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Avid ousts CEO Louis Hernandez Jr.

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Craig Seeman
Avid ousts CEO Louis Hernandez Jr.
on Feb 26, 2018 at 5:37:31 pm

http://www.studiodaily.com/2018/02/avid-ousts-ceo-louis-hernandez-jr-workpl...

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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Oliver Peters
Re: Avid ousts CEO Louis Hernandez Jr.
on Feb 26, 2018 at 7:51:09 pm
Last Edited By Oliver Peters on Feb 26, 2018 at 9:38:59 pm

With Rosica at the helm, I would expect a doubling down of the commitment to broadcasters.

Avid's official press release:
http://www.avid.com/press-room/2018/02/jeff-rosica-appointed-ceo

- Oliver

Oliver Peters - oliverpeters.com


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Scott Witthaus
Re: Avid ousts CEO Louis Hernandez Jr.
on Feb 27, 2018 at 12:03:36 pm

[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


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Oliver Peters
Re: Avid ousts CEO Louis Hernandez Jr.
on Feb 27, 2018 at 1:30:03 pm

[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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Scott Witthaus
Re: Avid ousts CEO Louis Hernandez Jr.
on Feb 27, 2018 at 1:46:53 pm

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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