EMCORE Corporation announced a transition plan of its chief executive officer position in connection with the announced sale of its Space Photovoltaics business. In light of the company's more narrowly focused business operations following the completion of this transaction, Dr. Hong Q. Hou, the company's president and chief executive officer, will be stepping down from his position. Dr. Hou will continue to serve in his current role until his successor is appointed.

Dr. Hou, who has served as the company's President and Chief Executive Officer since March 2008 and as member of the company's Board of Directors since 2006, will work with the Board to ensure a smooth transition to the company's next Chief Executive Officer for the remaining fiber optics business. Dr. Hou will resign from the Board of Directors once a successor has been appointed.