OCP’s president and CEO Philip F. Otto, and OCP’s independent directors Hobart Birmingham, Dr Stewart D. Personick and David Warnes.

Oplink and OCP intend this board composition to remain in effect until completion of the acquisition (expected in September). OCP will then become a privately held company and a subsidiary of Oplink.

See related items:

Oplink signs definitive agreement to acquire remaining shares of OCP

Oplink closes purchase of Furukawa’s stake in OCP and agrees to acquire remaining shares

Furukawa packs OCP’s board to facilitate its sale to Oplink

Court denies Oplink’s request to expedite proceedings against OCP

OCP losses worsen as it gears for China manufacturing transfer

Oplink files suit to challenge OCP’s ‘poison pill’

Oplink grows revenues 20%; agrees to acquire majority stake in OCP

Visit: http://www.ocp-inc.com