Specialty finance lender Hercules Technology Growth Capital has added Thomas Fallon to its board of directors. Fallon is the CEO of Infinera Corp.
August 04, 2014 08:00 AM Eastern Daylight Time
PALO ALTO, Calif.–(BUSINESS WIRE)–Hercules Technology Growth Capital, Inc. (NYSE:HTGC) (“Hercules” or the “Company”), the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, today announced that, effective July 8, 2014, Thomas Fallon, chief executive officer of Infinera Corporation (NASDAQ:INFN) and former vice president of Cisco Systems, was appointed to the Hercules board of directors.
Fallon will serve on the Audit, Compensation, and Nominating and Corporate Governance committees.
“Tom is an accomplished business leader who has extensive experience leading innovative companies,” said Hercules Co-founder, Chairman and Chief Executive Officer, Manuel Henriquez. “We are delighted to have someone of his caliber and technical background and expertise joining our board.”
Since 2013, Fallon has served as chief executive officer of Infinera Corporation, a publicly traded optical telecommunications company, and he has been a member of its board since 2009. From January 2010 to June 2013, Fallon served as Infinera’s president and chief executive officer. Prior to that, Fallon served as chief operating officer and vice president of engineering and operations at Infinera. Before joining Infinera, Fallon served as vice president, corporate quality and engineering operations for Cisco Systems, Inc., a networking and telecommunications company. Fallon joined Cisco in 1994 and held a variety of roles including general manager of its Optical Transport Business Unit, vice president of Service Provider Manufacturing and vice president of Materials. Fallon holds a bachelor’s of science degree in mechanical engineering and MBA from the University of Texas at Austin, and is currently a member of the Engineering Advisory Board of the University of Texas at Austin.
The Company also previously announced that Joseph W. Chow did not seek re-election as a director and has retired from the board when his term expired immediately prior the 2014 Annual Meeting, which was held July 8, 2014.
“For the last ten years, Joe has made tremendous contributions to Hercules and helped guide the company as a director through a period of tremendous growth and achievements,” Henriquez said. “Hercules has benefited from his financial, credit and operational insight as well as his dedication to the highest standards of corporate governance. We thank him for his outstanding service, contributions and wish him well in retirement. He will be greatly missed,” Henriquez said.
About Hercules Technology Growth Capital, Inc.
Hercules Technology Growth Capital, Inc. (NYSE:HTGC) (“Hercules”) is the leading specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and energy & renewable technology industries, at all stages of development. Since inception (December 2003), Hercules has committed more than $4.2 billion to over 270 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing.
Hercules’ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.”
In addition, Hercules has three outstanding bond issuances of 7.00% Senior Notes due April 2019, 7.00% Senior Notes due September 2019, and 6.25% Senior Notes due July 2024, which trade on the NYSE under the symbols “HTGZ”, “HTGY,” and “HTGX,” respectively.