Studio Daily by Beth Marchant

When Avid Technology CEO Gary Greenfield resigned on February 11, Avid's board appointed Louis Hernandez Jr., one of its own, to the company's top spot. Hernandez, the former Chairman of the Board and CEO of Open Solutions, a technology provider to global financial institutions, turns out to have a surprisingly interesting and varied mix of experiences and interests that dovetail nicely with Avid's technical and creative missions.

1. He's been on the Avid board of directors since 2008, which means he should already know Avid customers well — and also what the company has been through during the difficult past few years of transitions and layoffs.

2. He's an avid photographer.

3. He founded a nonprofit to help underprivileged kids in school and give them leadership training for future careers. read more...

Avid Names Louis Hernandez CEO

Proven growth-oriented technology executive to lead company through
next wave of innovation and growth

Avid® (NASDAQ: AVID) today announced that its Board of Directors appointed Louis Hernandez as president and chief executive officer, effective today. Mr. Hernandez succeeds former president and chief executive officer Gary Greenfield, who will remain on Avid’s Board of Directors. Mr. Hernandez has been a member of the Avid Board since 2008. Most recently, he was also Chairman of the Board and Chief Executive Officer of Open Solutions, Inc., a technology provider to financial institutions worldwide, which was acquired in January 2013 by Fiserv, Inc.

“Louis is a visionary, inspirational leader with a stellar track record of driving the operations and growth of technology companies in a variety of industries,” said George Billings, speaking on behalf of Avid’s Board. “As lead director, he spent years developing a deep familiarity with Avid’s customers, markets, and products that will allow him to quickly make a positive impact as chief executive.”

“It is an exciting opportunity to lead Avid at this very important juncture in the company’s history,” said
Mr. Hernandez. “As the industry leader for more than 25 years, Avid continues to set the standard for non-linear-editing, media management, and collaboration in the audio, video, and broadcast markets. The company is well positioned for growth and global expansion in this fast-moving marketplace. It is exciting to be working with the Avid team, as we drive results and value for our customers, employees, and shareholders.”

Mr. Hernandez added, “On behalf of the Avid community, I want to thank Gary Greenfield for his outstanding leadership and lasting contributions to Avid and our industry.”