Liu Becomes OCP Chair

Optical Communication Products's board of directors announced that they have elected Joseph Y. Liu as non-executive chairman of the board

August 1, 2007

1 Min Read

WOODLAND HILLS, Calif. -- Optical Communication Products, Inc.'s (Nasdaq: OCPI) ("OCP") board of directors today announced that they have elected Joseph Y. Liu as non-executive chairman of the board. Mr. Liu is currently president and chief executive officer of Oplink Communications, Inc. (Nasdaq: OPLK) ("Oplink") and has been an OCP board member since his appointment on June 19, 2007. Mr. Liu succeeds Dr. Muoi V. Tran, who resigned in June.

On June 6, 2007, Oplink completed its purchase of a 58.1% interest in OCP from The Furukawa Electric Co., Ltd., and on June 19 Oplink and OCP signed a definitive merger agreement by which Oplink will acquire OCP's remaining shares, subject to approval of two-thirds of the outstanding OCP shares not currently held by Oplink.

As part of the merger agreement, OCP's board was expanded to nine members, with the appointments of Joseph Y. Liu, Leonard J. Leblanc, Chieh Chang and Jesse W. Jack, current Oplink board members, and Dr. Robert Shih, an Oplink officer. The other members of the Board are Philip F. Otto, OCP's president and CEO, and OCP's independent directors, Hobart Birmingham, Dr. Stewart D. Personick and David Warnes. Oplink and OCP intend that this board composition will remain in effect until the proposed acquisition is completed.

This transaction is expected to close in September 2007. Upon completion of the acquisition, OCP will become a privately-held company and wholly owned subsidiary of Oplink, a leading photonic components, intelligent modules, and subsystems solution provider.

Optical Communication Products Inc. (OCP) (Nasdaq: OCPI)

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