– USA, MA – Avid Technology, Inc. (Nasdaq: AVID), the leading media tech innovator for cloud-based content workflows, today announced the election of John Wallace as Chair, effective immediately, succeeding Peter Westley who resign from his position.
“Avid and our shareholders have benefitted from the extremely effective collaboration between the board, under Peter Westley, and our company’s management team,” said CEO, Jeff Rosica. “Avid is thankful to Peter for his board leadership since 2018, a period of tremendous positive improvement in the company’s financial performance trajectory. We now enthusiastically welcome John Wallace in his new role as the board chair with high confidence as we continue carrying out the company’s strategic vision and execute on our profitable growth strategy.”
About John Wallace
John Wallace has been a director of the company since 2017. He is a media and entertainment industry veteran with more than 30 years of experience, having served as President and CEO of Deluxe Entertainment Services Group and, previously, with NBCUniversal as President of Operations and Technical Services and also as President of the network’s Owned Television Stations Division. Since retiring in 2019, Mr. Wallace has remained active in the industry and today serves on the board of Linius Technologies, an early-stage technology company focused on video virtualization.
John Wallace said. “I’m excited to step into leading Avid’s board and continue our collaboration with the management team to keep growing one of media and entertainment’s premier technology companies.”
For more information: https://www.avid.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
