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Employment

Avanex Appoints CFO

FREMONT, Calif. -- Avanex Corporation (NASDAQ:AVNX) , a pioneer of intelligent photonic solutions that enable next-generation optical networks, today announced it has appointed Marla Sanchez as senior vice president and chief financial officer (CFO) and Yves Le Maitre as chief marketing officer (CMO).

Sanchez brings to Avanex over 20 years of experience in international finance, cost accounting, controllership and strategic planning. Prior to joining Avanex, she was the interim chief financial officer at a portfolio company for SDL Ventures, a Silicon Valley investment firm specializing in early stage funding for optical technologies. Prior to that, Sanchez served as corporate controller for SDL, Inc., where she was responsible for all financial reporting, improving the quarterly close process, managing and building the finance team and financially integrating acquisitions. Sanchez was also the director of manufacturing finance and cost systems for VLSI Technology and held controllership positions for Diasonics Corporation and Ridge Computers. She also held positions at Advanced Micro Devices and Four Phase Systems. Sanchez earned a M.B.A. in finance from the University of Santa Clara and a M.S. and B.S. in biological science from Stanford University.

Effective Oct. 27, Sanchez succeeds Cal R. Hoagland, who departed the company. Sanchez is responsible for all areas of finance, corporate planning and administration for the company.

"We are so pleased to have Marla join Avanex as our CFO. Over the past couple of months, she worked with the company in a consulting role and was instrumental in helping the team file the Form 10-K. Marla will provide the company with strong financial leadership and expertise," said Major.

Avanex Corp. (Nasdaq: AVNX)

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