Updated from 8:28 a.m. EDT
The chief executive of
, Kevin Kalkhoven, announced his retirement Thursday.
The company's president and chief operating officer, Jozef Straus, has been named the high-tech company's new leader.
Kalkhoven, 55, also retired from his post as co-chairman but will remain as an adviser to the company through the end of fiscal 2001.
Straus, 53, co-founded
, which merged with Uniphase last year.
The San Jose-based company is a global supplier of components and modules for the fiber-optic telecommunications industry.
Shares of JDS Uniphase were down 3 1/4, or 4%, to 89 1/4 in midday trading Thursday. (JDS Uniphase closed down 5 5/8, or 6%, at 86 7/8.)