Pinnacle Systems Names Mary Dotz Chief Financial Officer
12 Enero 2005 - 8:00AM
PR Newswire (US)
Pinnacle Systems Names Mary Dotz Chief Financial Officer Addition
Strengthens Company's Movement Toward Long-Term Profitable Growth
MOUNTAIN VIEW, Calif., Jan. 12 /PRNewswire-FirstCall/ -- Pinnacle
Systems, Inc. (NASDAQ:PCLE), a leader in digital video solutions,
today named Mary Dotz Senior Vice President and Chief Financial
Officer. Dotz brings over 24 years of financial management
experience to the company and will be instrumental in improving
operational and financial processes to further refine the business
and increase profitability. "The company is making definitive
strides toward achieving its goals and Mary's addition continues
that strong momentum," said Patti Hart, Pinnacle Systems Chairman
and CEO. "Mary's extensive track record of operational and
financial improvements makes her the perfect choice to help build
the infrastructure needed to move the company to the next level."
At Pinnacle, Dotz will be responsible for developing an
organizational and financial structure that will guide the company
as it implements best practices in all areas, specifically supply
chain and cash management, and ensures the strongest financial
controls and reporting. "I am thrilled to join Pinnacle Systems at
such an exciting and important time in the company's progress,"
said Dotz. "I believe the opportunities to further refine and
enhance the business play exceptionally well to my strengths. This
opportunity is not merely business as usual, but a chance for me to
use all of my years of experience and skill to make a real
difference for a company that is poised to lead its industry now
and in the future." Dotz joins Pinnacle Systems from NVIDIA
Corporation, where she most recently served as Vice President
Finance and Corporate Controller. In that position she built and
managed the finance infrastructure supporting the company's growth
from $700 million to $2 billion annually during her tenure. Other
positions she held within NVIDIA were Interim Chief Financial
Officer and Assistant Controller. Prior to NVIDIA, Dotz served as
Division Controller in Corporate Finance for Advanced Micro
Devices. Dotz also served at Nissan North American for 10 years in
a range of financial management roles. Pinnacle will grant Ms. Dotz
a non-qualified stock option to purchase up to 200,000 shares of
its common stock, pursuant to NASDAQ Marketplace Rule
4350(i)(1)(A)(iv). The option will have an exercise price equal to
the closing price of Pinnacle's stock on The Nasdaq Stock Market on
January 17, 2005, will have a ten-year term and will vest over a
period of four years, subject to continued employment with
Pinnacle. About Pinnacle Systems Pinnacle Systems provides
broadcasters and consumers with cutting-edge digital media
creation, storage, and play-back solutions for use at Home, at Work
and on the Air. Pinnacle Systems' award winning digital media
solutions are in use around the world for broadcast, video editing,
DVD and CDR authoring and on the Internet. A recognized industry
leader, the company has received nine prestigious Emmy Awards for
its technical innovations and carries this commitment throughout
all of its product lines. Pinnacle Systems may be reached at
650-526-1600 or at http://www.pinnaclesys.com/. DATASOURCE:
Pinnacle Systems, Inc. CONTACT: Amy Whelan, Corporate
Communications Manager of Pinnacle Systems, +1-650-237-1631 Web
site: http://www.pinnaclesys.com/
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