SAN JOSE – Lumentum Holdings Inc . (NASDAQ:LITE), known for its optical and photonic products used in various technology sectors, announced the appointment of Paul Lundstrom as a member of its Board of Directors. The addition of Lundstrom, effective immediately, brings the board's total membership to nine, with eight serving as independent directors.
Penelope Herscher, Chair of Lumentum's Board, expressed her enthusiasm for Lundstrom's appointment, citing his extensive experience in corporate finance, manufacturing, and business transformation. She believes his expertise will be instrumental as the company pursues its strategic goals.
Lundstrom currently holds the position of Chief Financial Officer at Copeland and has a history of financial leadership roles, including his tenure as CFO of Flex Ltd (NASDAQ:FLEX). He was notably involved in the IPO process for Nextracker (NASDAQ:NXT) and held a seat on its Board of Directors. His previous experiences also include a CFO role at Aerojet Rocketdyne and senior finance positions at United Technologies (NYSE:RTX).
With a Bachelor of Science from Truman State University and an MBA from Columbia University, Lundstrom's educational background complements his professional achievements.
Lundstrom's appointment comes as Lumentum aims to leverage its photonic technologies, which are integral to the growth of artificial intelligence and cloud infrastructure. He expressed eagerness to work with Lumentum's leadership team to maximize shareholder value by tapping into the company's growth opportunities.
Lumentum's portfolio includes products that are foundational to data centers, telecom, and enterprise networks, as well as lasers that support advanced manufacturing and a variety of other applications. Headquartered in San Jose, California, the company maintains a global presence with R&D, manufacturing, and sales offices worldwide.
This expansion of Lumentum's Board of Directors is based on a press release statement and reflects the company's ongoing efforts to strengthen its leadership amidst the evolving tech landscape.
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