People: Avid Technology Inc (AVID.OQ)
28 Apr 2017
Mr. Louis Hernandez, Jr., is re-designated as Chairman of the Board, Chief Executive Officer of the Company effective December 7, 2016. He was Chairman of the Board, President, Chief Executive Officer of Avid Technology Inc. he is appointed as President and CEO in February 2013 and as Chairman of Board in October 2013. He became a director in February 2008 and served as our lead director from December 2011 until his appointment as our President and CEO. Prior to being appointed our President and CEO, Mr. Hernandez was the chairman and Chief Executive Officer of Open Solutions Inc., a provider of enterprise-wide enabling technologies for the financial services marketplace, which was acquired in January 2013 by Fiserv, Inc. Mr. Hernandez served as chairman of Open Solutions from 2000 to 2013, and as Chief Executive Officer of Open Solutions from 1999 to 2013. Prior to Open Solutions, Mr. Hernandez served as Executive Vice President and Chief Financial Officer of RoweCom Inc., an electronic commerce software vendor. Prior to joining RoweCom, Mr. Hernandez served as the Chief Financial Officer and Corporate Secretary of U.S. Medical Instruments, Inc. and worked in the business and advisory services group of Price Waterhouse LLP. Mr. Hernandez also served as a director and member of the audit and compensation committee of Unica Corporation (UNCA), HSBC North America Holdings Inc., HSBC USA Inc. and HSBC Bank USA, N.A. Mr. Hernandez has a proven track record of driving the operations and growth of technology companies in a variety of industries and has been a principal architect of our Avid Everywhere strategy.
|Total Annual Compensation, USD||2,351,000|
|Restricted Stock Awards, USD||954,180|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||3,225,310|
|Fiscal Year Total, USD||6,530,490|