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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.