News: Optoelectronics
13 December 2024
Lumentum expands board to nine members by adding Paul Lundstrom
Lumentum Holdings Inc of San Jose, CA, USA (which designs and makes optical and photonic products for cloud, optical networking and industrial and consumer laser applications) has appointed Paul Lundstrom to its board of directors, expanding the membership to nine members (eight of whom are independent).
“He brings a wealth of knowledge and expertise in corporate finance, manufacturing and business transformation,” comments board chair Penelope Herscher. “He will provide valuable insights as Lumentum executes its long-term strategy to grow its business and shareholder value,” she adds.
“Lumentum has significant opportunities for growth with its portfolio of foundational photonic technologies that underpin the explosive growth we are seeing in artificial intelligence and cloud infrastructure,” believes Paul Lundstrom. “I look forward to working together with the senior leadership team and the rest of the Lumentum’s board of directors to capitalize on these compelling opportunities and to help build lasting value for shareholders.”
Lundstrom is currently chief financial officer at sustainable climate solutions firm Copeland. Prior to Copeland, he was CFO of Flex Ltd, where he was a key member of the team that led the analysis, carve-out and IPO for Nextracker, and served as a member of the Nextracker board of directors. Prior to Flex, Lundstrom was CFO of Aerojet Rocketdyne. He has also held a number of senior finance leadership roles while at United Technologies.
Lundstrom has a Bachelor of Science degree from Truman State University and a Master of Business Administration degree from Columbia University.
Lumentum appoints Jae Kim as senior VP, general counsel & secretary
