Acton-Based SeaChange Announces Resignation from Board of Directors
Company has no plans to fill Peter Feld's seat.
Peter Feld, a member of the Board of Directors for Acton-based SeaChange International, one the top 250 software companies in the world and a leading global multi-screen video software innovator, recently announced his resignation.
Feld's resignation brings the number of directors serving on the SeaChange board to six. In a statement, the company said it does not intend to fill the seat.
"Upon joining the SeaChange Board of Directors in December of 2010, my goal was to work collaboratively with my fellow directors to significantly improve financial performance, strategically re-position the Company to focus on the core software business, and to create and enhance value for the benefit of all shareholders," Feld said in a release.
"On behalf of our management team and the entire company, I thank Peter for his valuable service and contributions to SeaChange and its shareholders," said Raghu Rau, CEO of SeaChange. "He has been an integral part of our strategic and financial transformation and has helped to put the company on a path to long-term, profitable growth and value creation."