<<why is it a very bad sign when a board member resigns? It happens all the time in the business world.>>
That's the way I see it, too, secureit. The VC's, two of the original board members when Cien was bootstrapped are moving aside as the company matures. I take it as a good sign and as an appropriate step for a growing business. ...Tim
SNIP! ... Effective immediately, Jagdeep Singh, Lightera's president and CEO assumes the role of Division President for the Core Switching Division of CIENA formed by Lightera's business, which will remain in Cupertino, Calif.
In conjunction with the closing of the Lightera transaction, CIENA also announced action on planned changes to its Board of Directors. Venture capitalists Jon Bayless and Cliff Higgerson, each of whom joined the Board in April 1994 in connection with the early financing of the Company, have stepped down, and Mr. Singh has been named to take Mr. Higgerson's position on the Board. The Company expects to announce a new director to fill Mr. Bayless' position in the next several weeks, and has an active search underway for possible Board expansion.
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