Light Reading

NanoOpto Names CFO, Director

Light Reading
News Wire Feed
Light Reading

SOMERSET, N.J. -- NanoOpto Corporation, who is applying novel design methods and proprietary nano-fabrication technology to produce a broad range of unique optical components that enable higher quality, low-cost optical components and systems, today announced that Andrew Savadelis has joined the company as its Chief Financial Officer.

Savadelis brings over 25 years of experience in Finance, Operations, Planning, and Sales to NanoOpto. Prior to joining NanoOpto, Savadelis was CFO, SVP Finance, and Board Member at Alfacell Corporation, where he was responsible for closing the single largest financing in the company’s history. Previously, Savadelis has held executive positions as CFO and SVP Finance at Orchid BioSciences Inc.; Principal at Stratus Photonics; CFO and EVP Finance at eMagin Corporation; Treasurer and Director M&A and Director Investor Relations at Anadigics; and Manager Corporate Treasury at Bristol-Myers Squibb Company. Savadelis holds a B.S. in Biology from Albright College and an MBA from Cornell University.

“NanoOpto is excited to have an executive of Andrew’s caliber and experience joining its team,” said Barry Weinbaum, President and CEO of NanoOpto. “He will play a critical role as we continue to grow NanoOpto, simultaneously expanding our customer base and making the infrastructure investments to support our ability to deliver products in volume.”

In a separate release:

NanoOpto Corporation, who is applying novel design methods and proprietary nano-fabrication technology to produce a broad range of unique optical components that enable higher quality, low-cost optical components and systems, today announced that Richard E. Hegberg, Senior Vice President of World Wide Sales at ATI Technologies has joined its Board of Directors. The addition of Hegberg is a planned progression to bring independent industry leaders onto the NanoOpto Board and is in concert with the direction set in the C round venture financing closed earlier this year.

Hegberg joined ATI Technologies in 2003, where his role as SVP includes driving revenue growth and establishing strategic relationships and partnerships with key customers in targeted markets. Prior to joining ATI, Hegberg was recruited as the first full-time CEO of NetOctave, Incorporated, where his responsibilities included helping raise $18M and building out an Engineering team that designed and delivered 3 ASICs.

Prior to that, Hegberg was VP of Sales at Agere Semiconductor from 1997 to 2001; VP Worldwide Sales & Marketing at Trident Semiconductor from 1996 to 1997; VP at VLSI Technology from 1991 to 1996; and Founder and VP of Sales and Marketing at Electronic Designs Inc. from 1986 to 1991.

Hegberg holds a BSEE degree from Marquette University.

“We are pleased to welcome Rich Hegberg to the NanoOpto board as we enter the next stage of our company’s growth,” said Barry Weinbaum, President and CEO of NanoOpto. “As NanoOpto expands its product offerings, market applications, and production capability for both consumer optics and communications, we look forward to leveraging Rich’s experience in these areas.”

NanoOpto Corp.

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
From The Founder
The comms industry is rallying to the cause of open, independent interoperability testing.
Flash Poll
Live Streaming Video
CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
LRTV Interviews
AT&T's Chiosi on the Potential of Open Source

10|6|15   |   06:27   |   (0) comments

AT&T Distinguished Network Architect Margaret T. Chiosi talks to Light Reading's Carol Wilson about the potential for open source technology to liberate communications service providers.
LRTV Interviews
Network Security in a Gigabit World

10|6|15   |   05:52   |   (0) comments

Masergy's James Harrison talks about some of the network security and data center issues network operators need to consider as they expand their broadband services portfolios.
LRTV Documentaries
Telefónica: In Search of Virtual Simplicity

10|5|15   |   07:30   |   (0) comments

Francisco-Javier Ramon Salguero, head of Telefónica's NFV initiative, admits virtualization initially means greater complexity, but with the right abstraction layer, it is possible to create a services-driven network architecture. He explains how Telefónica's current trials and initiatives are aimed at doing that, and what his company and other carriers need to ...
LRTV Interviews
Gigabit Europe Takeaways

