
Eric Cooney, President and CEO of SAM Tim Thorsteinson resigns as CEO, for personal reasons, following this position two for two years and have driven the fusion of Snell and Quantel which resulted in the new company.
The Board of Directors of Snell Advanced Media)SAM) has been appointed as new President and CEO Eric Cooney. At the same time, Tim Thorsteinson resigns as CEO, for personal reasons, following this position two for two years and have driven the fusion of Snell and Quantel which resulted in the new company.
Thorsteinson will continue advising the Board of Directors as part of a succession plan. It will also remain as a shareholder in SAM. Thorsteinson led change of SAM based on a clear strategy of development of new products, combined with the strengthening of the presence of sales teams in major markets.
Cooney has over twenty years of experience in the technology, media and telecommunications industry. The latest companies that have had the talent of this Executive include Tandberg and Internap, which became its CEO transforming both strategy and driving sales and customer service. In the case of Tandberg he was commissioned to lead its merger with the Ericsson group in 2007.
Cooney has ensured that "Snell Advanced Media has seen good growth in recent years, in what has been a challenging market impacted by the changing nature of the consumption of media by end users. This is testimony of their commitment to innovation and integration, while maintaining its customers in first line. After demonstrating the ability to adapt and evolve both organically and through M & A activity, this is an exciting time to join the team of face to further boost market share and profitable growth within the industry of media production".
Based in Newbury, Berkshire, SAM employs almost 600 people in offices in Europe, America, Middle East and Asia Pacific. With a growth of 20%, its shareholders backed by LDC, the Lloyds Banking Group private equity arm.
Chris Hurley, director of portfolio of LDC, has thanked Tim Thorsteinson "their important contribution to the success of Snell Advanced Media during his tenure as CEO. Eric will bring a lot of experience in the industry through the Groups main markets, as well as extensive experience of leadership in some of the most successful companies in the sector. It is ideally located to lead the team and continue to build on the successes of the business to date."
Kevan Leggett, presidente de SAM, ha a adido que Tim ha hecho un trabajo fant stico en primer lugar, estabilizando el negocio y posteriormente dise ando y llevando a cabo una estrategia basada en la inversi n significativa en el desarrollo de nuevos productos alineados a la mejora del equipo de ventas que ha dado lugar a un crecimiento de las ventas de manera significativa en SAM. He disfrutado trabajando con l y estoy encantado de que siga involucrado. Eric tiene un historial probado de creaci n de valor significativo y puede aprovechar la plataforma que Tim ha construido para continuar el xito de SAM en los pr ximos a os .
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