Avid's VP of worldwide field operations resigns.TEWKSBURY, Mass.--(BUSINESS WIRE)--Jan. 17, 1995--Avid Technology Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AVID), announced today that Paul R. Basson, vice president of worldwide field operations, has resigned from the company for family health reasons. Basson, who had been with Avid since 1990, will return to his home in Europe after serving his last day with the company on Feb. 10. Basson will continue to act as a consultant to Avid for a six-month period. "Paul Basson was a charter member of Avid's European team, and was instrumental in building Avid's European sales from zero in 1990 to more than $40 million in the first three quarters of 1994," said Avid's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Curt A. Rawley. "Paul is Paul I, 1754–1801, czar of Russia (1796–1801), son and successor of Catherine II. His mother disliked him intensely and sought on several occasions to change the succession to his disadvantage. one of the finest sales executives with whom I have had the privilege to work. While I am sorry to see him leaving Avid, I am pleased that he has agreed to act in a consultancy role for the next six months, and wish all the best for his family." -0- Avid Technology "Avid" redirects here. For the "Advancement Via Individual Determination" educational program, see AVID. Avid Technology, Inc NASDAQ: AVID is an American company specializing in video and audio production technology; specifically, digital non-linear media editing (NLE) Inc., headquartered in Tewksbury, Mass., is an international developer and supplier of comprehensive solutions for capturing, creating, editing, and distributing digital media. Ranked number nine by Fortune magazine and number five by Inc. magazine on their lists of America's 100 fastest-growing companies for 1994, Avid is a pioneering developer of nonlinear A system in which the output is not a uniform relationship to the input. nonlinear - (Scientific computation) A property of a system whose output is not proportional to its input. film, video and audio editing Audio editing is the process of taking recorded sound and changing it directly on the recording medium (analog) or in RAM (digital). Audio editing was a new technology that developed in the middle part of the 20th century with the advent of magnetic tape recording. software and hardware and networking technologies for applications ranging from desktop video and post production to broadcast news. Avid's products are sold through direct sales offices and a network of distributors and resellers around the world. Avid is a registered trademark. CONTACT: Avid Technology Inc. Ned Hazen, 508/640-3211 or Joan Lockhart, 508/640-3345 |
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