Lumentum Holdings (LITE) Appoints Paul Lundstrom to its Board

Lumentum Holdings Inc. (NASDAQ: LITE), a market-leading designer and manufacturer of innovative optical and photonic products for cloud, networking and industrial applications, today announced the appointment of Paul Lundstrom to the company's Board of Directors, effective immediately. This election expands the membership to nine members, eight of whom are independent.

"I am excited to welcome Paul to the Lumentum Board," said Penelope Herscher, Chair of Lumentum's Board of Directors. "He brings a wealth of knowledge and expertise in corporate finance, manufacturing and business transformation. I am confident he will provide valuable insights as Lumentum executes its long-term strategy to grow its business and shareholder value."

"Lumentum has significant opportunities for growth with its portfolio of foundational photonic technologies that underpin the explosive growth we are seeing in artificial intelligence and cloud infrastructure," said Paul Lundstrom. "I look forward to working together with the senior leadership team and the rest of the Lumentum’s Board of Directors to capitalize on these compelling opportunities and to help build lasting value for shareholders.

You May Also Be Interested In

• Lumentum (LITE) PT Raised to $1,140 at Mizuho
• Lumentum (LITE) PT Raised to $1,000 at Morgan Stanley
• Lumentum (LITE) PT Lowered to $1,000 at BofA Securities