Synacor Appoints 180 Degree Capital Corp. CEO Kevin M. Rendino to Board of Directors
March 05 2019 - 8:30AM
Business Wire
Synacor Inc. (NASDAQ: SYNC) today announced that it has
appointed Kevin M. Rendino, CEO of 180 Degree Capital Corp., to its
Board of Directors, effective March 1, 2019.
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Kevin M. Rendino (Photo: Business
Wire)
Mr. Rendino is a financial services leader and shareholder
advocate with three decades of Wall Street experience
in capital markets, value investing and global equity markets.
As Synacor advances its industry-leading email & collaboration,
identity, portal and advertising platforms, it believes Mr.
Rendino will add unique insights and shareholder perspective to
Synacor’s Board.
“We’re delighted to have Kevin join the Synacor Board of
Directors,” said Synacor CEO Himesh Bhise. “Kevin shares Synacor’s
commitment to profitability and high-value, recurring revenue. His
passion and perspectives will be important as we drive shareholder
and customer value.”
“180 Degree Capital holds a significant investment in Synacor,”
said Mr. Rendino. “We believe the market has overlooked Synacor’s
transformation to growing, recurring revenues. I’ve watched closely
and been impressed as the company has further established itself in
Software and Cloud offerings. It’s a privilege to join Synacor’s
distinguished Board of Directors, where I can work closely with
Himesh, board members, and the management team to accelerate and
expand high-quality revenue and profitability.”
“We’ve come to know Kevin as a Synacor investor and appreciate
his unique insights,” said Synacor Chairman Jordan Levy. “We
welcome Kevin to the Synacor Board and look forward to benefiting
from his decades of experience as a Wall Street leader and
shareholder advocate.”
Kevin M. Rendino has served as Chairman, Chief
Executive Officer and Portfolio Manager of 180 Degree Capital
Corp. since March 2017. He has served as a member of
180’s Board since June 2016. From December
2012 to March 2017, Mr. Rendino served as Chairman/CEO of
RGJ Capital, where he led a value investing focus. For
over twenty years, Mr. Rendino worked on one fund at
BlackRock/Merrill Lynch, Basic Value Fund, with a
consistent Graham and Dodd focus. He was the value team
leader, overseeing 11 funds and $13 billion in assets, a
member of BlackRock’s Leadership Committee and a frequent
contributor to CNBC, Bloomberg TV, Fox Business, The New York
Times and The Wall Street Journal. He received numerous Lipper
awards for Investment Excellence during his tenure.
Since November 2017, Mr. Rendino has served as a
member of the Board of Directors of TheStreet, Inc. Mr.
Rendino graduated from the Carroll School of Management at
Boston College (B.S.).
About Synacor
Synacor (Nasdaq:SYNC) is the trusted technology
development, multiplatform services and revenue partner for video,
Internet and communications providers, device manufacturers,
governments and enterprises. Synacor’s mission is to enable its
customers to better engage with their consumers. Its customers use
Synacor’s technology platforms and services to scale their
businesses and extend their subscriber
relationships. Synacor delivers managed portals,
advertising solutions, email and collaboration platforms, and
cloud-based identity management. www.synacor.com
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version on businesswire.com: https://www.businesswire.com/news/home/20190305005541/en/
Meredith RothVP, Marketing & Corporate
CommunicationsSynacormroth@synacor.com+1 770-846-1911
Investors:David CalusdianSharon Merrill Associates+1
617-542-5300ir@synacor.com
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