Krall Resigns as Avid CEO
David Krall stepped down as CEO of Avid Technology at the end of July. Said Krall in a statement released on July 16, "The time is right for new leadership at the helm."
In his seven-year tenure as CEO, Krall played a crucial role in transforming the company’s products, through several high-profile acquisitions and engineering R&D, into a more diverse set of editing, animating, storage, networking and streaming tools for the post, broadcast, audio and 3D VFX markets. As a result, Avid grew from a $476 million company into a $910+ million company.
Krall was previously vice president of engineering and then COO of Digidesign, which became an Avid audio division after the company acquired it in 1995. He also served as president and COO of Avid. Board member Nancy Hawthorne, a former Cablevision CEO, will serve as interim chief executive until she and the board appoint a full-time replacement. Krall will assist the board in a consulting capacity during the search.