Bergen, Norway, September 1, 2009 Vizrt Ltd. (Oslo Main List, Frankfurt Prime Standard: VIZ)
Vizrt Ltd. today announces that on the GM held August 27, 2009, two new members were appointed to the Company's Board of Directors. The new members are Mr. Anders Lidbeck and Mr. Frode Strand-Nielsen. Mr. Svein Ove Strommen, Mr. John Ranelagh and Mr. Tore Sviland were re-elected to continue to serve on the Board of Directors for the coming year. The external Directors, Mrs. Dalia Rabin and Mr. Bjorn Olafsson continue to serve on the Board of Directors and were not up for election as the nomination of external directors is for a three year period.
Mr. Anders Lidbeck was the President and Chief Executive Officer at Telelogic AB 1998 until 2008, when the company was acquired by IBM. He has a background with Nokia Data and ICL, where, among other positions, he was the Managing Director for ICL Direct Benelux and Vice President of Sales and Marketing at ICL Industry Systems Europe. During his period as the Chief Executive Officer of Telelogic, Mr. Lidbeck took the company public and increased the company's revenues 10 fold. Mr. Lidbeck is the Chairman of the Board for both ENEA and Creandum. He holds a Bachelor's Degree in Business Administration from Lunds University.
Mr. Frode Strand-Nielsen founded FSN Capital in 1999, where he is Managing Partner. FSN is a major Vizrt shareholder. Mr Strand-Nielsen has entrepreneurial, strategy and M&A experience with Arkwright and Bain & Co. Prior to founding FSN Capital in 1999, Mr Strand-Nielsen was a founding Director and the Chairman of the Executive Committee of Arkwright, a corporate advisory firm specialising in strategy consulting and M&A work. Prior to his time at Arkwright, Mr Strand-Nielsen was a Manager with Bain & Co, London. He is the Chairman of Aura Light Group and VIA Travel Group, and a Director of Norlandia Omsorg. Mr Strand-Nielsen holds a B.A. from Simon Fraser University, Vancouver, BC and an MBA from Harvard Business School.
Vizrt creates leading-edge content production tools for the digital media industry - from award-winning 3D graphics & maps through integrated video workflow solutions and online publishing tools.
We propose a new vision for content creation, management and delivery with an end-to-end solution from conception to multi-format distribution. Through constant innovation and a good measure of fun, we create software and services that push creative boundaries and develop new ways of telling stories.
Vizrt's product suite is used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, NHK, The Globe and Mail, The Telegraph, and Welt Online. Furthermore, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
Vizrt is a public company traded on the Oslo Main List and on the Frankfurt Prime Standard: VIZ, ISIN: IL0010838154.