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Lumentum Announces Chief Accounting Officer Succession Plan

Story Highlights
  • Lumentum’s long-serving CAO Matthew Sepe will retire in fall 2026, stepping down from the CAO role in early 2026.
  • The board appointed finance executive Eric Chang as new Chief Accounting Officer to ensure continuity in Lumentum’s financial leadership.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lumentum Announces Chief Accounting Officer Succession Plan

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Lumentum Holdings ( (LITE) ) has shared an update.

On December 29, 2025, Lumentum Holdings Inc. announced that Chief Accounting Officer and Senior Vice President, Finance, Matthew Sepe plans to retire in fall 2026, and will remain as Senior Vice President, Finance until that time while stepping down from the Chief Accounting Officer role effective on the later of February 6, 2026 or the filing date of the company’s quarterly report for the period ended December 27, 2025. In connection with this planned leadership transition in its finance organization, the board appointed Eric Chang, currently Senior Vice President, Finance and a seasoned finance executive with prior senior accounting and CFO roles at several technology and digital infrastructure companies, to assume the position of Chief Accounting Officer as of that effective date, signaling a continuity-focused succession plan in a critical financial oversight role for the company and its stakeholders.

The most recent analyst rating on (LITE) stock is a Hold with a $343.00 price target. To see the full list of analyst forecasts on Lumentum Holdings stock, see the LITE Stock Forecast page.

Spark’s Take on LITE Stock

According to Spark, TipRanks’ AI Analyst, LITE is a Neutral.

The score is driven by strong technical momentum and a very upbeat earnings outlook with accelerating AI/cloud demand and higher guidance. These positives are meaningfully tempered by weaker underlying financial health (high leverage and weak cash flow) and a very expensive valuation (P/E ~259).

To see Spark’s full report on LITE stock, click here.

More about Lumentum Holdings

Lumentum Holdings Inc. operates in the optical and photonics industry, providing components and modules used in optical communications networks and commercial laser applications, serving telecom, data center, and industrial markets worldwide.

Average Trading Volume: 4,166,797

Technical Sentiment Signal: Buy

Current Market Cap: $27.38B

See more insights into LITE stock on TipRanks’ Stock Analysis page.

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