SeaChange International Appoints Chairman Robert Pons as Executive Chairman; Board of Directors Initiates Search for New CEO ...
January 13 2021 - 8:00AM
SeaChange International, Inc. (NASDAQ:
SEAC), a leading provider of video delivery platforms, has
appointed Chairman Roberts Pons as Executive Chairman, effective
January 8, 2021. Pons succeeds Yossi Aloni, who resigned as Chief
Executive Officer (CEO), President and as a director of the Company
to pursue other interests. Pons joined SeaChange’s board in
February 2019 and was appointed Chairman in December 2019. Pons has
assumed operating responsibilities and will continue to do so until
a new CEO has been appointed.
SeaChange’s board has initiated a search process for a new CEO
to lead and execute the company's long-term plan to drive growth at
scale.
“We have a talented and highly capable leadership team that has
positioned SeaChange as the leading technology provider enabling
operators and content owners to cost-effectively launch and manage
their content delivery needs,” said Pons. “This favorable
positioning has allowed the Company to secure 39 Framework new wins
since introducing the platform in 2019, including the recent win
with one of the largest mobile network operators globally, which is
the most meaningful in Company history. I look forward to working
closely with the leadership team and Board to build on this
momentum while ensuring a quick and seamless transition to the new
CEO.”
Jeff Tuder, Vice Chairman of the Board, commented: “We are
fortunate to have Bob step in as Executive Chairman to ensure
continuity and execution of strategy while we search for a
permanent CEO to lead SeaChange through its next phase of growth.
Bob has more than 30 years of management and board experience,
including a proven track record creating shareholder value for
other leading technology companies he has been involved with.”
About SeaChange International, Inc.SeaChange
International (NASDAQ: SEAC) powers hundreds of cloud and
on-premises platforms with live TV and video on demand (VOD) for
more than 50 million subscribers worldwide. SeaChange's end-to-end
solution, the Framework, enables operators and content owners to
cost-effectively launch a direct-to-consumer video service. This
includes back-office, media asset management, ad management,
analytics, and a client application for set-top boxes (STB),
Smart-TVs and mobile devices. Framework is available as a product
or managed service, and can be deployed on-premises, in the cloud
or as a hybrid. For more information, please visit
www.seachange.com.
SeaChange Contact:Matt GloverGateway Investor
Relations949-574-3860SEAC@gatewayir.com
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