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VIAVI Announces CFO Resignation and Preliminary Fiscal First Quarter 2021 Results
SAN JOSE, Calif., Oct. 21, 2020 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") announced today that the board of directors has accepted the
About this update from Viavi Solutions Inc.
[{"type":"text","content":"SAN JOSE, Calif., Oct. 21, 2020 /PRNewswire/ -- (NASDAQ: VIAV) Viavi Solutions Inc. (\"VIAVI\") announced today that the board of directors has accepted the resignation of Amar Maletira as VIAVI's Chief Financial Officer (\"CFO\"), effective October 16, 2020. Mr. Maletira is resigning from his position to pursue a new opportunity, and his resignation is not the result of any dispute or disagreement with VIAVI on any matter relating to VIAVI's operations, policies or practices. \n\n \n \n \n \n \n \n\n \nMr. Maletira plans to depart the Company on November 20, 2020 and has informed VIAVI that he is committed to an orderly transition of his duties, including entering into a consulting agreement to advise VIAVI and provide transition support as reasonably requested by VIAVI over an anticipated period of 6 months from his departure. Effective upon Mr. Maletira's departure and until a successor has been identified, VIAVI has appointed Pam Avent, currently VIAVI's Global Controller, to serve as its interim CFO. \n\"I would like to take this opportunity to thank Amar for his more than five years of service at VIAVI as CFO and EVP. I appreciate Amar's advice and support as we have worked to improve VIAVI's operational performance and wish him success in his future endeavors,\" said Oleg Khaykin, President and Chief Executive Officer of VIAVI. Khaykin added, \"We have initiated a search for Amar's successor.\" \nVIAVI will report as planned its full financial results for the fiscal first quarter 2021 on November 5, 2020 after close of market. VIAVI expects preliminary fiscal first quarter 2021 revenue to be in the range of $282 million to $284 million and non-GAAP EPS to be in the range of $0.18 to $0.19. These preliminary results reach or exceed the high end of previously announced guidance of $258 million to $282 million, and, $0.14 to $0.16, respectively. \nAbout VIAVI SolutionsVIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, ...