Avid® (NASDAQ: AVID), the leading technology provider that powers
the media and entertainment industry, today announced that it
has enhanced the technology and industry expertise of its board of
directors with the appointment of accomplished media technology
leader Michelle Munson as a director, effective immediately.
Ms. Munson joins the board with more than 15 years of experience in
developing new technologies and guiding companies that deliver
innovations for the rapidly evolving media landscape.
“Avid’s board is deeply committed to providing strong and
supportive governance and counsel in order to help accelerate the
company’s strategy for innovation and growth,” said Peter Westley,
Chairman of the Board, Avid. “Today the board is pleased to
welcome Michelle Munson as a director following our extensive
search to significantly enhance our team with proven media
technology and business expertise. Throughout her career,
Michelle has repeatedly demonstrated her abilities to foster and
guide organizations in the media technology sector toward
successful outcomes. We look forward to the benefits of
having such a distinguished technologist and entrepreneur on the
board.”
“With Michelle Munson’s background as a technologist and
business leader in media technology, Avid’s board strengthens its
extensive industry expertise in order to best represent the markets
we serve, as well as support our shareholders and their interests,”
said Jeff Rosica, CEO and President, Avid. “I’m very happy
that Michelle helps our board to gain a broader and more
comprehensive view of media technology and the needs of Avid’s
customers, while complementing its solid mix of experience in
media and business management, governance, education and
finance.”
Ms. Munson is the co-founder and CEO of media technology
provider Eluvio. Previously, she founded Aspera and led that
company as CEO for 13 years, including through its acquisition by
IBM. During that time, Ms. Munson won a Technology &
Engineering Emmy® Award as co-inventor of the Aspera FASP transport
technology, which is used widely for high-speed file transfer in
media operations. She has earned numerous accolades for her
achievements in technology and business, including being named a
Fellow of the Society of Motion Picture and Television Engineers
(SMPTE). In 2016, she won the Charles S. Swartz Lifetime
Achievement Award from the Hollywood Professional Association
(HPA); was named Woman Entrepreneur of the Year by the
International Association of Broadcasting Manufacturers (IABM); and
was named Woman of the Year by TV NewsCheck. In 2017, she was
named one of the Most Influential Women in Business by the San
Francisco Business Times.
Ms. Munson earned dual BS degrees in electrical engineering and
physics from Kansas State University. She was a Goldwater
Scholar for achievement in Science and Mathematics and a Fulbright
Scholar at Cambridge University, where she earned a Masters in
computer science. She holds several patents for methods of
data and bandwidth management.
John H. Park Resigns from Avid’s BoardAvid also
announced today the departure of longstanding and respected
director John H. Park, who resigned effective immediately,
following 12 years of highly valued contributions as a member of
the board of directors.
Peter Westley said, “On behalf of the board and management team,
we are extremely grateful to John Park for his many years of
dedication in helping to guide the company forward and improve our
focus on delivering shareholder value.”
“Avid is well positioned for potential future growth and it has
been my pleasure and honor to collaborate with the board and
management team that’s been driving improved performance,” said
John H. Park. “The company is in good hands and, with
Michelle’s technology expertise added to the mix, Avid will become
better prepared for long term innovation and success.”
Further details on these board changes are available in Avid’s
8-K filing dated July 31, 2019.
Forward-looking StatementsCertain information
provided in this press release may include forward-looking
statements that involve risks and uncertainties, including
projections and statements about our anticipated plans, objectives,
expectations and intentions. Forward-looking statements include,
without limitation, statements based upon or otherwise
incorporating judgments about our business posture and future
performance. These forward-looking statements are based on current
expectations as of the date of this release and subject to known
and unknown risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements. Factors that could adversely affect our business and
prospects are set forth in our public filings with the SEC.
Forward-looking statements contained herein are made only as to the
date of this press release and we undertake no obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
About AvidAvid delivers the most open and
efficient media platform, connecting content creation with
collaboration, asset protection, distribution, and consumption.
Avid’s preeminent customer community uses Avid’s comprehensive
tools and workflow solutions to create, distribute and monetize the
most watched, loved and listened to media in the world—from
prestigious and award-winning feature films to popular television
shows, news programs and televised sporting events, and celebrated
music recordings and live concerts. With the most flexible
deployment and pricing options, Avid’s industry-leading solutions
include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®,
iNEWS®, AirSpeed®, Sibelius®, Avid VENUE™, Avid FastServe®,
Maestro™, and PlayMaker™. For more information about Avid solutions
and services, visit www.avid.com, connect with Avid on Facebook,
Instagram, Twitter, YouTube, LinkedIn, or subscribe to Avid
Blogs.
© 2019 Avid Technology, Inc. All rights reserved. Avid, the Avid
logo, Avid NEXIS, Avid FastServe, AirSpeed, iNews, Maestro,
MediaCentral, Media Composer, NewsCutter, PlayMaker, Pro Tools,
Avid VENUE, and Sibelius are trademarks or registered trademarks of
Avid Technology, Inc. or its subsidiaries in the United States
and/or other countries. All other trademarks are the property of
their respective owners. Product features, specifications, system
requirements and availability are subject to change without
notice.
Contacts
Investors: Whit Rappole
ir@avid.com
(978) 275-2032
Press:Jim Sheehanjim.sheehan@avid.com(978) 640-3152
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