Engle to Become CEO of AVANEX in July 2001

Apr 24, 2001, 01:00 ET from Avanex Corporation

    FREMONT, Calif., April 24 /PRNewswire Interactive News Release/ --
     Avanex Corporation (Nasdaq:   AVNX), pioneer of photonic processors that
 accelerate the deployment of the next-generation optical networks, today
 announced that Paul Engle, President and Chief Operating Officer, would become
 Chief Executive Officer of the company effective July 1, 2001.
     Walter Alessandrini, Chairman of the Board and CEO of the company, made
 the announcement in a conference call with industry analysts and investors
 held after close of market today.  In his comments, Alessandrini said he
 intends to continue as Chairman of the company through the end of calendar
 year 2003.
     Engle joined Avanex in September 2000 as its President and COO, and has
 extensive experience in the fiber optics industry and a successful record in
 management positions with some of world's leading technology companies.
     Prior to joining Avanex, Engle was vice president and general manager of
 the Fiber Optic Communications Division of Agilent Technologies. In February
 1997, Engle assumed full profit and loss responsibility for Hewlett Packard's
 worldwide fiber optics components business, which grew to over $500 million in
 annual revenue to become one of the world's largest fiber optics component
 businesses, and which was among the HP businesses that were spun off as
 Agilent Technologies in November 1999. Engle had joined Hewlett Packard in
 England in 1993 as general manager of the company's Fiber Optic Components
 Operation.
     Engle previously was president and managing director of BT&D Technologies
 Ltd. in Ipswich, England, a joint venture formed by British Telecom and DuPont
 to develop fiber optics products. He assumed leadership of BT&D after the
 start-up phase.  Earlier, Engle founded and was president of Qualitron, Inc.
 in Dallas, Texas after stints with three major corporations - Rockwell
 International, Fairchild Semiconductors and Texas Instruments. He is a
 Registered Professional Engineer in California.
     Engle holds a degree in physics and mathematics from Pan American
 University and a master's degree in business administration from the
 University of Dallas. He also has done graduate work in the Executive
 Development Program at Stanford University.
 
     About Avanex
     Avanex designs, manufactures and markets photonic processors for the
 communications industry. Avanex's photonic processors offer communications
 service providers and optical systems manufacturers greater levels of
 performance and miniaturization, reduced complexity and increased cost-
 effectiveness as compared to current alternatives.
     Avanex was incorporated in 1997 and is headquartered in Fremont, Calif.
 In addition to a development and manufacturing facility in Fremont, the
 company also maintains The Photonics Center(TM) in Richardson, Texas and a
 development facility in Hudson, Mass.
 
     To learn more about Avanex, visit its web site at:  www.avanex.com.
 
 
     Contact Information:
     Investor Relations                   Media
     Mark Weinswig                        Tony Florence
     Phone: 510-897-4344                  Phone:  510-897-4162
     Fax:  510-897-4345                   Fax: 510-979-0198
     e-mail: mark_weinswig@avanex.com     e-mail:  tony_florence@avanex.com
 
 
                               MAKE YOUR OPINION COUNT -  Click Here
              http://tbutton.prnewswire.com/prn/11690X38433868
 
 

SOURCE Avanex Corporation
    FREMONT, Calif., April 24 /PRNewswire Interactive News Release/ --
     Avanex Corporation (Nasdaq:   AVNX), pioneer of photonic processors that
 accelerate the deployment of the next-generation optical networks, today
 announced that Paul Engle, President and Chief Operating Officer, would become
 Chief Executive Officer of the company effective July 1, 2001.
     Walter Alessandrini, Chairman of the Board and CEO of the company, made
 the announcement in a conference call with industry analysts and investors
 held after close of market today.  In his comments, Alessandrini said he
 intends to continue as Chairman of the company through the end of calendar
 year 2003.
     Engle joined Avanex in September 2000 as its President and COO, and has
 extensive experience in the fiber optics industry and a successful record in
 management positions with some of world's leading technology companies.
     Prior to joining Avanex, Engle was vice president and general manager of
 the Fiber Optic Communications Division of Agilent Technologies. In February
 1997, Engle assumed full profit and loss responsibility for Hewlett Packard's
 worldwide fiber optics components business, which grew to over $500 million in
 annual revenue to become one of the world's largest fiber optics component
 businesses, and which was among the HP businesses that were spun off as
 Agilent Technologies in November 1999. Engle had joined Hewlett Packard in
 England in 1993 as general manager of the company's Fiber Optic Components
 Operation.
     Engle previously was president and managing director of BT&D Technologies
 Ltd. in Ipswich, England, a joint venture formed by British Telecom and DuPont
 to develop fiber optics products. He assumed leadership of BT&D after the
 start-up phase.  Earlier, Engle founded and was president of Qualitron, Inc.
 in Dallas, Texas after stints with three major corporations - Rockwell
 International, Fairchild Semiconductors and Texas Instruments. He is a
 Registered Professional Engineer in California.
     Engle holds a degree in physics and mathematics from Pan American
 University and a master's degree in business administration from the
 University of Dallas. He also has done graduate work in the Executive
 Development Program at Stanford University.
 
     About Avanex
     Avanex designs, manufactures and markets photonic processors for the
 communications industry. Avanex's photonic processors offer communications
 service providers and optical systems manufacturers greater levels of
 performance and miniaturization, reduced complexity and increased cost-
 effectiveness as compared to current alternatives.
     Avanex was incorporated in 1997 and is headquartered in Fremont, Calif.
 In addition to a development and manufacturing facility in Fremont, the
 company also maintains The Photonics Center(TM) in Richardson, Texas and a
 development facility in Hudson, Mass.
 
     To learn more about Avanex, visit its web site at:  www.avanex.com.
 
 
     Contact Information:
     Investor Relations                   Media
     Mark Weinswig                        Tony Florence
     Phone: 510-897-4344                  Phone:  510-897-4162
     Fax:  510-897-4345                   Fax: 510-979-0198
     e-mail: mark_weinswig@avanex.com     e-mail:  tony_florence@avanex.com
 
 
                               MAKE YOUR OPINION COUNT -  Click Here
              http://tbutton.prnewswire.com/prn/11690X38433868
 
 SOURCE  Avanex Corporation