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Avid Names Louis Hernandez Chief Executive Officer
Proven growth-oriented technology executive to lead company through next wave of innovation and growth
"Louis is a visionary, inspirational leader with a stellar track record
of driving the operations and growth of technology companies in a
variety of industries," said
"It is an exciting opportunity to lead Avid at this very important
juncture in the company's history," said
Forward Looking Statements
Statements in this press release that relate to future results or events
are forward-looking statements and are based on Avid's current estimates
and assumptions. Forward-looking statements may be identified by the use
of forward-looking words, such as "anticipate," "believe," "should,"
"estimate," "expect," "intend," "confidence," "may," "plan," "feel,"
"could," "will," and "would," or similar expressions. Actual results and
events in future periods may differ materially from those expressed or
implied by these forward-looking statements because of a number of
risks, uncertainties and other factors, including: Avid's ability to
execute its strategic plan and meet customer needs; Avid's ability to
realize operational and financial benefits from the sale of its consumer
audio and video product lines and the reduction in workforce announced
last quarter; Avid's ability to sell its professional products through
retail sales channels following the divestiture of consumer products
sold through those sales channels; its ability to produce innovative
products in response to changing market demand, particularly in the
media industry; competitive factors; fluctuations in its revenue, based
on, among other things, Avid's performance in particular geographies or
markets, fluctuations in foreign currency exchange rates, and seasonal
factors; adverse changes in economic conditions; Avid's liquidity; and
other risk factors and uncertainties disclosed previously and from time
to time in Avid's filings with the
About Avid
Avid creates the digital audio and video technology used to make the
most listened to, most watched and most loved media in the world — from
the most prestigious and award-winning feature films, music recordings,
and television shows, to live concert tours and news broadcasts. Some of
Avid's most influential and pioneering solutions include Media
Composer®, Pro Tools®, Interplay®, ISIS®, VENUE, Sibelius® and System 5.
For more information about Avid solutions and services, visit www.avid.com,
connect with Avid on Facebook,
Twitter,
© 2013
Avid
Media Contact
lisa.kilborn@avid.com
or
Investor
Contact
tom.fitzimmons@avid.com
Source: Avid
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