DivX Announces Appointment of New Board Member
March 09 2009 - 4:10PM
PR Newswire (US)
Alex Serge Vieux, Publisher and CEO of Red Herring, to Join DivX
Board SAN DIEGO, March 9 /PRNewswire-FirstCall/ -- DivX, Inc.
(NASDAQ:DIVX), a digital media company, today announced that its
Board of Directors has elected Alex Serge Vieux, Publisher of Red
Herring and Chief Executive Officer of Red Herring, Inc., to the
Board increasing the size of the Board from seven to eight members.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO)
"We are pleased to add individuals of Alex's caliber to our board,"
commented Kevin Hell, Chief Executive Officer for DivX. "Alex's
global entrepreneurial experience coupled with his background as a
publisher of one of the leading technology publications will
provide valuable perspectives to our already diverse Board. His
current board appointments on numerous international public and
private companies bring a unique combination of business and
technical knowledge and skills to our organization." "Alex's
strengths as a high-tech journalist, entrepreneur, professor and
advisor bring a wealth of knowledge and leadership to our Board,"
said Chris McGurk, Chief Executive Officer for Overture Films and
chairman of the Board's Nominating and Corporate Governance
Committee. "We look forward to working with Alex as our Board
continues to shape the direction of DivX while supporting its
ongoing efforts to bring high-quality digital media to consumers."
Mr. Vieux's contributions to the technology industry span more than
20 years and include co-founding two banking software companies,
CATS and Renaissance Software, as well as DASAR, a European
incubator and conference company. Repeatedly named by Time magazine
as one of the top 25 people shaping a Digital Europe, Mr. Vieux has
been elected to the Board of Directors of ten public companies,
including Tandem Computers (until the company's merger with
Compaq), Computer Associates, Commerce One, BVRP, and Check Point
Software. He was a special advisor to the French Minister of
Finance, Industry and Economics from 1991 until 1993, and served as
president of the French Republic's Infotech Commission between 1997
and 1999. "DivX has already impacted the life of millions of people
across the globe with its technology," stated Mr. Vieux. "It will
undoubtedly transform the living room experience in many more ways
than we can even dream of. DivX's team and their accomplishments
are exceptional assets for our sector. I am thrilled and honored to
have been selected by its Directors and management." Mr. Vieux has
held positions at the University of Paris Dauphine and the
Universite de Paris Sorbonne, lecturing on the development of the
IT industry. He is a graduate of the Institute d'Etudes Politiques
and the French business school HEC. He also holds a law degree from
the Universite de Paris and an MBA from Stanford University where
he was a Fulbright Scholar. DivX's current Board of Directors
consists of Dr. James Brailean, Chief Executive Officer for
NextWave Mobile Products Division, Frank Creer, founder and
managing director of Zone Ventures, Fred Gerson, Senior Vice
President and Chief Financial Officer for the San Diego Padres,
Kevin Hell, Chief Executive Officer for DivX, Inc., Chris McGurk,
Chief Executive Officer for Overture Films, Jerry Murdock,
co-founder and managing director of Insight Venture Partners, and
Jerome J.P. Vashisht-Rota, co-founder of DivX, Inc. About DivX,
Inc. DivX, Inc. is a digital media company that enables consumers
to enjoy a high-quality video experience across any kind of device.
DivX creates, distributes and licenses digital video technologies
that span the "three screens" comprising today's consumer media
environment--the PC, the television and mobile devices. Millions of
DivX Certified devices have shipped into the market from leading
consumer electronics manufacturers. DivX also offers content
providers and publishers a complete solution for the distribution
of secure, high-quality digital video content. Driven by a globally
recognized brand and a passionate community of hundreds of millions
of consumers, DivX is simplifying the video experience to enable
the digital home.
http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO
http://photoarchive.ap.org/ DATASOURCE: DivX, Inc. CONTACT: media,
Jen Baumgartner, +1-503-901-5371, jbaumgartnerdivxcorp.com, or
investors, Karen Fisher, +1-858-882-6415, , both of DivX, Inc. Web
Site: http://www.divx.com/
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