CIENA Organizes for Growth, Announces Organizational Changes and Key Appointments
Linthicum, MD — 05/29/2001Ciena Corporation (NASDAQ: CIEN), a global leader in intelligent optical networking systems and software, today announced organizational changes and key executive appointments aimed at supporting Ciena's continued growth.
As part of those changes, Steve Chaddick assumes an expanded role as Ciena's Chief Strategy Officer. In addition to his previous responsibilities as Senior Vice President of Systems and Technology, Chaddick will be tasked with driving integrated product strategies across the product lines.
As Chief Technology Officer, Steve Alexander's responsibilities have been increased to include Systems Technology as well as Network Architecture. Together with Chaddick, Alexander will play a pivotal role in defining Ciena's strategies for intelligent optical networking technologies, systems and solutions.
To facilitate greater focus on Ciena's new generation of metropolitan transport products, Jesús León will assume leadership of a newly created Metropolitan Transport Division based in Atlanta. León's new title will be Senior Vice President of the Metropolitan Transport Division.
As Ciena continues to expand its global presence, all customer-facing functions have been realigned into a single worldwide organization. This organization will be focused on providing all sales and support activities to customers on a regional basis. Michael McCarthy has been named Senior Vice President, Worldwide Sales and Support, and is now charged with directing these activities across Ciena's global organization.
"Ciena has grown at a rapid pace and has successfully achieved a leading position in next-generation optical networking. Today's changes are designed to leverage our seasoned management team as we proactively scale our organization while remaining both agile and focused," said Gary Smith, Ciena's president and CEO.
Ciena Corporation's market-leading optical networking systems form the core for the new era of networks and services worldwide. Ciena's LightWorks(tm) architecture enables next-generation optical services and changes the fundamental economics of service-provider networks by simplifying the network and reducing the cost to operate it. Additional information about Ciena can be found at www.ciena.com.
This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions of Ciena (the Company) that involve risks and uncertainties. Forward-looking statements in this release, including, but not limited to, the cost savings, deployment timing and network management benefits of the Company's products, are based on information available to the Company as of the date hereof. The Company's actual results could differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with the Company's business, which include the risk factors disclosed in the Company's Report on Form 10-Q filed with the Securities and Exchange Commission on May 27, 2001. Forward-looking statements include statements regarding the Company's expectations, beliefs, intentions or strategies regarding the future, and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.
Nicole Anderson
Ciena Corporation
(877) 857 -7377
pr@ciena.com
Marie Downing
Ciena Corporation
(888) 243-6223
ir@ciena.com
