Infinera Announces Resignation of CFO Effective February 28, 2014
SUNNYVALE, CA -- (Marketwired) -- 10/23/13 -- Infinera (NASDAQ:
INFN) today announced that chief financial officer Ita Brennan will
resign effective February 28, 2014 to pursue another opportunity at a
technology start-up. The Company will commence the process of
conducting a search for a new chief financial officer and expects to
announce a succession plan on or before her resignation date.
Ms. Brennan has served as Infinera's CFO since June 2010. She joined
Infinera in 2006 and served in various roles within the company's
finance group, prior to her promotion to CFO. Ms. Brennan will
continue to direct Infinera's finance activities as CFO until her
"We are grateful to Ita for her many years of service to Infinera,"
said Tom Fallon, chief executive officer of Infinera. "She has built
a strong financial team at the company and has been an outstanding
leader both inside and outside Infinera. We wish her the very best."
"I am grateful for the learning, experience and relationships I have
enjoyed in seven great years at Infinera," said Ms. Brennan. "I look
forward to seeing the company continue to grow and successfully
execute on the long-term strategy we have put in place."
Infinera is a leader in Intelligent Transport
Networks. Intelligent Transport Networks help carriers exploit the
increasing demand for cloud-based services and data center
connectivity as they advance into the Terabit Era. Infinera is unique
in its use of breakthrough semiconductor technology to deliver large
scale Photonic Integrated Circuit (PICs) and the application of PICs
to vertically integrated optical networking solutions that deliver
the industry's only commercially available 500 Gb/s FlexCoherent
super-channels. Infinera Intelligent Transport Network solutions
include the DTN-X, DTN and ATN platforms. Find more at
This press release contains forward-looking statements about
Infinera's business. Further information about the risks and
uncertainties that affect our business, is contained in the risk
factors section and other sections of our annual report on Form 10-K
filed with the Securities and Exchange Commission on March 5, 2013,
as well subsequent reports filed with or furnished to the SEC. These
reports are available on our website at www.infinera.com and the
SEC's website at www.sec.gov. Infinera assumes no obligation to, and
does not currently intend to, update any such forward-looking
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