Thorsteinson Back At Grass Valley As CEO

Grass Valley announced Monday that Tim Thorsteinson is the San Francisco-based company’s new CEO and president, effective immediately. Thorsteinson’s previous experience includes the same role with Grass Valley (from 1996 to 2001), president-CEO of Leitch (2003-05) and president of the Broadcast Communications division of Harris Corp. (2005-09).

Most recently he was president-CEO of Enablence Technologies Inc.

“Tim’s in-depth industry knowledge and his proven track record of value creation will ensure Grass Valley’s continued success as an independent leader in the rapidly evolving broadcast infrastructure market,” said David Golob, chairman of the Grass Valley board.

Thorsteinson said Grass Valley is positioned to help lead the broadcast industry into the multi-platform era. “I know first hand of the rich history of technical innovation that our customers around the world have come to expect from Grass Valley and I intend to continue that tradition through our powerful product portfolio and best in class solutions,” he said, in a statement.

It was announced that Alain Andreoli, the company’s former CEO, stepped down and will leave the business at the end of the month.

In August, Jeff Rosica stepped down as Grass Valley’s EVP and chief sales and marketing officer, as part of reorganization of the company’s marketing and sales department.