Snell Advanced Media (SAM), a global provider of integrated media production solutions, has appointed former Tandberg Television President Eric Cooney as President and Chief Executive Officer.
Eric Cooney has created over $2bn of additional enterprise value in his two previous CEO roles. He was CEO of Tandberg Television, leading its merger with Ericsson Group in 2007 and subsequently resigned to accept the CEO role at NASDAQ-listed IT services provider Internap Corp. During his tenure at both businesses he delivered significant increases in value after transforming the strategy, investing in new products, sales and world-class customer support.
In his role as CEO of SAM, he will continue to drive the growth and development of the group across its core markets and build upon the significant sales growth the business has achieved in the last two years as a result of significant investment in new products.
Headquartered in Newbury, Berkshire, the group employs almost 600 people across offices in Europe, the Americas, the Middle East and Asia Pacific.
The group, which recently reported 20 per cent year-on-year growth, is backed by LDC, the private equity arm of Lloyds Banking Group.
The appointment will see Tim Thorsteinson step down as CEO after two years in role for personal reasons which, in the near to medium term, limit his ability to travel. Mr Thorsteinson led the turnaround of SAM based on a clear new product development strategy combined with strengthening the presence of the sales teams in core markets. He successfully led the rebranding of the group as Snell Advanced Media (SAM). 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.
SAM delivers a range of technology-led products and solutions across the media production ecosystem, including live production, news and sports editing, playout and delivery, modular infrastructure and image processing, working with the world's leading broadcasters and content producers.