Roxio Announces Board of Directors
The Premier Digital Media Company
Milpitas, Calif., April 30, 2001 - Roxio, Inc., the Digital Media Company announced today that it has appointed three new members to its board of directors. Roxio announced on April 12, 2001 the confirmation of its impending spin-off from Adaptec which will be completed on May 11.
Rick Boyko, Co-President and Chief Creative Officer of Ogilvy & Mather, Joe Kaczorowski, Chief Financial Officer of HOB Entertainment, Inc., and Rob Rodin, Chairman and CEO of eConnections were appointed and will join Bob Stephens, President and CEO of Adaptec, Inc. and Chris Gorog, Roxio's President and CEO to comprise the board of directors of Roxio.
"I am extremely pleased with the composition of our board and the extensive experience of our directors. Their collective knowledge of the technology and media sectors will serve as a strong foundation for Roxio's governance and development of future opportunities," said Chris Gorog, President and Chief Executive Officer at Roxio, Inc. "The board's background is a reflection of the company's focus on the convergence of media and technology. They will serve as a valuable sounding board in this fast-moving marketplace and I look forward to working with them on the expansion and development of Roxio.
As President and CEO of Roxio, Chris Gorog brings extensive knowledge of the entertainment industry. Prior to joining Roxio in September 2000, Gorog served as President of New Business Development for Universal Studios Recreation Group and as Executive Vice President of Group Operations. Before joining Universal, he served as President and Chief Executive Officer of the worldwide motion picture and television production company ITC Entertainment Group and earlier as Vice President of Business Affairs for the Walt Disney Company. Most recently, he participated in the acquisition of Universal Studios' concert division by House of Blues Entertainment. Mr. Gorog is a director of the HOB Entertainment, Inc., which features the largest live concert Internet site on the web.
Bob Stephens is President and CEO of Adaptec, Inc., the industry's leading performance storage company generating annual sales in excess of $800 million and an S&P 500 member. Mr. Stephens joined Adaptec as Chief Operating Officer in November 1995, became President in October 1998, and CEO in April 1999. Before coming to Adaptec, he was the Founder and Chief Executive Officer of Power I/O, which was acquired by Adaptec in 1995.
Rick Boyko is Co-President, Chief Creative Officer of Ogilvy & Mather, one of the largest and most acclaimed advertising agencies in the world. Mr. Boyko joined Ogilvy & Mather at their New York headquarters in 1990 after working for Chiat Day in Los Angeles for seven years in senior creative positions. Mr. Boyko began his career in Chicago at Leo Burnett and BBDO after serving four years in the Air Force and graduating from Art Center College of Design.
Joe Kaczorowski is Chief Financial Officer of HOB Entertainment, Inc. a leading North American concert producer that owns the House of Blues concert clubs and the concert promotion business formerly known as Universal Concerts. HOB is also the owner of HOB.com. Mr. Kaczorowski joined HOB Entertainment, Inc. in 1996. From 1981 through June 1996, he was employed with the Cannell Studios in its international television production and distribution studio, and from 1989 served as its Senior Vice President and Chief Financial Officer.
Rob Rodin is the founder, Chairman, and CEO of eConnections, a global real time supply chain management company for the electronics industry. eConnections' technology infrastructure has been twice named the best B2B website in the world. Prior to founding eConnections, Mr. Rodin served as CEO of Marshall Industries, a NYSE listed technology company prior to its acquisition by Avnet in 1999. Mr. Rodin is also the author of the book FREE, PERFECT and NOW: Connecting to the Three Insatiable Demands, (Simon and Schuster 1999).
Adaptec (NASDAQ: ADPT ), is the global leader in innovative storage solutions. Adaptec's hardware and software solutions for business and Internet applications move, manage, and protect critical data and digital content. Adaptec's storage solutions are found in high-performance networks, servers, workstations and desktops from the world's leading manufacturers, and are sold through distribution channels to ISPs, enterprises, medium and small businesses and consumers. Adaptec is an S&P 500 and a NASDAQ 100 member. More information is available www.adaptec.com.
Roxio, a division of Sonic Solutions, develops and markets the best-selling digital media software in the world. Roxio offers award-winning software products for CD/DVD burning, photo editing and video editing and has an installed base of over 150 million
users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, through leading
retailers, through Internet partnerships and through direct sales at www.roxio.com. Roxio's
parent company, Sonic Solutions (NASDAQ: SNIC;
http://www.sonic.com) is the leader in digital media software and provides a broad range of software
tools and applications for creative professionals, business and home users and technology partners. Sonic's products range from professional
DVD authoring systems and interactive content delivery technologies that are used to produce the majority of Hollywood movies released on DVD,
to the award-winning Roxio- and Sonic-branded CD and DVD creation, playback and backup applications that have become the premiere solutions
for consumers and business users worldwide. Sonic's AuthorScript® is the de facto standard for CD and DVD burning and formatting and has
been licensed by major software and hardware manufacturers, including Adobe, Broadcom, Microsoft, Scientific-Atlanta, Sony, and many others.
Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, Roxio, MyDVD, CineMagic, Plug & Burn, LiveShare, Roxio Easy Media Creator, and
AuthorScript are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other
countries. Dolby is a trademark of Dolby Laboratories. All other company or product names are trademarks of their respective
owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject
to change without notice.