Snell Advanced Media (SAM) has appointed former Tandberg Television president Eric Cooney as its chief executive, replacing Tim Thorsteinson who has stepped down for personal reasons.
Cooney was chief executive of Tandberg when it was sold to Ericsson in 2007. On leaving Tandberg he took up the same position at IT services provider Internap Corp.
He was most recently chief executive of Tiptana, a company he founded in 2015 to provide angel/seed and early-stage venture capital for entrepreneurs and technology firms.
In his new role as chief executive of SAM, Cooney will be tasked with “driving the growth and development of the group across its core markets and building on sales growth.”
Cooney said: “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.”
Thorsteinson is standing down as chief executive after two years in role for personal reasons which, in the near to medium term, will limit his ability to travel.
He will continue to be involved in an advisory capacity to the Board as part of a succession plan. He will also remain as a shareholder in SAM.
Kevan Leggett, chairman of SAM, said “Tim has done a fantastic job in first, stabilising the business and then creating and executing a strategy based on significant investment in new product development aligned to enhancing the sales team which has resulted in SAM’s sales growth significantly outperforming the overall market.”
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