Avanex (AVNX) says its finance chief has quit and a board member is stepping down.
The optical component maker said Wednesday that CFO Richard Yonker has resigned and that his interim replacement is Tony Riley. Also, director Joe Miller will resign from the board Oct. 27 to take expanded responsibilities at his employer,
"We are pleased that Tony, who currently serves as Avanex's corporate controller, will fill this important role," CEO Jo Major said in a press release.
Earlier this week, the Freemont, Calif., networking shop was notified by the
that its stock would be delisted from the exchange.
Avanex shares dropped 3 cents to 87 cents in after-hours trading Wednesday.