Lumentum Holdings Inc. (NASDAQ: LITE) has named board member Penny Herscher as chair of its board of directors. She replaces Martin A. Kaplan, who died August 3 (see “Lumentum Board Chairman Martin A. Kaplan passes away”).
Herscher was a founding Lumentum board member upon its spin out from JDSU in 2015 (see “Viavi Solutions, Lumentum begin life as JDSU is no more”). She has more than 15 years of experience as a high-tech CEO in Silicon Valley and more than 10 years of experience serving on public company boards of directors. She currently serves on the boards of Faurecia SA, Verint, and PROS Holdings, Inc., according to Lumentum and of Delphix as well according to her LinkedIn bio. Her tech industry experience includes stints as CEO of FirstRain, a privately held company in the unstructured data analytics space; CEO of Simplex Solutions, a publicly traded electronic design automation company; and in C-level and senior executive positions for Cadence Design Systems, Inc. and Synopsys, Inc.
"I am honored to have been appointed the chair of Lumentum's board of directors," said Herscher. "I am more optimistic than ever about Lumentum's opportunities—the world is increasingly reliant on Lumentum's leadership in photonic solutions across multiple, high-growth industries. I look forward to working with Alan [Lowe, Lumentum’s president and CEO] and the board to continue to serve our customers and return value to our stockholders and employees."
"Penny has been an invaluable resource and trusted advisor on Lumentum's board since our inception when we spun off from JDSU," added Lowe. "I look forward to working with Penny even more closely in her new role as board chair to deliver increasing value for our stakeholders."
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