DTS, Inc. announced changes to its Board of Directors.
According to the statement, Dan Slusser and Joe Fischer will retire from the Board of Directors and not seek reelection following the expiration of their current terms in June 2010. Mr. Slusser has served on the DTS board since 1997and will step down from his role as Chairman, effective immediately, but will remain on the board through the end of his term. Mr. Fischer has served on the board since 2003 and will remain Chairman of the Audit committee through the end of his term.
“We are deeply grateful to Dan and Joe for their extended service, wisdom, insight and commitment to helping us build DTS into a strong and well-positioned consumer IP licensing business,” commented Jon Kirchner, President and CEO of DTS, Inc. “We look forward to building on their legacy and we wish them well in their retirement.”
DTS further announced that Jon Kirchner, current president and CEO, has been appointed Chairman, effective immediately, and that Joerg Agin, a long time Director, has been appointed Lead Independent Director.
In addition, Brad Duea will join the Board effective March 1, 2010. Brad is a highly seasoned executive, having served most recently as President of Napster. He has also served as VP Worldwide Business Development for Roxio, Inc and VP of Business Development for PeopleSupport, a global business process outsourcing company. Brad brings substantial industry experience, both domestically and internationally, in the mobile, software and online media markets to the Board of Directors of DTS.
“I’d like to welcome Brad to our Board. He brings a wealth of industry knowledge and perspective, and will be a particularly helpful resource as we continue to execute on our strategic efforts to expand our business into new and emerging markets,” concluded Kirchner.
For more information visit: www.dts.com