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7 January 2008


Cree expands board with Tekelec chief

LED maker Cree Inc of Durham, NC, USA has appointed Frank Plastina, president, CEO and director of publicly traded telecoms network systems and software provider Tekelec of Morrisville, NC, to its board of directors, as well as to the board’s Audit Committee and its Governance and Nominations Committee.

Picture: Frank Plastina.

“Frank's experience and insight as CEO of a company accelerating the transition to high-performance, efficient, converged networks will expand the breadth and strength of our board,” says chairman and CEO Chuck Swoboda. “This transformational insight should be very helpful to Cree as we pursue our strategy to replace traditional lighting solutions with energy-efficient, environmentally friendly LED lighting.”

Plastina has been Tekelec’s president and CEO as well as a board member since February 2006. Previously, Plastina was an executive-in-residence at private equity firm Warburg Pincus LLC. From 2003 until 2005, he held various executive positions with Proxim Corp (a provider of wireless infrastructure equipment for wireless fidelity and wireless broadband markets), including executive chairman from January 2005 to July 2005, and president and CEO and director from May 2003 to December 2004. From 1987 to 2002, Plastina held various management and executive positions at Nortel Networks.

See related item:

Cree’s rising expenses lead to operating loss

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