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Avid ousts CEO Louis Hernandez Jr.
https://www.studiodaily.com/2018/02/avid-ousts-ceo-louis-hernandez-jr-workplace-conduct/
It was not over financial issues. Personal conduct.
‘Avid did not specify the exact nature of the offenses that led to the dismissal, describing only “allegations of improper non-financially related workplace conduct by Mr. Hernandez.”’
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4 Replies
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With Rosica at the helm, I would expect a doubling down of the commitment to broadcasters.
Avid’s official press release:
https://www.avid.com/press-room/2018/02/jeff-rosica-appointed-ceo– Oliver
Oliver Peters – oliverpeters.com
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[Oliver Peters] “With Rosica at the helm, I would expect a doubling down of the commitment to broadcasters.”
Why is that? Not being a smart-ass, but generally curious of why you think that will be his strategy?
Scott Witthaus
Senior Editor/Visual Storyteller
https://vimeo.com/channels/1322525
Managing Partner, Low Country Creative LLC
Professor, VCU Brandcenter -
[Scott Witthaus] “generally curious of why you think that will be his strategy”
I don’t know if there is a specific strategy. But, as Tim W. has often pointed out, Avid is big in broadcast operations. Especially large enterprise operations. All of the company’s recent acquisitions have been broadcast-oriented companies. Rosica’s background, before he came to Avid, was largely with companies that serviced that market, like GVG. So that’s my reasoning.
– Oliver
Oliver Peters – oliverpeters.com
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I am not sure that will be much of a switch from Avid under Hernandez, but it will be nice to have a industry person at the lead versus a “deal maker”, which was Louie.
Thanks Louie, you left Avid stock just above it’s all time low, which was under your watch as well.
Scott Witthaus
Senior Editor/Visual Storyteller
https://vimeo.com/channels/1322525
Managing Partner, Low Country Creative LLC
Professor, VCU Brandcenter
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