7 January 2011

GigOptix appoints corporate controller as acting CFO

GigOptix Inc of Palo Alto, CA, USA, which designs modulator and laser drivers and transimpedance amplifier (TIA) ICs based on III-V materials as well as polymer electro-optic modulators for fiber-optic communications systems, has announced the resignation (effective 1 February) of Ron Shelton, chief financial officer since December 2009. “I would like to thank Ron for his contributions over this past year with GigOptix,” says CEO & chairman of the board Dr Avi Katz.

Corporate controller Jeff Parsons has been appointed acting CFO and will assume financial responsibilities for the firm.

Parsons joined GigOptix in January 2010. Previously, from 2006–2009, he was a consultant for various high-tech firms. From 2002 to 2005, he was corporate controller and later CFO at Alliance Semiconductor. From 2000 to 2001, Parsons served as the director of finance at Lara Networks. Prior to that, he held senior financial positions at Cirrus Logic, Cypress Semiconductor, and Cadence. He holds a Masters in Industrial Administration from Carnegie-Mellon and a BA in Economics from Vanderbilt University.

“I am confident in Jeff Parsons' ability to serve in the role of acting chief financial officer to maintain continuity of our financial management and controls,” says Katz. “Jeff offers a wealth of industry experience and has become an integral part of the senior management team and is well suited to lead our financial team.”

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