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MRV promotes Mark Bonney to president and CEO, Stephen Krulik to CFO role
Announced Date: 12/15/2014 Published Date: 12/16/2014

MRV Communications, a global provider of packet and optical solutions, announced the appointment of Mark J. Bonney as president and chief executive officer, effective December 15, 2014.

Mr. Bonney, who has served as EVP and CFO since August 2014 and as a director of MRV since April 2013, replaces David Stehlin, who has resigned as an officer and director of MRV to pursue other interests.

Prior to joining MRV, Mr. Bonney, who has previously managed turnarounds in several technology companies, served as president and CEO of On Board Advisors, a strategic and financial advisory firm.

Before that, Mr. Bonney served in roles including EVP and CFO of Direct Brands, as EVP and CFO of American Bank Note Holographics, as president, COO and director at Axsys Technologies, a manufacturer of optical components and subsystems, and as CFO and VP of operations at Zygo, a supplier of metrology measurement and control systems and optical components.

Mr. Bonney is currently a director of Nasdaq-listed Sigma Designs and Zix Corporation. He holds a BS in Business Administration and Economics from Central Connecticut State University and an MBA in Finance from the University of Hartford.

In conjunction with the appointment of Mr. Bonney, MRV has also promoted Stephen Krulik, to chief financial officer. Since May 2014, Mr. Krulik was VP of Finance with MRV. Prior to joining MRV, he served as VP of Worldwide FP&A at Technicolor Creative Services.

Mr. Krulik is a certified public accountant and holds a BA in Mathematics from the University of California, Berkeley and an MBA from the University of California, Los Angeles, Anderson School of Business, Executive Program.