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.