MUMBAI: SeaChange International, the leading global multi-screen video software company, has appointed Raghu Rau as permanent chief executive officer of SeaChange effective 1 May.
First appointed interim CEO of SeaChange in November 2011, Rau has led an aggressive strategy to focus the company on its core software business, delivering innovative software solutions for video service providers globally in cable, IPTV, and mobile while significantly reducing the overall cost structure of the company. Rau will also retain his seat on the company’s board of directors.
“Raghu’s leadership and excellent grasp of our business was apparent from the moment he assumed responsibility for the day-to-day operation of the Company. In a matter of just a few months, he has dramatically improved SeaChange’s overall operations and its ability to serve global markets, to the immediate benefit of our customers as well as our shareholders and employees,” said SeaChange chairman of the board Thomas Olson.
“Raghu accurately assessed our organization, and then moved decisively, initiating actions to ensure SeaChange’s continued leadership in the personalized multi-screen video market, such as shedding non-core businesses and realigning our workforce to enable more coordination and collaboration. The Board, having retained the services of CTPartners to assist, conducted an extensive CEO search over several months including both internal and external candidates. We were fortunate to have many very talented individuals interested in being considered for the SeaChange CEO position. However, given Raghu’s impressive background, together with the confidence he has inspired both inside the Company and with customers and investors, the Board decided he is the best choice for the permanent assignment. The positive momentum that has been visible since Raghu took the helm will now continue without pause or interruption,” Olson added.
Raghu Rau joined the SeaChange board in July 2010. He has previously held a number of senior leadership positions at Motorola, Inc. and served on the board of directors of Microtune, Inc, which was then acquired by Zoran Corporation. He currently serves on the board of Aviat Networks, a leader in wireless transmission systems.
