NeoPhotonics today announced the appointment of Mr. Charles J. (“Jay”) Abbe to the company’s Board of Directors.
Mr. Abbe served as president, chief operating officer and director of JDS Uniphase Corporation from February 2000 until his retirement in June 2001. In 1996, he joined Optical Coating Laboratory, Inc. (NASDAQ: OCLI) as vice president and general manager of its principal operating unit. He was promoted to president and chief operating officer in November 1997 and to chief executive officer in April 1998 and during his tenure the market capitalization of OCLI increased from approximately $125 million in 1996 to $1.3 billion in late 1999. The company was acquired by JDS Uniphase in February 2000 for $2.8 billion.
From 1990 to 1996, Mr. Abbe served in positions of increasing responsibility, including senior vice president, electronics sector, at Raychem Corporation. He practiced business consulting with McKinsey & Company in San Francisco from 1971 to 1989, serving the last seven years as a senior partner. Mr. Abbe began his career with the United States Air Force Rocket Propulsion Laboratory in Edwards, Calif.
Mr. Abbe also served as a director of Opnext, Inc., a publicly-traded optical communications company, from January 2009 until Opnext’s acquisition by Oclaro, Inc. (NASDAQ: OCLR) in July 2012, and has served as a director of Cymer, Inc (NASDAQ: CYMI), a semiconductor capital equipment company, since 2002.
“NeoPhotonics has become a leading vendor of integrated components for high speed applications and coherent networks through the advancement of its photonic integrated circuit technology,” said Mr. Abbe. “This company has an impressive core technology that offers tremendous potential for systems manufacturers and carriers to continue driving down their costs of delivery of bandwidth and flexible services in wireless and wireline networks.”
“Jay has a tremendous amount of experience in technology strategy and in telecom network business growth,” said Tim Jenks, CEO and Chairman of the Board. “And his personal achievements and insights for business expansion in these areas can bring an important new dimension to the Board.”