ADVA Optical Networking Appoints Ulrich Dopfer as New Chief Financial Officer

ADVA Optical Networking SE / ADVA Optical Networking Appoints Ulrich Dopfer as New Chief Financial Officer . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

 
 
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Martinsried/Munich, Germany. January 2, 2015. ADVA Optical Networking (FSE: ADV) announced the appointment of Ulrich Dopfer as Chief Financial Officer (CFO), effective January 1, 2015. Ulrich Dopfer will take over the role of CFO and president of our North American subsidiary from Jaswir Singh, who has served in this position since 2007. Ulrich Dopfer, previously the company's vice president of financial planning & analysis and corporate services has served in various financial and business roles at ADVA Optical Networking since 2004. Jaswir Singh left ADVA Optical Networking on December 31, 2014. Christoph Glingener, who has been serving as Chief Technology Officer (CTO) since 2007, will take over ADVA Optical Networking's industry leading operations team headed by Paulus Bucher, senior vice president global operations, in order to integrate research and development, new product introduction and global operations into a unified development operations team.

"As we optimize our company for success in a challenging macroeconomic environment, changes to our management board reflect our promise to ADVA Optical Networking's shareholders, to continue to optimize our costs, add flexibility to our operations capacity and invest appropriately in revenue-generating activities,  key ingredients for sustainable growth," stated Brian Protiva, Chief Executive Officer of ADVA Optical Networking. "Dopfer is the right fit and the right Chief Financial Officer to lead ADVA Optical Networking in a new market dynamic, determined by fierce competition and rapid innovation. His tenacity, fresh perspective and overwhelming support from our employees will enable us to approach the coming years with the best ideas and the soundest strategy possible. A proven leader, Ulrich Dopfer brings valuable business instinct and dedication to our organization to further develop the structures and processes necessary to support profitable growth. We are very excited and look forward to adding Dopfer's leadership and talent to our executive team."