Qumu Appoints Veteran Technology Executive TJ Kennedy as President and CEO
July 17 2020 - 8:00AM
Business Wire
Qumu Corporation (Nasdaq: QUMU), the leading provider of
best-in-class video technology for the enterprise, today announced
that its Board of Directors has appointed technology executive TJ
Kennedy as its new President and Chief Executive Officer, effective
July 20, 2020. Mr. Kennedy will succeed Vern Hanzlik, who has
stepped down as President and Chief Executive Officer and as a
director of the Company, effective immediately, to pursue other
interests. Mr. Kennedy’s election to the Board of Directors will
become effective concurrently with his appointment as Chief
Executive Officer.
“On behalf of the Board of Directors, we would like to thank
Vern for his service and invaluable contributions to Qumu’s
best-in-class software platform, which has become the backbone of
the ‘new normal’ for video communications within our Global 2000
customer base,” stated Company Chairman Neil E. Cox. “Vern has
transformed Qumu’s software platform into what it is today: an
award winning, globally recognized, end-to-end solution for
securely creating, managing and delivering live and on demand video
across any organization at scale. We wish Vern all the best in his
future pursuits.”
Mr. Hanzlik added: “I am proud to say that I will be leaving
Qumu in a position of strength and stability. I want to thank the
Qumu Board for the opportunity to lead the Company and for the time
I have been able to spend with our talented employees, valued
customers and partners. Qumu truly has the superior strategy as
well as the greatest people in the enterprise video space."
Mr. Cox added: “I am also eager to welcome TJ as our new
President and CEO. His significant experience in overseeing highly
innovative projects and managing complex deployments at scale makes
him the right leader at the right time for Qumu. From his extensive
work within various critical technology markets, TJ understands
that perfect execution is absolutely essential. As Qumu faces
increased demands in a COVID-19 world, we have become an even more
essential part of our customers’ businesses. Additionally, with the
larger digital transformation continuing in virtually every
industry, we are confident TJ will lead our Company to even greater
heights. We are looking forward to benefitting from his uniquely
qualified skill set and capitalizing on our near- and long-term
pipeline of opportunities, which we believe will drive shareholder
value over the long run.”
Mr. Kennedy commented: “I am excited to join the Qumu team at
such an inflection point in the enterprise video space. I look
forward to helping organizations across the globe address the new
normal for their employees as well as facilitating the paradigm
shift happening with video communication in companies
worldwide.”
Mr. Kennedy is a proven technology executive who has
successfully led growing teams and disruptive business models from
tech startups to Fortune 500 businesses. Mr. Kennedy joins Qumu
from Allerio, Inc., a telemedicine platform as a service (PaaS)
company that provides lifesaving technology to public safety
agencies, where he served as CEO and a Director since January 2019.
He was also one of the founders and principals of The Public Safety
Network, a company focused on communications technology solutions
to meet the mission critical needs of public safety. In this role,
Mr. Kennedy led strategic initiatives for governments and
technology companies who were implementing large-scale technology
projects. In addition, Mr. Kennedy served as the President of First
Responder Network Authority (FirstNet.gov), which designed and
oversaw the world’s first nationwide 4G LTE wireless network
dedicated to first responders. At FirstNet, he was responsible for
executing both daily operations and strategy development to build a
$40 billion public-private partnership from a start-up. Prior to
FirstNet, he served as the President of JPS Communications, Inc., a
subsidiary of Raytheon Company (NYSE: RTN). Mr. Kennedy led the
strategy for public safety at Raytheon which leveraged the
technology, research and development, and experience in the
military and homeland defense markets to implement affordable,
effective and interoperable public safety solutions. Mr. Kennedy
also serves as a board member of multiple technology startup
companies involved in public safety technology and mission critical
communications. He received a Master of Business Administration
degree from Johns Hopkins University and a Bachelor of Science
degree from the University of Utah.
About Qumu
Qumu Corporation (Nasdaq: QUMU) is the leading provider of a
best-in-class platform to create, manage, secure, distribute and
measure the success of live and on-demand video for the intelligent
enterprise. Backed by the most trusted and experienced team in the
industry, the Qumu platform enables global organizations to drive
employee engagement, increase access to video, and modernize the
workplace by providing a more efficient and effective way to share
knowledge.
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version on businesswire.com: https://www.businesswire.com/news/home/20200717005101/en/
Company Contact:
Dave Ristow Chief Financial Officer Qumu Corporation
Dave.Ristow@qumu.com +1.612.638.9045
Investor Contact:
Matt Glover or Tom Colton Gateway Investor Relations
QUMU@gatewayir.com +1.949.574.3860
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