Pinnacle Systems appoints new Chairman & CEO

Pinnacle Systems has announced that, effective immediately, Patti S. Hart has joined the company as its Chairman and CEO.
Hart is replacing Chuck Vaughan, who had served as interim president and CEO since November 2003. Hart has also been elected to the board of directors filling an open position. Vaughan will continue to serve on the board, a position he has held since the founding of the company.
"The board of directors and I are pleased that we have been able to bring a strong and seasoned leader such as Patti to Pinnacle," commented Vaughan. "I have been associated with the company since its inception and I am convinced she has exactly the right qualities to lead Pinnacle. In my short tenure as president & CEO, I have come to a better appreciation of the strengths of our company and the outstanding opportunities that lie ahead for us. With Patti at the helm, I am confident Pinnacle will have an outstanding future."
Hart added: "I am excited by the prospects of Pinnacle Systems. Pinnacle is recognised for innovation and occupies important leadership positions in large and growing global markets. Pinnacle has a tremendous asset in its strong team of people around the world dedicated to meeting the unique needs of their customers. While Pinnacle has a history of distinguished achievements, I am certain that sharpening our focus on process and execution will result in continued improvement for our customers and shareholders. I look forward to the challenges that lie ahead at Pinnacle as we work together as a team to profitably capitalise on our opportunities and delight our customers by exceeding their expectations."
(GB)