Past FCC Chairman Tom Wheeler, Former Viacom
Executive Kristin Frank, and Software Veteran and New Brightcove
CEO Jeff Ray Added to the Board
Brightcove Inc. (Nasdaq: BCOV), the leading provider of cloud
services for video, announced today that it has, effective
immediately, added three new members to its Board of Directors
(“Board”): Tom Wheeler, former Chairman of the FCC and
telecommunications entrepreneur; Kristin Frank, an accomplished
operations-focused leader and past executive at Viacom; and Jeff
Ray, Brightcove’s Chief Executive Officer.
“In addition to Jeff Ray joining us as CEO and as a Director, we
are delighted to have two new, highly talented professionals join
our Board," said Gary Haroian, Chairman of Brightcove’s Board of
Directors. “Both Tom and Kristin have significant experience and a
host of relevant skills that will enhance Brightcove’s Board and
help shape the company’s future.”
“With his combined experience as Chairman of the FCC and
entrepreneurial history in the private telecommunications sector,
Tom is intimately familiar with the challenges and opportunities
that exist within our markets.” Mr. Haroian continued, “We are also
excited to have an executive with Kristin’s deep operational and
strategy experience at one of the world’s top media companies join
our Board. Her experience with Viacom will be invaluable to
Brightcove during a time of evolving business models and rapid
change in the media industry. On behalf of the entire Board, I look
forward to continuing our value-enhancing efforts alongside our new
directors.”
“I am extremely excited to join Brightcove’s Board of
Directors,” said Mr. Wheeler. “I believe there are significant
opportunities to create value, and I am eager to work alongside my
fellow Directors to enhance the Company’s competitive position for
long-term success.”
“With a differentiated product portfolio, unrivaled breadth of
functionality, and deep experience implementing solutions for both
media companies and enterprises around the world, Brightcove is
well positioned to take advantage of the evolving changes in the
video market,” said Ms. Frank. “I look forward to helping the
company achieve its full potential as it continues to scale and
grow its offerings.”
In conjunction with the three new director appointments, David
Orfao, Managing Partner at General Catalyst and an early investor
in Brightcove, will be stepping down from his position as a
Director. “David has been an invaluable member of the Board since
the company’s earliest days, through the IPO and beyond,” said Mr.
Haroian. “We thank him for his many years of extraordinary
contributions and outstanding leadership.”
With the appointments of Mr. Wheeler, Ms. Frank and Mr. Ray,
alongside Mr. Orfao’s resignation, Brightcove’s Board of Directors
now consists of eight members, six of whom are independent. Mr.
Wheeler and Mr. Ray will be included in the company's slate of
nominees for election to the Board at the 2020 Annual Meeting of
Stockholders and Ms. Frank will be included in the company’s slate
of nominees for election to the Board at the 2019 Annual Meeting of
Stockholders.
About Tom WheelerMr. Wheeler
has extensive experience in both the public and private
telecommunications sector. He is currently a Visiting Fellow at the
Brookings Institution and is a Shorenstein Fellow for Media and
Democracy at the Harvard Kennedy School. Mr. Wheeler served as the
Chairman of the Federal Communication Commission (FCC) from 2013 to
2017, and immediately prior to this appointment served on President
Obama’s Intelligence Advisory Board.
Prior to his government service, Mr. Wheeler was Managing
Director at Core Capital Partners, a venture capital firm investing
in early stage IP-based companies. Also in the private sector, he
is CEO of the Shiloh Group, a strategy development and private
investment company specializing in telecommunications services. As
a testament to the breadth and scope of his contributions, Mr.
Wheeler is the only person to be selected to both the Cable
Television Hall of Fame and the Wireless Hall of Fame.
Mr. Wheeler received his BA from The Ohio State University,
where he was a recipient of its Alumni Medal.
About Kristin FrankMs.
Frank’s career spanned 23 years at Viacom. From 2015 to 2017, she
served as Chief Operating Officer of MTV, combining her background
as both a creative and business driver to lead MTV’s revenue
growth, operations and long-term strategic planning initiatives.
Previously, from 2013 to 2015, Ms. Frank served as Executive Vice
President of Viacom Music and Entertainment’s Connected Content
Division, with general management responsibilities for MTV, VH1 and
LOGO TV. From 2009 to 2012, Ms. Frank served as General Manager for
MTV and VH1 Digital where she was instrumental to MTV’s growth to
210 million fans on Facebook. From 2005 to 2009 she served as Chief
Operating Officer at LOGO TV.
Ms. Frank currently serves on the Board of Gaia, Inc., a global
digital video streaming subscription service and community. She
received her BBA in Finance from the University of Iowa.
About BrightcoveBrightcove Inc. (NASDAQ:BCOV) is the
leading global provider of powerful cloud solutions for delivering
and monetizing video across connected devices. The company offers a
full suite of products and services that reduce the cost and
complexity associated with publishing, distributing, measuring and
monetizing video across devices. Brightcove has thousands of
customers in over 70 countries that rely on the company's cloud
solutions to successfully publish high-quality video experiences to
audiences everywhere. To learn more, visit www.brightcove.com.
Forward-Looking
StatementsThis press release may include forward-looking
statements regarding anticipated objectives, growth and/or expected
product and service developments or enhancements. Such
forward-looking statements may be identified by the use of the
following words (among others): "believes," "expects," "may,"
"will," "plan," "should" or "anticipates," or comparable words and
their negatives. These forward-looking statements are not
guarantees but are subject to risks and uncertainties that could
cause actual results to differ materially from the expectations
contained in these statements. For a discussion of such risks and
uncertainties, see "Risk Factors" in the Company's filings with the
Securities and Exchange Commission, including its most recent
annual report on Form 10-K. Brightcove assumes no obligation to
update any forward-looking statements contained in this press
release in the event of changing circumstances or otherwise, and
such statements are current only as of the date they are made.
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version on businesswire.com: https://www.businesswire.com/news/home/20180411006220/en/
Investor Contact:ICR for BrightcoveBrian Denyeau,
646-277-1251brian.denyeau@icrinc.comorMedia
Contact:BrightcoveNeil Lieberman,
617-510-6346nlieberman@brightcove.com
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