Snell Advanced Media (SAM) has appointed former Tandberg Television President Eric Cooney as President and Chief Executive Officer.
Cooney, who was CEO of Tandberg Television leading its merger with Ericsson Group in 2007, will replace Tim Thorsteinson. He’s stepping down for personal reasons that are expected to limit his ability to travel. Thorsteinson will continue to be involved in an advisory capacity to the Board as part of a succession plan and remain as a shareholder in the company.
SAM, which recently reported 20 per cent year-on-year growth, is backed by LDC, the private equity arm of Lloyds Banking Group.
“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 centre,” said Cooney. “Having demonstrated the ability to adapt and evolve both organically and through M&A activity, this is an exciting time to be joining the group as we look to explore new ways to further drive market share and profitable growth within the media production industry.”
Headquartered in Newbury, Berkshire, the group employs almost 600 people across offices in Europe, the Americas, the Middle East and Asia Pacific.
