Mr. Daane served as the president, chief executive officer and board member of Altera Corporation, a semiconductor company focused on programmable networking chips, from November 2000 through Altera's acquisition by Intel Corporation in December 2015. Mr. Daane also served as the chairman of the board of Altera from May 2003 to December 2015. Prior to joining Altera, Mr. Daane spent 15 years at LSI Logic Corporation, a semiconductor manufacturer, in a variety of positions starting as an engineering intern and ending as executive vice president of the Communications Products Divisions including the Networking, Wireless, Telecom, Computer and Consumer Divisions, and central engineering. Mr. Daane also served as a board member of the Semiconductor Industry Association from January 2003 through December 2015.
"We welcome John to our board," said Kambiz Hooshmand, chairman of the board of Infinera. "Under John's leadership, Altera expanded its market position, growing into a multi-billion dollar company. John's perspectives and experience will be invaluable to Infinera as we embark on a similar journey of market share and revenue expansion. In addition, John's deep understanding of the networking ecosystem will prove valuable as the importance of scalable optics and intelligent transport networking in cloud architectures continues to evolve."
"The cloud and data center networking markets are a significant and growing opportunity," said John P. Daane. "I am excited to join Infinera's board and look forward to working with the team to expand the impact and importance of Intelligent Transport Networks."
Infinera also announced the retirement of Carl Redfield from the board of directors of Infinera. Mr. Redfield has served as director since 2006 and will not stand for re-election at the upcoming 2016 Annual Meeting of Stockholders.
"For nearly a decade, Carl has guided Infinera's growth and expansion," said Tom Fallon, Infinera CEO. "Not only has Carl been a valued mentor, Carl's leadership was instrumental to the company's transition from a start-up to a leader in the optical transport market."
