By Elina Shatkin, November 21, 2003
Leitch Technology Corporation announced that it had completed its CEO search process and has appointed Timothy E. "Tim" Thorsteinson as President and CEO. Thorsteinson will begin in the role effective November 24, 2003.
Thorsteinson joined Leitch after leaving his position at Thomson Broadcast and Media Solutions where he led the Broadcast product line. Formerly the president of the Video and Networking Division of Tektronix, Inc., he also ran the subsidiary company within that Division known as Grass Valley Group (GVG). During his tenure at Tektronix, he executed the sale of the GVG business to a private investor group.
At that transition, Thorsteinson departed Tektronix to lead the Grass Valley Group company as its CEO and COO until its acquisition by Thomson
. In that position he led the team that returned Grass Valley Group to profitability through focused cost reductions and gross margin improvements across the entire product line and increased share in the video server business. Grass Valley also regained the number one position in production switchers and gained significant share in the router, modular and news product areas. At Thomson he led the integration of the Broadcast products of Thomson, Grass Valley, and Phillips and consolidated widely dispersed R&D efforts.
Thorsteinson will be based in Toronto where he and his family will be relocating. The Board also plans on welcoming Thorsteinson to the
Board of Directors when a vacancy occurs or at the Next Annual General
Meeting.
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