Tag Archives: Tim Thorsteinson

SAM names Eric Cooney president/CEO, replaces Tim Thorsteinson

Snell Advanced Media (SAM) has brought on former Tandberg Television president Eric Cooney as president and CEO. As CEO of Tandberg Television, Cooney led its merger with Ericsson Group in 2007. He subsequently resigned to accept the CEO role at NASDAQ-listed IT services provider Internap Corp.

The appointment will see Tim Thorsteinson step down as CEO after two years in the role for personal reasons, which, in the near to medium term, limit his ability to travel. Thorsteinson had led the rebranding of the group — which included Snell and Quantel — as Snell Advanced Media. He will continue to be involved in an advisory capacity to the board as part of a succession plan. He will also remain as a shareholder in SAM.

Headquartered in Newbury, Berkshire, SAM employs almost 600 people across offices in Europe, the Americas, the Middle East and Asia Pacific. The group, which recently reported 20 percent year-on-year growth, is backed by LDC, the private equity arm of Lloyds Banking Group.

Commenting on his appointment, Cooney said, “Snell Advanced Media has seen good growth in recent years, in what has been a challenging market impacted by the changing nature of end-user media consumption. This is testament to its commitment to innovation and integration, whilst keeping its customers front and center.”

SAM delivers a range of technology-led products and solutions across the media production ecosystem, including live production, news and sports editing, post, playout and delivery, modular infrastructure and image processing.

 

Broadcast industry vet Tim Thorsteinson named CEO of Quantel

UK-based Quantel and Snell have named Tim Thorsteinson as CEO. Quantel’s long-time CEO and chairman, Ray Cross, has stepped down after 10 years.

Many of you may recognize Thorsteinson’s name — he has held many senior roles in the media technology industry, including twice as the CEO of Grass Valley, president of the Broadcast division of Harris and president/CEO of Enablence. He will split his time between Newbury in the UK and Toronto, Canada.

“We are delighted to have Tim Thorsteinson join Quantel to continue the company’s transformation. Tim has a proven track record of value creation, and his knowledge and experience are a great fit to grow the combined Quantel and Snell business into a major force in the rapidly changing broadcast industry,” says Chris Hurley, managing director Lloyds Development Capital and Quantel board director. “I would also like to thank Ray for all his hard work and achievements at Quantel over the past 10 years.”

“I’m very excited to be joining Quantel,” says Thorsteinson. “It is one of the larger independent businesses in our industry, with world-class products and a rich history of innovation. I want to build on that tradition to create an organization 100 percent focused on helping our customers prosper in the media technology world.”

Those customers live in both the broadcast and post worlds, and that won’t change according to the new CEO, whose background is mostly in broadcast. “We remain very much committed to the post market going forward.”