RMG Networks has named Robert Michelson as president and CEO. The appointment is effective immediately. Michelson, a former operating partner at Sterling Partners, has been interim president and CEO of RMG Networks since last July. Headquartered in Dallas, RMG helps companies communicate better using location-based video networks.
DALLAS, TX–(Marketwired – Dec 12, 2014) – RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a leading provider of technology-driven visual communications solutions, today announced that its board of directors has removed the interim designation from Robert Michelson’s title, naming him the Company’s President and Chief Executive Officer, effective immediately.
Mr. Michelson, 58, was named as interim president and CEO on July 24, 2014, bringing more than 35 years of relevant industry experience to RMG Networks. Previously, Mr. Michelson held senior management roles with leading technology and technology services companies including Share Rocket, Goliath Solutions and IXL. As an operating partner at Sterling Partners, he served as lead director helping companies enhance their operational effectiveness and realize their full potential.
Executive Chairman Gregory H. Sachs commented, “The board is encouraged by the progress RMG Networks has made in the four and a half months since Bob joined the Company, and we believe the Company is well positioned for success. Under his leadership, RMG Networks has built on its leadership position, reinvigorated product development efforts and enhanced the sales efficiency. We are encouraged that Bob has committed to the Company for the long haul, and we are excited to move forward to reap the benefits from the initiatives he has put in place.”
“In the short time I have been with RMG Networks, I have come to appreciate the many opportunities in front of us, and I am excited to work with the talented team here to unlock shareholder value,” Mr. Michelson commented. “Together, we will aggressively pursue opportunities for growth and profitability, instilling discipline throughout our sales organization and expanding our position as a technological leader in the industry.”
Robert Michelson Biography
Robert Michelson has over 24 years of senior leadership experience in technology-driven business-to-business companies. Since April 2014, Mr. Michelson was president of Share Rocket, a company that provides social media ratings globally. From January 2009 to December 2012, Mr. Michelson was an operating partner with Sterling Partners, a $5 billion private equity firm, overseeing portfolio companies in the technology services, business services and education sectors. Prior to Sterling Partners, Mr. Michelson was CEO of Goliath Solutions, a technology and marketing services company providing data and data analytics to Fortune 500 companies, and a Division President of IXL, a digital technology solutions and consulting services company. Prior to that, Mr. Michelson held a number of sales, marketing and senior leadership roles with technology and services companies and began his career with IBM as a systems engineer and marketing representative in 1978. Mr. Michelson received a B.S. degree in Marketing and Finance from Indiana University and sits on the boards of several education-focused non-profit companies.
About RMG Networks
RMG Networks (NASDAQ: RMGN) helps brands and organizations communicate more effectively using location-based video networks. The company builds enterprise video networks that empower organizations to visualize critical data to better run their business. The company also connects brands with target audiences using video advertising networks comprised of over 200,000 display screens, reaching over 100 million consumers each month. RMG Networks works with over 70% of the Fortune 100. The company is headquartered in Dallas, Texas, with offices in the United States, United Kingdom, China, Singapore and the UAE. For more information, visit http://www.rmgnetworks.com.
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