SeaChange names new CEO after delisting shares from NASDAQ
Photo | Courtesy of SeaChange
SeaChange International President & CEO Chris Klimmer
Boston-based streaming technology company SeaChange International, which was formerly based in Acton, added CEO to President Chris Klimmer’s title, approximately a month after the company delisted its shares on the NASDAQ.
Klimmer replaces Peter Aquino in the CEO position. Aquino was named executive chairman of the board, according to a Wednesday press release from the SeaChange.
“When I look at SeaChange today both as its leader and an investor, I see a healthy, stabilized company that truly stands out amongst the B2B video tech vendors in our space,” Klimmer said in the press release. “Our loyal customer base, our excellent team, and our unique IP, especially in the ad tech space, are the foundation for us to now take the next step in our mission to maximize the revenue opportunities for all of our customers that we service across the different video distribution and monetization models that we see today and that we will see tomorrow in this rapidly evolving and competitive video landscape.”
Klimmer joined the company as chief revenue officer in 2019 when Danish streaming tech firm Xstream, of which Klimmer was the head of the sales department, was acquired by SeaChange.
SeaChange announced in August it would delist its shares from the NASDAQ stock exchange in an effort to save money on costs related to accounting and reporting associated with being a publicly traded company.
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