Avanex Promotes Engle to CEO

FREMONT, Calif. – Avanex Corporation (Nasdaq: AVNX), pioneer of photonic processors that accelerate the deployment of the next-generation optical networks, today announced that Paul Engle, President and Chief Operating Officer, would become Chief Executive Officer of the company effective July 1, 2001.

Walter Alessandrini, Chairman of the Board and CEO of the company, made the announcement in a conference call with industry analysts and investors held after close of market today. In his comments, Alessandrini said he intends to continue as Chairman of the company through the end of calendar year 2003.

Engle joined Avanex in September 2000 as its President and COO, and has extensive experience in the fiber optics industry and a successful record in management positions with some of world’s leading technology companies.

Avanex Corp.
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