SEATTLE, March 25, 2020 /PRNewswire/ -- RealNetworks,
Inc. (Nasdaq: RNWK), a leader in digital media software and
services, today announced the hiring of Judd Lee as Senior Vice President. Lee starts at
Real on Thursday, March
26th and will become Real's new Chief Financial
Officer and Treasurer early in the second quarter of 2020,
succeeding Mike Ensing. In this
role, Lee will oversee all financial operations at RealNetworks and
report directly to the company's Chairman and CEO, Rob Glaser.
Lee has served as Chief Financial Officer and in senior
leadership roles for technology companies and investment firms for
over two decades. He brings to RealNetworks an extensive background
in financial management, strategic planning, and operational
accounting and finance.
"Judd is a great addition to our senior management team," said
Rob Glaser, Chairman and CEO of
RealNetworks. "Judd's experience in artificial intelligence and
security companies is very much aligned with Real's growth
initiatives, and his fresh strategic perspective will serve Real
well at this important and complex historical moment."
"I'm excited to join RealNetworks at this pivotal time," said
Lee. "With Real's rich history of innovation, I look forward to
joining the team and helping to drive growth and profitability at
RealNetworks."
Lee brings decades of experience in financial and strategic
leadership with technology companies and investment firms. He
served as Chief Financial Officer at desktop virtualization
provider Parallels and network security company SignalSense. Prior
to that, he held senior finance roles at investment firms,
including venture capital firm Maveron, and technology companies,
including Microsoft. Lee holds an MBA from the Wharton School,
University of Pennsylvania, and a
Bachelor of Science from the University of
California at Berkeley.
Lee succeeds Michael Ensing, who
began serving as Interim Chief Financial Officer on February 14, 2020. Glaser continued, "I want to
thank Mike for his leadership and his great work during this
interim period. The world changed a lot very quickly and having a
seasoned exec like Mike on the team has served us very well during
this period."
About RealNetworks
Building on a legacy of digital media expertise and innovation,
RealNetworks has created a new generation of products that employ
best-in-class artificial intelligence and machine learning to
enhance and secure our daily lives. SAFR (www.safr.com) is the
world's premier facial recognition platform for live video. Leading
in real-world performance and accuracy as evidenced in testing by
NIST, SAFR enables new applications for security, convenience, and
analytics. For information about our other products,
visit www.realnetworks.com.
RealNetworks is a registered trademark of RealNetworks, Inc.
All other trademarks, names of actual companies and products
mentioned herein are the property of their respective
owners.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties, including statements relating to
our current expectations regarding future prospects and completion
of the transaction. All statements contained in this press release
that do not relate to matters of historical fact should be
considered forward-looking statements. These statements
reflect our expectations as of today, and actual results may differ
materially from the results predicted. Factors that could cause
actual results for RealNetworks, on a consolidated basis, to differ
from the results predicted include: our ability to realize
operating efficiencies, growth and other benefits from the
implementation of our growth initiatives and restructuring efforts;
cash usage and conservation, and the pursuit of additional funding
sources; successful monetization of our products and services;
competitive risks, including the emergence or growth of competing
technologies, products and services; potential outcomes and effects
of claims and legal proceedings; risks associated with key customer
or strategic relationships and business acquisitions; disruptions
in the global financial markets, including changes in consumer
spending and impacts to credit availability; fluctuations in
foreign currencies; and unique risk factors that relate to our
Napster segment, such as risks stemming from its streaming music
service and related music royalties. More information about
potential risk factors that could affect our business and financial
results is included in RealNetworks' annual report on Form 10-K for
the most recent year ended December
31, its quarterly reports on Form 10-Q and in other reports
and documents filed by RealNetworks from time to time with the
Securities and Exchange Commission. The preparation of our
financial statements and forward-looking financial guidance
requires us to make estimates and assumptions that affect the
reported amount of assets and liabilities, and revenues and
expenses during the reported period. Actual results may differ
materially from these estimates under different assumptions or
conditions. RealNetworks assumes no obligation to update any
forward-looking statements or information, which are in effect as
of their respective dates.
For More Information:
Investor Relations for
RealNetworks
Kimberly Orlando, Addo Investor
Relations
310-829-5400
IR@realnetworks.com
RNWK-F
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SOURCE RealNetworks, Inc.