Milpitas, Calif., October 15, 2008 – JDSU today announced that Sharad Rastogi has been appointed as senior vice president of corporate development and marketing. Mr. Rastogi will be responsible for strategic planning, mergers and acquisitions and overall corporate marketing functions. He will report directly to Kevin Kennedy, JDSU’s president and chief executive officer.
“We are very pleased to have Sharad Rastogi joining our team,” said Kevin Kennedy,” president and chief executive officer of JDSU. “His track record of successful execution on strategic growth opportunities, specifically operational management and M&A experience, support our priority of transformative M&A that will continue to shape and guide JDSU to a strong future.”
Most recently Mr. Rastogi was vice president of corporate development at Avid Technology and general manager of Pinnacle Systems, the consumer business unit at Avid where he was responsible for strategy, acquisitions, alliances and new business opportunities. Prior to Avid, Sharad was a partner in the management consulting firm Bain & Company, Inc where he advised technology, media, venture capital, and private equity clients in corporate strategy, operational improvement, mergers and acquisitions, and post-merger integration.
Mr. Rastogi holds a master of business administration from the Wharton School at the University of Pennsylvania, a master of science in manufacturing engineering from Boston University, and a bachelor of technology in mechanical engineering from the Indian Institute of Technology in New Delhi.
“I am very excited to be joining JDSU at this period in the company’s growth and transformation,” said Mr. Rastogi. “My areas of immediate focus will be pursuing strategic development that will fortify or augment JDSU’s existing diversified technology portfolio and to uphold the commitment already established by this leadership team to advance the company’s long-term business model.”
About JDSU
JDSU (NASDAQ: JDSU; and TSX: JDU) enables broadband and optical innovation in the communications, commercial and consumer markets. JDSU is the leading provider of communications test and measurement solutions and optical products for telecommunications service providers, cable operators, and network equipment manufacturers. JDSU is also a leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications. More information is available at www.jdsu.com.
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Contacts
Press/Industry: Kathleen Greene, 408-546-5852 or kathleen.greene@jdsu.com
Investors: Michelle Levine, 408-546-4421 or michelle.levine@jdsu.com