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Avid names new president/CEO

February 11, 2013
Avid names new president/CEO
BURLINGTON, MA — Avid’s board of directors appointed Louis Hernandez president and chief executive officer. He succeeds former president and chief executive officer Gary Greenfield, who will remain on Avid’s board of directors. 

Hernandez has been a member of the Avid board since 2008. Most recently, he was also chairman of the board and CEO of Open Solutions, Inc., a technology provider to financial institutions worldwide, which was acquired in January 2013 by Fiserv, Inc.

“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 George Billings, speaking on behalf of Avid’s Board. “As lead director, he spent years developing a deep familiarity with Avid’s customers, markets, and products that will allow him to quickly make a positive impact as chief executive.”

“It is an exciting opportunity to lead Avid at this very important juncture in the company’s history,” says Hernandez. “As the industry leader for more than 25 years, Avid continues to set the standard for nonlinear editing, media management, and collaboration in the audio, video, and broadcast markets. The company is well positioned for growth and global expansion in this fast-moving marketplace. It is exciting to be working with the Avid team, as we drive results and value for our customers, employees, and shareholders.”