NOVEMBER 8, 2007 -- Krish A. Prabhu, Tellabs (search for Tellabs) president, chief executive officer and member of the board, will resign from these positions by March 1, 2008. The Tellabs Board has initiated a search for a successor through a special subcommittee of the board, led by director William F. Souders.
Prabhu, 53, has served as Tellabs president and CEO since 2004. He was a venture partner at Morganthaler Ventures for approximately three years before that, following several years at Alcatel (now Alcatel-Lucent), where he became chief operating officer.
"The Tellabs team has successfully broadened the product portfolio, established new relationships with large service providers, and made progress in repositioning the company," Prabhu said in a press release. "This is the right time for a new leader to begin the next chapter at Tellabs."
"Under Krish's leadership, Tellabs has doubled overall revenue and become a leader in new markets such as fiber access," said Michael J. Birck, Tellabs chairman. "We wish Krish all the best in his future endeavors."