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.”