TEWKSBURY, MA -- (Marketwire) -- 10/21/09 -- Avid® (NASDAQ: AVID) today announced that
its board of directors has elected Robert M. Bakish as a Class II director
of the company. His term will expire at the company's 2010 annual meeting
of stockholders.
Mr. Bakish is president of MTV Networks (MTVN) International, a division of
Viacom (NYSE: VIA) (NYSE: VIA.B), overseeing all MTV Networks operations
outside of the United States. Mr. Bakish has served as president of MTVN
since 2007. Prior to this, he held several executive positions within the
company. Before joining Viacom in February 1997, Mr. Bakish was a partner
with Booz Allen & Hamilton in its Media and Entertainment practice.
"We are pleased to welcome Bob to Avid's board. He is a veteran leader in
the global media and entertainment industry who will provide invaluable
insight into the global social and economic influences that impact our
customers," said Gary Greenfield, Avid's chairman and CEO. "Bob's
experience is especially pertinent as Avid continues to focus on delivering
best-in-class solutions that help our customers succeed in digital media
creation."
Currently, Mr. Bakish also serves as Chairman of the Board of Viacom 18,
Viacom's Indian joint venture, and is on the boards of Viacom joint
ventures with BSkyB and Telecom Italia Media. He holds an M.B.A. from
Columbia University School of Business and a bachelor's degree from
Columbia's School of Engineering and Applied Science.
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,
television shows, live concert tours and news broadcasts, to music and
movies made at home. Some of Avid's most influential and pioneering
solutions include Media Composer®, Pro Tools®, Avid Unity(TM),
Interplay®, Oxygen 8, Sibelius® and Pinnacle Studio(TM). For more
information about Avid solutions and services, visit www.avid.com, del.icio.us, Flickr, Twitter and YouTube; connect with Avid on Facebook; or subscribe to Avid Industry Buzz.
© 2009 Avid Technology, Inc. All rights reserved. Avid, the Avid Logo,
Pinnacle Studio, Avid Unity, Interplay, Media Composer, Pro Tools and
Sibelius are trademarks or registered trademarks of Avid Technology, Inc.
or its subsidiaries in the United States and/or other countries. The
Interplay name is used with the permission of Interplay Entertainment
Corp., which bears no responsibility for Avid products. All other
trademarks are the property of their respective owners.
