29 October 2013

Oclaro appoints VP, corporate finance Pete Mangan as chief financial officer

Oclaro Inc of San Jose, CA, USA (which provides lasers and optical components, modules and subsystems for optical communications) has appointed Pete Mangan, a 30-year technology finance veteran, as chief financial officer (effective 11 November). Currently VP, corporate finance for Olaro, he will succeed Jerry Turin, who previously announced plans to resign on 8 November to pursue other opportunities. Mangan will report directly to CEO Greg Dougherty.

“As vice president of corporate finance, Pete has been an instrumental leader in helping drive our restructuring plan,” comments Dougherty. “His financial discipline and his wealth of experience in finance, restructuring and technology businesses are a strong complement to the executive team and we anticipate a seamless transition into his new role as CFO.”

Mangan joined Oclaro in May 2012. He has since been responsible for the global operations finance team and recently the corporate accounting and tax group. He has nearly 30 years of experience in finance positions with firms including AMD, Trident Microsystems, FormFactor, Spansion, Asyst Technologies, and Sun Microsystems. Mangan was CFO at Trident Microsystems from 1996 to 1998 and again from 2008 to 2012. He has a bachelor's degree in Business Economics from UC Santa Barbara.

“Oclaro is making progress on its plans to return the company to fiscal stability,” says Mangan. “Our recently announced divestitures [of the Oclaro Switzerland GmbH subsidiary and associated laser diodes business in September and the optical amplifier and micro-optics business in October, both to II-VI Inc] are an important step in restructuring the company.”

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