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30 December 2009


Finisar appoints new director

Finisar Corp of Sunnyvale, CA, USA, which makes fiber-optic communications components and subsystems as well as network test & measurement systems, has appointed Thomas E. Pardun to fill an existing vacancy on its board of directors.

Morgan Jones of Battery Ventures, who had served as a board member since completing the merger of optical subsystem maker Optium Corp of Horsham, PA, USA in August 2008, previously announced his decision not to stand for re-election at Finisar’s annual meeting of stockholders held on 18 November. “I would also like to thank Morgan Jones for his service and his valuable contributions following the Optium merger,” says executive chairman Jerry Rawls.

Finisar’s board consists of nine directors who are elected to staggered three-year terms. Pardun will serve as a director until the annual meeting of stockholders in 2012.

Pardun has been chairman of Western Digital Corp (one of the world's largest manufacturers of hard-disk drives for the PC and home entertainment markets) from January 2000 until January 2002 and again since April 2007. He worked for eight years in various positions at MediaOne and its predecessor company U S West, most recently as president of MediaOne International Asia-Pacific before retiring in July 2000. Prior to U S West, he was president of the Central Group for Sprint. Previously, Pardun held various management positions during a 19-year tenure with IBM, concluding as director of Product Line Evaluation at IBM's New York marketing headquarters.

“His background in both high-volume manufacturing and the telecommunications industry gives him a valuable perspective from which to guide our company in the years ahead,” says Rawls.

See related item:

Finisar’s capacity constraints suppress profit margin despite upturn

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