10|5|15   |   03:47   |   (0) comments

Participants from the inaugural Gigabit Europe event in Munich share their key takeaways from the conference.
Women in Comms Introduction Videos
Intel Urges Women to Take Advantage of Their Seat at the Table

10|5|15   |   4:27   |   (1) comment

Have inclusive and constructive conversations, attach a bigger meaning to your work and get involved in the cause, Intel's Monique Hayward advises women in comms.
LRTV Interviews
BT Updates on Plans

10|2|15   |   03:16   |   (2) comments

Peter Bell, CIO at Openreach, the access network division at UK incumbent BT, provides an update on the operator's trials and how Openreach is planning to deploy the broadband technology in its street cabinets.
Telecom Innovators Video Showcase
Sonus Shakes Up SD-WAN

10|2|15   |   7:22   |   (0) comments

Sonus CTO Kevin Riley sat down with Light Reading to discuss the trajectory of the company, its SDN ambitions and why Sonus is taking a market-disruptive approve to SD-WAN.
LRTV Interviews
CityFibre's Gigabit Vision

10|1|15   |   03:18   |   (1) comment

Mark Collins, director of Strategy & Public Affairs at competitive UK city network operator CityFibre, talks about his company's plans to help build Gigabit Cities.
Telecom Innovators Video Showcase
Automate, Scale & Create With Juniper's vCPE Solution

10|1|15   |   6:34   |   (0) comments

Join Kireeti Kompella, Juniper Networks CTO, and Steve Saunders, Light Reading Founder and CEO, as they discuss Juniper Networks' approach to NFV showcased with a turnkey vCPE solution, which demonstrates how service providers can use automation to rapidly deploy services.
LRTV Interviews
Gigabit Europe: Day 1 Takeaways

9|29|15   |   05:47   |   (5) comments

Light Reading's Ray Le Maistre and Iain Morris sup a beer and discuss some of the key takeaways from the first day of Gigabit Europe 2015.
LRTV Interviews
Gigabit in Europe

9|29|15   |   04:24   |   (0) comments

At the Gigabit Europe 2015 event in Munich, Heavy Reading's Graham Finnie talks about the availability of gigabit broadband in Europe.
Women in Comms Introduction Videos
AT&T's Band of Women

9|28|15   |   4:36   |   (0) comments

Brooks McCorcle, the president of AT&T's partner solutions divisions and a mathematician by trade, shares stats on AT&T's diversity and advice on how to create your own band of women at work.
Upcoming Live Events
October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
November 5, 2015, Hilton Santa Clara, Santa Clara, CA
November 17, 2015, Santa Clara, California
December 1, 2015, The Westin Times Square, New York City
December 2, 2015, The Westin Times Square, New York City
All Upcoming Live Events
Communication service providers realize that an ICT transformation is critical to their long-term survival, but most haven't yet committed to making it happen.
Hot Topics
Verizon's Go90 Is Live – Will Anyone Watch?
Mari Silbey, Senior Editor, Cable/Video, 10/1/2015
Eurobites: Dunroamin'
Paul Rainford, Assistant Editor, Europe, 10/2/2015
Cisco's Chambers Rules Out Political Bid
Mitch Wagner, West Coast Bureau Chief, Light Reading, 10/6/2015
McKinsey: Women Less Likely to Advance at Work
Sarah Thomas, Editorial Operations Director, 10/1/2015
Sprint to Cut Up to $2.5B in 6 Months
Sarah Thomas, Editorial Operations Director, 10/2/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
With so many new and exciting communications technologies now under development, it's easy to get caught up in the industry's escalating hype cycle. That's why the ...
Last week saw a big day in the 15-year history of Light Reading when Editor-in-Chief Ray Le Maistre and I were invited to interview the Deputy Chairman and Rotating ...
Cats with Phones
Hold My Calls, Indefinitely Click Here