JDSU Names New CEO

JDSU names Thomas Waechter president and CEO

December 18, 2008

1 Min Read

MILPLITAS, Calif. -- JDSU (NASDAQ: JDSU; and TSX: JDU) today announced that Thomas Waechter has been promoted to president and chief executive officer of JDSU effective January 1, 2009. Mr. Waechter will also be appointed to JDSU’s Board of Directors.

Waechter is currently president of JDSU’s largest business segment, Communications Test and Measurement, with responsibility for the overall business. Prior to joining JDSU in 2007, Waechter held a wide variety of executive positions including chief executive officer for three public companies. As president and chief executive officer of Stratex, he substantially grew revenue and improved profitability and was instrumental in driving the merger of Stratex and Harris, a leading independent supplier of wireless transmission systems.

Waechter’s experience also includes a 14-year career with the multi-national Schlumberger where he gained significant experience in international business. Over the last eight years he has gained detailed knowledge and experience within the telecommunications industry as the chief executive officer and chief operating officer of a number of public companies serving that market.

“After a thorough search process we believe we have selected the candidate that best matches the requirements for leading the company during these challenging economic times,” said Marty Kaplan, chairman, JDSU’s Board of Directors. “Since joining JDSU last year Tom has already made significant contributions to the company’s success through operational excellence as well as strategic acquisitions. Tom’s extensive leadership experience will serve the company well.”

JDSU (Nasdaq: JDSU; Toronto: JDU)

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