Sonic Foundry CEO Gary Weis Announces Retirement
April 24 2019 - 3:30PM
Sonic Foundry today announced that after eight years of leading the
company, Chief Executive Officer Gary Weis will retire, effective
May 1. Weis will serve as a Senior Advisor to the company through
April 30, 2020 and remain on the company’s Board of Directors,
where he has been since 2004. In the role of Senior Advisor he will
be principally involved in assisting the company’s Special
Committee of Independent Directors in seeking to maximize
shareholder value. After a careful succession planning
process undertaken by the Board of Directors, Michael Norregaard,
who was named Chief Operating Officer earlier this year, will
assume the role of Chief Executive Officer.
“It has been my pleasure to serve as CEO of Sonic Foundry. I’m
extremely grateful for the last 15 years with the company and am
proud of the work that we have accomplished to make video creation
more accessible to any school or organization. It’s an honor to
collaborate with the most experienced, creative and talented people
in the industry,” Weis said. “I’ve had a fulfilling career and
believe it is the perfect time for me to step down for a transition
in leadership to usher in a new chapter for the company. I have
known and worked with Michael for many years in several other
companies and I could not pass the baton to a more deserving and
qualified leader.” While serving as CEO, Weis built the
company into the recognized global leader for video capture and
management. He oversaw the expansion of its global market reach in
Europe and the Asia-Pacific region with the acquisitions of leading
education and enterprise video providers, MediaMission in the
Netherlands, and Mediasite. K.K. in Japan, as well as a partnership
with Neusoft IT Services Co., Ltd, one of the largest IT solution
and service providers in China. Weis spearheaded the
company’s commitment to remove hurdles to campus and
enterprise-wide adoption with the development of an innovative new
product mix. In addition to substantial growth from new Mediasite
Video Cloud customers, the introduction of an affordable line of
recorders led to increased recorder shipments. New software
offerings, such as Mediasite Join video conference capture, brought
the company into the unified communications market and recent
integrations with technologies like IBM Watson are helping
customers meet important accessibility requirements.
“Gary leaves behind a great legacy, and I have valued our
partnership over my past five years with the company,” Norregaard
said. “As I move forward as CEO, I will work closely with our
entire team to ensure a smooth transition and the highest quality
service and products for our customers around the world. I am
excited about the new role and see tremendous potential for success
on the road ahead.”
“On behalf of Sonic Foundry’s board members and employees, I’d
like to thank Gary for his dedication to the company over all these
years,” said Mark Burish, Chairman of the Board. “His experience
and leadership positioned the company as a strong partner in
mission critical implementations and for future growth. It will be
a natural transition for Michael, who has played an integral role
in many parts of the business, to lead the company as it builds on
its strong, established product base by adding new and innovative
capabilities as the company moves on to its next chapter.”
About Sonic Foundry®, Inc.
Sonic Foundry (OTC Pink Sheets: SOFO) is the global leader
for video capture, management and streaming solutions. Trusted by
more than 4,900 educational institutions, corporations, health
organizations and government entities in over 65 countries,
its Mediasite Video Platform quickly and cost-effectively
automates the capture, management, delivery and search of live and
on-demand streaming videos. Learn more at www.mediasite.com
and @mediasite.
© 2019 Sonic Foundry, Inc. Product and service names mentioned
herein are the trademarks of Sonic Foundry, Inc. or their
respective owners.
Media Relations: Nicole Wise, Director of Communications
Sonic Foundry
920.226.0269
nicolew@sonicfoundry.com
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