Tellabs (TLAB) announced the resignation of Andrew Szafran from the postions of executive vice president and chief financial officer, for personal reasons. The company said Tom Minichiello, Tellabs vice president, finance and chief accounting officer, will serve as acting CFO.
The company noted that the resignation of Andrew Szafran is not related to Tellabs operations, financial reporting or business outlook.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.