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NeoPhotonics Names Dmitry Akhanov To Board Of Directors President And CEO Of Rusnano USA Joins NeoPhotonics Board

Stocks in this article: NPTN

NeoPhotonics today announced the appointment of Mr. Dmitry Akhanov to the company’s Board of Directors.

During his professional career, Mr. Akhanov has had significant experience in infrastructure utilities, government and in the energy sector in Russia. Since 2010, Mr. Akhanov has been the President and CEO of Rusnano USA, Inc. Previously, Mr. Akhanov was the Head of the Russian Federal Energy Agency, which was responsible for the implementation of national energy policy and management of state-owned energy assets (oil & gas, coal and electricity industries). Mr. Akhanov also served asthe head of the Strategy Department of RAO UES (a state-owned electric power holding company in Russia), where he was actively involved in developing and implementing strategy for the restructuring of the electricity sector of Russia, and forming a new industry structure and electricity market model. In conjunction with this, Mr. Akhanov also implemented a number of corporate projects for the separation, merger and acquisition of major energy companies in Russia. Mr. Akhanov has extensive experience in strategic planning, corporate finance and investor relations.

“We look forward to the insight and other contributions Dmitry will provide as the Board guides the company during this period of exciting opportunity in the optical networking sector, said Tim Jenks, CEO and Chairman of the Board. “Furthermore, we expect his personal experiences in the Russia market will bring an important new dimension to the Board, especially with regards to developing new markets.”

“I am impressed with NeoPhotonics technology and market development to become one of the leading suppliers of optical components for a variety of broadband access and high-capacity backbone networks around the world,” said Mr. Akhanov. “I believe the company has an important market position by virtue of its advanced PIC technology and commitment to customer service.”

Mr. Akhanov was appointed as the designated nominee of Open Join Stock Company “RUSNANO”, who has a contractual right to designate one nominee to the company’s Board of Directors. Mr. Akhanov replaces the previous nominee Sergery Polikarpov, who resigned from the Board in connection with Mr. Akhanov’s appointment. Mr. Akhanov holds a Bachelor's Degree in economics and law and a Master's Degree in economics from the Peoples' Friendship University in Russia.

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