CIENA Organizes for Growth, Announces Organizational Changes and Key Appointments.Business Editors/Hi-Tech Writers LINTHICUM, Md.--(BUSINESS WIRE)--May 29, 2001 CIENA Corporation Ciena Corporation NASDAQ: CIEN develops and markets communications network platforms and software, and offers professional services. The Company's broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CIEN CIEN Ciena Corporation (stock symbol) ), a global leader in intelligent optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. systems and software, today announced organizational changes and key executive appointments aimed at supporting CIENA's continued growth. As part of those changes, Steve Chaddick assumes an expanded role as CIENA's Chief Strategy Officer. In addition to his previous responsibilities as Senior Vice President of Systems and Technology, Chaddick will be tasked with driving integrated product strategies across the product lines. As Chief Technology Officer, Steve Alexander's responsibilities have been increased to include Systems Technology as well as Network Architecture. Together with Chaddick, Alexander will play a pivotal role in defining CIENA's strategies for intelligent optical networking technologies, systems and solutions. To facilitate greater focus on CIENA's new generation of metropolitan transport products, Jesus Leon will assume leadership of a newly created Metropolitan Transport Division based in Atlanta. Leon's new title will be Senior Vice President of the Metropolitan Transport Division. As CIENA continues to expand its global presence, all customer-facing functions have been realigned into a single worldwide organization. This organization will be focused on providing all sales and support activities to customers on a regional basis. Michael McCarthy
Michael McCarthy (born 1976) is an Irish politician and member of the 23rd Seanad Éireann for the Labour Party. He was also a member of the 22ns Seanad. has been named Senior Vice President, Worldwide Sales and Support, and is now charged with directing these activities across CIENA's global organization. "CIENA has grown at a rapid pace and has successfully achieved a leading position in next-generation optical networking. Today's changes are designed to leverage our seasoned management team as we proactively scale our organization while remaining both agile and focused," said Gary Smith Gary Smith may refer to:
ABOUT CIENA CIENA Corporation's market-leading optical networking systems form the core for the new era of networks and services worldwide. CIENA's LightWorks(TM) architecture enables next-generation optical services and changes the fundamental economics of service-provider networks by simplifying the network and reducing the cost to operate it. Additional information about CIENA can be found at www.ciena.com. NOTE TO INVESTORS This press release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. based on current expectations, forecasts and assumptions of CIENA (the Company) that involve risks and uncertainties. Forward-looking statements in this release, including, but not limited to, the cost savings, deployment timing and network management benefits of the Company's products, are based on information available to the Company as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . The Company's actual results could differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with the Company's business, which include the risk factors disclosed in the Company's Report on Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission on May 27, 2001. Forward-looking statements include statements regarding the Company'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. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion