Alessandrini to Helm Avanex Board

Has been elected Chairman of the Board and CEO; Paul R. Engle, ex-Agilent, is joining Avanex as President and COO

September 18, 2000

1 Min Read

FREMONT, Calif. -- Avanex Corporation (Nasdaq: AVNX) announced today that Walter Alessandrini, who has served as President and Chief Executive Officer of Avanex since early 1999, has been elected Chairman of the Board and Chief Executive Officer of the company. The company also announced today that Paul R. Engle, formerly vice president and general manager of the Fiber Optic Communications Division of Agilent Technologies, is joining Avanex as President and Chief Operating Officer, effective Tuesday, Sept. 19.

"In just one year we have grown from 60 to over 1,000 employees, from 20,000 to 252,000 square feet of facilities, from $510,000 to over $40 million in revenues," said Alessandrini. "To manage and extend that pace of growth, and continue to build a strong and profitable company, we needed to expand our management depth by bringing in a heavy-hitter with a strong and successful operational background. Paul Engle fits that description perfectly. His background with major companies such as Agilent, Hewlett Packard, Rockwell International and Texas Instruments gives him the perspective and knowledge to keep our day-to- day operations at a sustained level of excellence."

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