EVS Broadcast Equipment
Brussels : EVS

September 29, 2011 12:20 ET

Pierre L'Hoest leaves EVS

OUGReE, BELGIUM--(Marketwire - Sep 29, 2011) -

Liège (Belgium), September 29, 2011 - EVS Broadcast Equipment S.A. (Euronext Brussels: EVS.BR, Bloomberg: EVS BB, Reuters: EVSB.BR) (PINKSHEETS: EVBEF), the leader in Professional Digital Video applications for live, near-live and studio TV production, today announced the departure of Pierre L'Hoest, Managing Director and CEO. Following his departure, the Board of Directors has modified the composition of the Executive Committee, now composed of Michel Counson, Jacques Galloy and Luc Doneux. Under the leadership of Pierre Rion President of the Board, the Executive Committee will manage the technical, commercial, operational, corporate and financial functions of EVS, pending the announcement of a new management structure in early 2012.

On Thursday, September 29, 2011, the Board of Directors has taken note of the end of the mandates and functions of Pierre L'Hoest (and of his company Belinvest S.A.), including that of Managing Director of the company he founded with Laurent Minguet and Michel Counson, a position he held since 1994.

EVS has experienced a rapid growth and significant success in new market segments, which has doubled the workforce in the last 3 years, both at the headquarters in Liege and abroad. It is this impressive growth and prospects for the coming years that required a new system of governance. Since 2009, Pierre L'Hoest, the Board of Directors, and management of EVS have initiated a significant project to adapt the structure of EVS to allow the company to have all the advantages it needs for this new phase of growth. The establishment of the new team is a step in this process.

"The entire Board of Directors wishes to thank Pierre L'Hoest for the passion he has brought throughout his engagement with EVS, since its inception", said Pierre Rion, President of the Board of Directors of EVS. "His vision for the products and on-going concern for ergonomic applications have strongly driven the success of EVS. The newly implemented Executive Committee, which includes the presence of Michel Counson and managers who have proven themselves, allow us to envisage the succession of Pierre L'Hoest with confidence. I will personally undertake the link between the Executive Committee and the Board of Directors."

Michel Counson, Managing Director and Co-founder of EVS, assumes the function of Chief Technical Officer (CTO). Jacques Galloy assumes the roles of Director and Chief Financial Officer (CFO). Luc Doneux assumes the role of Head of EMEA, APAC & Major Events.

About EVS Group EVS Broadcast Equipment designs, develops and markets professional digital equipment for Television. The company employs over 388 persons in 16 countries and sells its products to professionals of the video and audio sectors in more than 100 countries. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, refer towww.evs- global.com or www.evs.tv EVS Broadcast is the world leader for Live TV Production Digital Disk Recorders and Related Software Applications, especially in the field of sports. The company's dedicated hardware and software suite offer a complete production platform: live slow motion (LSM), high speed slow motion, replay only, clips generation, quick clips editing, real-time SD/HD video files transfer, time delay, multi-camera recording, metadata association, graphics storage and play- out, digital transmission, multi-format ingest and play-back, audio record & edit, webcasting, mobile phone clipping. Main software applications like the "IP Director®" are running on the dedicated robust and flexible hardware the "XT[2]® Platform". The world's leading broadcasters, such as NBC, BSkyB, FOX, RTBF, RTL, NHK, CANAL+, ABC, ESPN, TF1, CCTV, PBS, CBS, BBC, ZDF, Channel One, Channel7, RAI, TVE, NEP, MEDIAPRO, EUROMEDIA, BEXEL, ALFACAM and many others use EVS' solutions. XDC, of which EVS owns 41.3%, is the European leader for Digital Cinema technology and services in Europe with more than 3,800 committed digital screens in 11 European countries (Germany, Switzerland, Spain, Austria, Portugal, Belgium, The Netherlands, Hungary, Czech Republic, Slovakia and Poland) out of which 2,000 have already been deployed.

Press release in pdf format: http://hugin.info/133958/R/1550976/477610.pdf

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Source: EVS Broadcast Equipment via Thomson Reuters ONE


Contact Information

  • For more information, please contact:
    Geoffroy d'OULTREMONT
    Investor Relations & Corporate Communications Manager
    EVS Broadcast Equipment S.A., Liege Science Park, 16 rue du Bois Saint-
    Jean, B-4102
    Ougree (Liege), Belgium
    Tel: +32 4 361 70 14
    E-mail: Email Contact