Avid Announces Changes to the Board

January 8, 2016, 07:08 AM


(Burlington, Massachusetts--January 7, 2016) Avid® (Nasdaq:AVID) (“Avid” or the “Company”), a leading provider of digital media technologies for media organizations and independent professionals, today announced the election of a new independent director, Peter Westley, Partner at Blum Capital Partners, L.P., to the Company's Board of Directors. The election of Mr. Westley resulted from a thorough process by the Company’s Nominating and Governance Committee in which the Committee sought input from several of its largest holders. Blum Capital Partners owns approximately 16.7% of the Company’s stock.1

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