Ciena Appoints Michael Nevens to Board of Directors
HANOVER, Md. -- February 5, 2014
Ciena^® Corporation (NYSE: CIEN), the network specialist, today announced that
T. Michael Nevens has been appointed to Ciena’s Board of Directors. Mr. Nevens
also serves on the board of directors of NetApp, Inc. and Altera Corporation.
Mr. Nevens, 64, currently serves as senior adviser at Permira Advisers, LLC,
an international private equity fund with 21 billion euros of funds under
management. From 1980 until 2002, Mr. Nevens held various leadership positions
at McKinsey & Co, Inc., most recently as a director (senior partner) and as
managing partner of the firm’s Global Technology Practice. He also served on
the board of the McKinsey Global Institute, which conducts research on
economic and policy issues.
“Mike brings substantial experience with a wide variety of companies and their
corporate strategies, including other global, high technology companies, both
as a private equity adviser and management consultant,” said Gary Smith,
president and CEO of Ciena. “His expertise in the areas of strategic business
planning and competitive strategy, as well as his strategic insight on
corporate governance changes affecting public companies, will be valuable in
assessing and executing our strategy for long-term growth.”
Mr. Nevens received a B.S. in Physics from the University of Notre Dame and a
Master of Science in Industrial Administration from the Krannert School of
Management at Purdue University, where he was designated a Krannert Scholar.
Ciena (NYSE: CIEN) is the network specialist. We collaborate with customers
worldwide to unlock the strategic potential of their networks and
fundamentally change the way they perform and compete. Ciena leverages its
deep expertise in packet and optical networking and distributed software
automation to deliver solutions in alignment with its OP^n architecture for
next-generation networks. We enable a high-scale, programmable infrastructure
that can be controlled and adapted by network-level applications, and provide
open interfaces to coordinate computing, storage and network resources in a
unified, virtualized environment. For updates on Ciena news, follow us on
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Note to Ciena Investors
Forward-looking statements. This press release contains certain
forward-looking statements based on current expectations, forecasts and
assumptions that involve risks and uncertainties. These statements are based
on information available to the Company as of the date hereof; and Ciena's
actual results could differ materially from those stated or implied, due to
risks and uncertainties associated with its business, which include the risk
factors disclosed in its Report on Form 10-K, which Ciena filed with the
Securities and Exchange Commission on December 20, 2013. Forward-looking
statements include statements regarding Ciena's expectations, beliefs,
intentions or strategies regarding the future and can be identified by
forward-looking words such as "anticipate," "believe," "could," "estimate,"
"expect," "intend," "may," "should," "will," and "would" or similar words.
Ciena assumes no obligation to update the information included in this press
release, whether as a result of new information, future events or otherwise.
Nicole Anderson, 410-694-5700
Gregg Lampf, 410-694-5700
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