Past FCC Chairman Tom Wheeler, Former Viacom Executive Kristin Frank,
and Software Veteran and New Brightcove CEO Jeff Ray Added to the Board
BOSTON--(BUSINESS WIRE)--Apr. 11, 2018--
Brightcove Inc. (Nasdaq: BCOV), the leading provider of cloud services
for video, announced today that it has, effective immediately, added
three new members to its Board of Directors (“Board”): Tom Wheeler,
former Chairman of the FCC and telecommunications entrepreneur; Kristin
Frank, an accomplished operations-focused leader and past executive at
Viacom; and Jeff Ray, Brightcove’s Chief Executive Officer.
“In addition to Jeff Ray joining us as CEO and as a Director, we are
delighted to have two new, highly talented professionals join our
Board," said Gary Haroian, Chairman of Brightcove’s Board of Directors.
“Both Tom and Kristin have significant experience and a host of relevant
skills that will enhance Brightcove’s Board and help shape the company’s
“With his combined experience as Chairman of the FCC and entrepreneurial
history in the private telecommunications sector, Tom is intimately
familiar with the challenges and opportunities that exist within our
markets.” Mr. Haroian continued, “We are also excited to have an
executive with Kristin’s deep operational and strategy experience at one
of the world’s top media companies join our Board. Her experience with
Viacom will be invaluable to Brightcove during a time of evolving
business models and rapid change in the media industry. On behalf of the
entire Board, I look forward to continuing our value-enhancing efforts
alongside our new directors.”
“I am extremely excited to join Brightcove’s Board of Directors,” said
Mr. Wheeler. “I believe there are significant opportunities to create
value, and I am eager to work alongside my fellow Directors to enhance
the Company’s competitive position for long-term success.”
“With a differentiated product portfolio, unrivaled breadth of
functionality, and deep experience implementing solutions for both media
companies and enterprises around the world, Brightcove is well
positioned to take advantage of the evolving changes in the video
market,” said Ms. Frank. “I look forward to helping the company achieve
its full potential as it continues to scale and grow its offerings.”
In conjunction with the three new director appointments, David Orfao,
Managing Partner at General Catalyst and an early investor in
Brightcove, will be stepping down from his position as a Director.
“David has been an invaluable member of the Board since the company’s
earliest days, through the IPO and beyond,” said Mr. Haroian. “We thank
him for his many years of extraordinary contributions and outstanding
With the appointments of Mr. Wheeler, Ms. Frank and Mr. Ray, alongside
Mr. Orfao’s resignation, Brightcove’s Board of Directors now consists of
eight members, six of whom are independent. Mr. Wheeler and Mr. Ray will
be included in the company's slate of nominees for election to the Board
at the 2020 Annual Meeting of Stockholders and Ms. Frank will be
included in the company’s slate of nominees for election to the Board at
the 2019 Annual Meeting of Stockholders.
About Tom Wheeler
has extensive experience in both the public and private
telecommunications sector. He is currently a Visiting Fellow at the
Brookings Institution and is a Shorenstein Fellow for Media and
Democracy at the Harvard Kennedy School. Mr. Wheeler served as the
Chairman of the Federal Communication Commission (FCC) from 2013 to
2017, and immediately prior to this appointment served on President
Obama’s Intelligence Advisory Board.
Prior to his government service, Mr. Wheeler was Managing Director at
Core Capital Partners, a venture capital firm investing in early stage
IP-based companies. Also in the private sector, he is CEO of the Shiloh
Group, a strategy development and private investment company
specializing in telecommunications services. As a testament to the
breadth and scope of his contributions, Mr. Wheeler is the only person
to be selected to both the Cable Television Hall of Fame and the
Wireless Hall of Fame.
Mr. Wheeler received his BA from The Ohio State University, where he was
a recipient of its Alumni Medal.
About Kristin Frank
career spanned 23 years at Viacom. From 2015 to 2017, she served as
Chief Operating Officer of MTV, combining her background as both a
creative and business driver to lead MTV’s revenue growth, operations
and long-term strategic planning initiatives. Previously, from 2013 to
2015, Ms. Frank served as Executive Vice President of Viacom Music and
Entertainment’s Connected Content Division, with general management
responsibilities for MTV, VH1 and LOGO TV. From 2009 to 2012, Ms. Frank
served as General Manager for MTV and VH1 Digital where she was
instrumental to MTV’s growth to 210 million fans on Facebook. From 2005
to 2009 she served as Chief Operating Officer at LOGO TV.
Ms. Frank currently serves on the Board of Gaia, Inc., a global digital
video streaming subscription service and community. She received her BBA
in Finance from the University of Iowa.
Brightcove Inc. (NASDAQ:BCOV) is the
leading global provider of powerful cloud solutions for delivering and
monetizing video across connected devices. The company offers a full
suite of products and services that reduce the cost and complexity
associated with publishing, distributing, measuring and monetizing video
across devices. Brightcove has thousands of customers in over 70
countries that rely on the company's cloud solutions to successfully
publish high-quality video experiences to audiences everywhere. To learn
more, visit www.brightcove.com.
press release may include forward-looking statements regarding
anticipated objectives, growth and/or expected product and service
developments or enhancements. Such forward-looking statements may be
identified by the use of the following words (among others): "believes,"
"expects," "may," "will," "plan," "should" or "anticipates," or
comparable words and their negatives. These forward-looking statements
are not guarantees but are subject to risks and uncertainties that could
cause actual results to differ materially from the expectations
contained in these statements. For a discussion of such risks and
uncertainties, see "Risk Factors" in the Company's filings with the
Securities and Exchange Commission, including its most recent annual
report on Form 10-K. Brightcove assumes no obligation to update any
forward-looking statements contained in this press release in the event
of changing circumstances or otherwise, and such statements are current
only as of the date they are made.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180411006220/en/
Source: Brightcove Inc.
ICR for Brightcove
Neil Lieberman, 617-510-6346