Chaddick to Head CIENA's Core Switching Division.LINTHICUM, Md.--(BUSINESS WIRE)--July 9, 1999-- 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) ) today announced that Steve Chaddick, a founding member of CIENA's management team and currently CIENA's Senior Vice President, Strategy and Corporate Development, has been appointed acting President of CIENA's Core Switching Division. Chaddick replaces Jagdeep Singh who is resigning his positions with CIENA to pursue other interests. "Steve was instrumental in the success of CIENA's product development efforts and I'm pleased he has agreed to accept the role of acting Division President," said Patrick Nettles net·tle n. 1. Any of numerous plants of the genus Urtica, having toothed leaves, unisexual apetalous flowers, and stinging hairs that cause skin irritation on contact. 2. Any of various hairy, stinging, or prickly plants. , CIENA's president and chief executive officer. "I'm confident the strength of our Core Switching Division team combined with Steve's experience bringing products to market will ensure the development work on MultiWave CoreDirector(TM) remains on target for anticipated customer trials and general product availability." Chaddick joined CIENA in 1994 as Vice President, Product Development. He served as Senior Vice President, Products and Technologies from September 1996 through September 1998 when he assumed the role of Senior Vice President, Strategy and Corporate Development. Prior to joining CIENA, Chaddick was Vice President of Engineering at AT&T Tridom, a company he co-founded in 1983 and which was acquired by AT&T in 1988. Chaddick received both his B.S. and M.S. degrees in electrical engineering from the Georgia Institute of Technology Georgia Institute of Technology, in Atlanta, Ga.; coeducational; state supported; chartered 1885, opened 1888. It is a member school in the university system of Georgia. Significant among its facilities and programs are the Frank H. . He is also a board member of the Optical Internetworking Forum The Optical Internetworking Forum (OIF) was organized to facilitate and accelerate the development of next-generation optical internetworking products. The OIF produces Electrical, Tunable Laser, Very Short Reach Hardware Interfaces. (OIF OIF Operation Iraqi Freedom OIF Organisation Internationale de la Francophonie (French: International Organization of Francophonie) OIF Office for Intellectual Freedom (American Library Association) ). "Jagdeep was important in setting the early direction for Lightera and while we're disappointed with his decision to leave at this time, we remain grateful for his contributions and for the stellar team he assembled," concluded Nettles. Jagdeep Singh joined the CIENA Board of Directors in March of this year following CIENA's acquisition of Lightera Networks and was named President of CIENA's Core Switching Division. The company will commence an active search to find a permanent Core Switching Division President and the board of directors is currently in the process of selecting and interviewing potential candidates to fill CIENA's two board vacancies. NOTE TO INVESTORS Forward-looking statements in this release, including those referring to expectations that development work on MultiWave CoreDirector will remain on target for anticipated customer trials and general product availability, are based on information available to the Company as of the date hereof. 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 Quarterly Report on Form 10-Q Form 10-Q See 10-Q. as filed with the Commission on May 21, 1999 and as updated in an S-3 registration filed with the Commission on June 18, 1999. About CIENA Additional information about CIENA can be found on its worldwide Website: http://www.ciena.com. Based in Linthicum, Maryland, CIENA Corporation is a market leader of open architecture, optical transport systems using bandwidth enhancing dense wavelength division multiplexing See WDM. (DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing ) technology. CIENA's acquisitions of Lightera Networks and Omnia Communications are expected to broaden the company's product reach to include optical core switching and multi-service edge delivery. Through its CIENA Services subsidiary, CIENA also provides a range of engineering, furnishing and installation (EF&I) services for telecommunications service providers in the areas of transport, switching and wireless communications. |
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