Shares of fiber-optic component vendor Lumentum Holdings (LITE) are down 15 cents at $60.95, in late trading, after the company this afternoon said its CFO, Aaron Tachibana, has stepped wont to “pursue other interests,” and will be replaced on an interim basis by the company’s head of corporate development, Chris Coldren.
Tachibana’s departure is “not related to any financial performance, policy or control issues,” the company said.
CEO Alan Lowe thanked Coldren for his “many contributions” over three years in the job, and for leaving Lumentum “in a much stronger financial position.”
He lauded Coldren for “playing a central role on my leadership team.”
Lumentum pans to have an executive search firm look for a permanent replacement for Tachibana.