Lawton W. Fitt Joins CIENA Board of Directors.Business Editors LINTHICUM, Md.--(BUSINESS WIRE)--Nov. 3, 2000 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 Lawton W. Fitt, Managing Director, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Group, has joined CIENA's Board of Directors. "Lawton's insight and broad industry exposure will be valuable to CIENA as we further expand our role in intelligent optical networking and pioneer new market opportunities," 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 Chief Executive Officer and Chairman of the Board. "We are pleased to welcome her to CIENA's Board." Ms. Fitt, 47, a partner at Goldman Sachs since 1994 and managing director since 1996, has been involved in investment banking and equity underwriting for high-technology companies, including numerous initial public offerings in the Internet, software and communications equipment sectors. Ms. Fitt currently is co-head of Goldman Sachs' European High Technology Investment Banking Group. "As an established leader in pure intelligent optical networking, CIENA is helping to define an industry," Ms. Fitt said. "This appointment will allow me to contribute to the strategic direction of a dynamic company that is building the public network into a more strategic asset for service providers and their customers." In addition to chairing the Corporate Financing Committee Corporate financing committee A committee of the NASD that reviews underwriters' SEC-required documents to ensure that proposed markups are fair and in the public interest. of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , Ms. Fitt also serves as a director on the boards of Wink Communications, Inc., and e-Steel Corporation. Ms. Fitt received an A.B. in European History from Brown University and her M.B.A. from the Darden School of the University of Virginia. 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 http://www.ciena.com. |
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