×
You will be redirected back to your article in seconds

Avid, Pro Tools’ Parent Company, Terminates CEO for Improper Workplace Conduct

Avid Technology announced Monday that the company’s board of directors terminated CEO Louis Hernandez, Jr. due to “violations of company policies related to workplace conduct.” He has been replaced by former SVP Jeff Rosica as CEO, effective immediately; Hernandez also resigned from his position on the Avid Board of Directors and Nancy Hawthorne has been elected chairman of the board.

Avid’s products include the popular music-production program Pro Tools.

A company press release reads: “With the assistance of independent external legal counsel, a Special Committee comprising independent members of the Board of Directors conducted a thorough investigation into allegations of improper non-financially related workplace conduct by Mr. Hernandez. After reviewing the findings of the Special Committee’s investigation, the Board of Directors unanimously concluded that the findings warranted immediate termination of Mr. Hernandez’s employment.”

“The board is committed to the company’s core values and to upholding an environment of the utmost respect and integrity,” Hawthorne said in a statement. “We remain confident in the strategy and the long-term business plan of the company.”

Regarding Rosica’s appointment, Hawthorne said, “Jeff’s deep experience as an industry expert coupled with his impressive knowledge of Avid’s business and strategy make him the natural choice to lead the Company.”

Rosica said, “I am honored and excited for this opportunity to lead Avid through this important moment in the Company’s history. The outlook for Avid is strong, and I look forward to working with the leadership team, the Board and our incredibly talented employees as we execute on our strategic priorities and continue our journey to be a best-in-class company and leader in our industry.”

 

More Music

  • The Top 10 Portrayals of Record

    The Dirt on Rock's Great Enablers: 10 Memorable Screen Portrayals of Record Execs

    In the Netflix biopic “The Dirt,” Pete Davidson of “Saturday Night Live” fame portrays A&R exec Tom Zutaut, the man who signed Motley Crue to Elektra and Guns N’ Roses to Geffen, while veteran character actor David Costabile (“The Wire,” “Billions”) is manager Doc McGhee. They follow in a long and illustrious line of label [...]

  • MTV EMAs to Be Held in

    MTV EMAs to Be Held in Seville, Spain

    The MTV EMAs are returning to Spain, heading for the city of Seville after last year’s edition in Bilbao, MTV announced Monday. The 26th annual MTV Europe Music Awards, which will feature acts and music from around the world, is to take place Nov. 3. “We are thrilled to land in Seville for the 2019 [...]

  • R. Kelly

    Dubai Government Says No R. Kelly Concerts Planned in United Arab Emirates

    The government of Dubai has denied that any R. Kelly concerts are planned in the United Arab Emirates after Kelly’s attorney asked a Chicago judge last week to delay a ruling on the R&B singer’s request to travel to Dubai to perform. Local newspaper “The National,” which has government ties, carried a story Monday quoting [...]

  • Singer Scott Walker Dead at 76

    Singer Scott Walker Dies at 76

    Scott Walker, the American singer who attained massive success as a pop star in England before veering off into avante-garde music, has died, according to his label, 4AD. He was 76; no cause or date of death was immediately announced. “It is with great sadness that we announce the death of Scott Walker,” a post [...]

  • Noah CentineoNickelodeon Kids' Choice Awards, Show,

    Kids’ Choice Awards 2019: JoJo Siwa, Noah Centineo Take on Bullying

    This year’s Nickelodeon Kids’ Choice Awards was full of positivity and encouragement to be yourself. DJ Khaled, known for his upbeat mantras, hosted the 32nd annual awards ceremony alongside JoJo Siwa at USC’s Galen center. Siwa accepted the award for favorite social music star. Siwa said in her acceptance speech, “I get hated on every [...]

More From Our Brands

Access exclusive content