You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

HFCL appoints two key executives for its subsidiaries in US and Netherlands

Capital Market 

The integrated communication provider appointed two key executives for its two recently incorporated wholly-owned subsidiaries in USA and Netherlands to bolster its international presence and non-linear growth in the global markets.

HFCL appointed Dr Peter A Weimann as the CTO and Jochen Arms as the Vice President - Sales (DACH Europe) for the optical fiber & cable (OFC) business, in its two recently incorporated wholly-owned subsidiaries in USA and Netherlands.

Dr Weimann is a Ph.D. from University of Minnesota and has a BS in Engineering from University of Pennsylvania. Prior to joining HFCL, Dr Weimann was the Director of Optical Cable R&D for OFS Fitel LLC. In his charter as the CTO, Dr Weimann will lead HFCL's global foray into new generation OFC products across different industry applications.

Mr Jochen Arms will be the Vice President - Sales for the European DACH Region and lead the sales and business development for HFCL Group's Optical Fiber and Cable products across industry segments for the region. Mr Arms has held several sales leadership positions for industry leading companies such as Prysmian, Corning and Fujikura. He is also a member of the FTTH council in Brussels, and of the Market Intelligence Committee. A linguist who speaks multiple European languages, Mr Arms has addressed several conferences and forums on Broadband and Telecom industries.

On a consolidated basis, net profit of HFCL rose 61.2% to Rs 85.94 crore on a 6.4% jump in net sales to Rs 1,122.05 crore in Q2 FY22 over Q2 FY21.

Shares of HFCL rose 0.98% to Rs 71.55 on BSE. HFCL is a leading manufacturer of optical fiber cables, optical transport, power electronics and broadband equipment for the telecommunication industry. The company has production facilities at Solan (Himachal Pradesh), Goa, and Chennai (Tamil Nadu) and caters to both Indian and global markets.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, December 02 2021. 15:21 IST