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Market: STL hires two stalwarts to meet $10bn Optical Connectivity demand

Fiinews by Fiinews
November 23, 2023
in Markets
Reading Time: 2 mins read
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STL

David De Creaemer, Business Head, Optical Connectivity Business, STL.

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De Craemer and Bednarczyk to work for STL growth

Pune-headquartered STL_ [NSE: STLTECH] is well poised to cater to the demand for US$10 billion Optical Connectivity product market and has appointed two industry leaders to drive its growth ambition.

Sterlite Technologies Ltd (STL) noted many installation challenges, including product customisation in accordance with the region’s requirement, product development speed and time-to-market.

David De Craemer, as Business Head, brings over 25 years of industry experience working with the likes of TE Connectivity and CommScope. Discussing his vision for STL, David says, “I am excited about the opportunity and look forward to leveraging my strength and capabilities to co-create sustainable growth for the company, creating superior value for our customers.”

Tomasz Bednarczyk, named the global R&D Head for the Optical Connectivity business, has worked for 18 years at Corning in various R&D, Finance and PLM domains. Tomasz says, “I have the privilege of leading an agile, motivated and customer-oriented team that is relentlessly working towards providing its customers with best-in-class technology. We commit to investing in the innovation process while keeping environmental sustainability as a top priority.”

With over 30 years of Optical expertise, STL is one of the very few players to have end-to-end capability across the fibre value chain, starting with glass preform, fibre, cables and finally, Optical Connectivity solutions.

STL acquired Optotec in Italy in 2020 and has fully integrated optical connectivity products and design engineering capabilities into its optical business. It now creates customised, scalable connectivity solutions to de-skill field installations and speed up the fibre deployment process.

Though the total addressable market for Optical Connectivity is ~US$10 billion, STL is well poised to address this with its established design and innovation centres having top talents across India, North America and Europe.

These solutions have found tremendous success with the top service providers across these regions. To further strengthen its position, STL has hired David and Tomasz in key leadership roles.

Paul Atkinson, CEO of Optical Networking Business, says, “The duo are sure to enhance our Connectivity business, fostering innovation and growth and creating impact for our customers.” Fiinews.com

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