JDSU Test President Steps Aside
CEO Thomas Waechter mentioned the change during yesterday's fourth-quarter earnings call, saying Holly has been reassigned to work on "developing emerging markets" for the division. (See JDSU Reports Q4.)
JDSU doesn't have a replacement yet. For now, the division will report to Waechter.
Waechter also mentioned that the test division has undergone an operations retrofit. He cited some recent changes including "recruitment of key skill sets outside the company."
Holly came to JDSU through the 2005 acquisition of Acterna, where he headed the cable networks division. Last year, Holly was put in charge of JDSU's test-and-measurement business, backfilling the job as Waechter became CEO in 2008. (See JDSU Names New CEO .)
Holly was responsible for swapping his division's North American manufacturing for contract manufacturers. His tenure also included the acquisition of the Agilent Technologies Inc. (NYSE: A) Network Solutions Division, a move that put JDSU on the map for wireless test. (See JDSU Snaps Up Agilent Wireless Unit.)
— Craig Matsumoto, West Coast Editor, Light Reading