Daniel Wright Named President of Scitex Digital Video.HERZLIA, Israel--(BUSINESS WIRE)--Sept. 22, 1997--Scitex Corp. Ltd. (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 :SCIXF) today announced the appointment of Daniel G. Wright as 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. of Scitex Digital Video Inc. (SDV (Switched Digital Video) See switched video. ), a wholly owned Scitex subsidiary headquartered in Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. SDV develops and markets a comprehensive line of digital video and multimedia products. Wright has more than 20 years experience in the digital video industry. Previously he served as President of Telex Corp.'s Audio Division and earlier as President and CEO of Abekas Video Systems, prior to its acquisition by Scitex in September 1995. Wright was also one of the founders of ImMIX im·mix tr.v. im·mixed, im·mix·ing, im·mix·es To commingle; blend. [Back-formation from Middle English immixte, past participle of immixten, to intermingle with , which was acquired by Scitex in 1994 and was subsequently merged with Abekas to form SDV. At SDV, he rejoins two other founders of ImMIX - Richard A. Jackson, vice president of technology and Donald K. McCauley, CFO See Chief Financial Officer. and vice president of finance and administration. In making the announcement, Yoav Z. Chelouche, president and CEO of Scitex, said, "In addition to his extensive knowledge of the video and broadcast industry, Dan Wright's outstanding management and motivational skills will benefit the customers and employees of Scitex Digital Video as we continue to build this business." Wright replaces Randolph J. Hood, who is resigning to pursue other interests. "We wish Randy the very best in his future endeavors. He contributed significantly to the formation of Scitex Digital Video from two separate organizations and to the extensive product line that is known throughout the industry for quality, ingenuity and performance," Chelouche added. Scitex Corp. Ltd. is a world leader in the development, manufacturing and marketing of visual information communication products for the graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. , digital printing and digital video markets. The company's Graphic Arts Group specializes in digital cameras and scanners, color workstations for page assembly and retouching, client-server systems, professional inkjet color printers, imagesetters and platesetters and on-demand short-run color printing systems. The Scitex Digital Printing division is dedicated to very high-speed, inkjet printers for variable long-run printing that allow document personalization for invoicing, business forms and mail order applications. The Scitex Digital Video division focuses on video post-production and on-line systems for non-linear editing and creation of special effects. For more information visit the company's internet website at http://www.scitex.com . -0- Scitex, the Scitex logo, Abekas and ImMIX are trademarks of Scitex Corp. Ltd. and/or its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. and are registered in certain jurisdictions. CONTACT: Scitex America Bob Nagle, 617/280-7242 |
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