San Jose, California, and Ottawa, Ontario – February 4, 2003 – JDS Uniphase Corporation (NASDAQ: JDSU and TSX: JDU) announced the appointment of Ronald C. Foster as its new Chief Financial Officer. Mr. Foster plans to join JDS Uniphase in mid-February, and he will replace Anthony R. Muller, the Company’s current CFO who will retire at the end of February as was announced in July 2002.
Mr. Foster joins JDS from Novell Corporation where he has been CFO, responsible for Finance, Tax, Treasury, Internal Audit, Information Systems, Investor Relations, Operations, and Real Estate. In his prior position as Vice President of Finance and Corporate Controller, Mr. Foster was responsible for worldwide financial planning, reporting, and operations. Prior to Novell, Mr. Foster was Vice President, Operations Controller for Applied Materials. In these roles, Mr. Foster implemented shared service programs and other consolidation and integration activities similar to those being undertaken at JDS Uniphase.
“Ron is a highly qualified professional with solid experience overseeing the financial operations of a global organization,” said Jozef Straus, co-chairman and CEO of JDS Uniphase. “With almost 20 years in high technology, Ron’s experience will provide financial leadership to the current operational and strategic activities in place at JDS Uniphase. I am impressed with Ron’s energy and believe he will make great contributions to JDS Uniphase.”
“I am very excited to join JDS Uniphase,” added Mr. Foster. “I believe this is a tremendous company with a positive future. The Company’s ability to maintain a strong market and financial leadership position within the industry during difficult times has been admirable. I look forward to the challenges and opportunities that lie ahead in continuing the progress that has been made and contributing to the future successes of JDS Uniphase.”
Mr. Foster developed a strong operational focus through his prior roles as Business Group Controller at Applied Materials Corporation; Group Controller at Hewlett Packard Corporation; and Vice President, Operations at Egghead Software Corporation. He also held operations management and consulting positions in the Forest Products industry early in his career.
Mr. Foster earned an MBA degree from the University of Chicago and a BA in Economics from Whitman College.
About JDS Uniphase
JDS Uniphase Corporation, a worldwide leader in optical technology, designs and manufactures products for fiberoptic communications, as well as for markets where its core optics technologies provide innovative solutions for industrial, commercial and consumer applications. The Company’s fiberoptic components and modules are deployed by system manufacturers for the data communications, telecommunications and cable television industries. The Company also offers products for display, security, medical/environmental instrumentation, decorative, aerospace and defense applications. More information on the Company is available at http://www.jdsu.com/.