Finisar Corporation Appoints Michael L. Dreyer as New Director


SUNNYVALE, CA--(Marketwired - December 10, 2015) - Finisar Corporation (NASDAQ: FNSR), a global technology leader for fiber optic subsystems and components, today announced that the Board of Directors has appointed Michael L. Dreyer to fill an existing vacancy on the Board. Finisar's Board currently consists of six directors who are elected to staggered three-year terms. Mr. Dreyer will serve as a Class III director until the annual meeting of stockholders in 2017.

Mr. Dreyer is currently the Chief Operations Officer of Silicon Valley Bank and is responsible for bank and non-bank operations worldwide. Mr. Dreyer oversees SVB's core operations, enterprise project management, client service and information technology teams. Mr. Dreyer is also currently a director of F5 Networks, Inc. Before joining SVB, Mr. Dreyer was president and COO of Monitise from August 2014 to September 2015, where he was responsible for the design, build, and operations of its technology globally, and he ran the company's Americas business. Prior to Monitise, Mr. Dreyer was the global head of technology and CIO at VISA Inc. from 2005 to 2014, responsible for the company's systems and technology platforms. Previously, Mr. Dreyer was chief information officer of Inovant, where he oversaw the development and management of Visa's global systems technology. He has also held executive positions at VISA USA as senior vice president of processing and emerging products, and senior vice president of commercial solutions. Additionally, Mr. Dreyer held senior positions at American Express, Prime Financial, Inc., Federal Deposit Insurance Corporation (FDIC), Downey Savings, Bank of America, and the Fairmont Hotel Management Company. Mr. Dreyer received an M.B.A. and a B.A. in psychology from Washington State University.

"I am pleased to welcome Michael to our Board," said Jerry Rawls, Finisar's Chief Executive Officer. "His experience in both the finance and the technology industries give him a valuable perspective from which to help guide our company in the years ahead."

About Finisar
Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless, and cable TV applications. For years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide. For additional information, visit http://investor.finisar.com.

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Contact Information:

Investor Contact
Kurt Adzema
Chief Financial Officer
+1.408.542.5050
Investor.relations@finisar.com

Media Contact
Victoria McDonald
Corporate Communications
+1.408.542.4261
press@finisar.com