Finisar Corp. said late Thursday co-founder and Chief Executive Jerry Rawls has retired, and that Michael Hurlston, a former Broadcom executive, has been appointed CEO and a director, effectively immediately. Hurlston and Rawls “will work together to ensure a smooth transition,” and Rawls will continue to serve as a director, the company said in a statement. Shares of Finisar rose 2% in late trading after ending the regular session up 2.4%.
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