Xtera Communications, Inc. announced the appointment of Joe Chinnici, the former CFO of Ciena Corporation, as Executive Vice President and Chief Financial Officer, effective May 17, 2016. Chinnici joins Xtera from Twenty First Century Utilities, LLC, an investment firm that acquired GridPoint, Inc. in November 2015. Chinnici served as GridPoint's EVP and CFO, for the past five years.

Paul Colan, Xtera's current CFO, will move into the new and very critical role of Chief Procurement Officer reporting to the company's President and CEO.