Avid Technology’s Board of Directors Unanimously Elects Media & Entertainment Industry Veteran John P. Wallace as Board Chair
May 30 2022 - 12:00PM
Avid® (Nasdaq: AVID), the leading media tech innovator for
cloud-based content workflows, today announced that its Board of
Directors has unanimously elected John P. Wallace as Chair,
effective immediately. This election is the result of Peter M.
Westley’s decision to vacate the chair position after he was
appointed Chief Financial Officer of CuriosityStream Inc. Mr.
Westley will continue his Avid board service as a Director.
This election elevates Mr. Wallace from his current Director
seat, to which he was appointed in 2017. He is a media and
entertainment industry veteran with more than 30 years of
experience, having served as President and CEO of Deluxe
Entertainment Services Group and, previously, with NBCUniversal as
President of Operations and Technical Services and also as
President of the network’s Owned Television Stations Division.
Since retiring in 2019, Mr. Wallace has remained active in the
industry and today serves on the board of Linius Technologies, an
early-stage technology company focused on video
virtualization.
“I’m confident that John Wallace will provide strong board
leadership. His innate understanding of the media and entertainment
industry landscape will ensure we can continue to help guide Avid
forward to achieve its vision and strategic objectives,” said Peter
Westley. “I’m proud that Avid’s board has been deeply engaged in
supporting the company’s transformation and growth throughout my
tenure as chairman and I look forward to helping the momentum to
continue as a board director.”
“Avid and our shareholders have benefitted from the extremely
effective collaboration between the board, under Peter Westley, and
our company’s management team,” said Jeff Rosica, CEO &
President, Avid. “Avid is thankful to Peter for his board
leadership since 2018, a period of tremendous positive improvement
in the company’s financial performance trajectory. We now
enthusiastically welcome John Wallace in his new role as the board
chair with high confidence as we continue carrying out the
company’s strategic vision and execute on our profitable growth
strategy.”
“I’m extremely grateful to Peter Westley for his numerous
contributions to Avid’s board and the progress the company has made
during his leadership. I’m pleased that we will move forward with
his expertise and influence remaining on the board,” said John
Wallace, Board Chair, Avid. “I’m excited to step into leading
Avid’s board and continue our collaboration with the management
team to keep growing one of media and entertainment’s premier
technology companies.”
Editor’s note: Visit
https://www.avid.com/press-center/media-library/ for
high-resolution headshot photography of Avid’s Board of Directors
and executive leadership.
Avid Powers Greater Creators People who
create media for a living become greater creators
with Avid’s award-winning technology solutions to make,
manage and monetize today’s most celebrated video and
audio content—from iconic movies and binge-worthy TV series,
to network news and sports, to recorded music and the live stage.
What began more than 30 years ago with our invention
of nonlinear digital video editing has led to individual
artists, creative teams and organizations everywhere
subscribing to our powerful tools and collaborating securely in the
cloud. We continue to re-imagine the many ways editors, musicians,
producers, journalists and other content creators will bring their
stories to life. Discover the possibilities
at avid.com and join the conversation on social media
with the multitude of brilliant creative people who choose Avid for
a lifetime of success.
© 2022 Avid Technology, Inc., Avid and its logo are
property of Avid. All rights reserved. Other trademarks are
property of their respective owners.
PR ContactAvidJim
Sheehanjim.sheehan@avid.com 978.771.4715
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