Dolby Laboratories, Inc., announced today that Bill Jasper, the company’s President and Chief Executive Officer, will retire on March 27, the last day of the company’s second fiscal quarter, from his executive posts after 30 years as a senior executive with Dolby. Jasper will continue to serve on Dolby’s Board of Directors. Company Chief Financial Officer, Kevin Yeaman, will succeed Jasper as the new President and CEO and will join the Board of Directors effective upon assuming the CEO role.
“Bill Jasper led Dolby Laboratories through its evolution from the small company that I started to the international organization it is today,” said Ray Dolby, founder. “The company has thrived under his leadership. I thank him for his resourceful and dependable service to our organization and wish him the best as he moves on to the next phase of his life.”
Jasper joined Dolby in 1979 as Chief Financial Officer and was named company President in 1983. Over the years, he has led the company through many of its technology transformations, including analog to digital, music to film, cassettes to DVDs, and audio-only to audio and video. Today, Dolby technologies enhance consumers’ enjoyment of digital entertainment in more ways than ever before.
For more information, visit www.dolby.com.
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Posted by: Audio Production Software | February 26, 2009 at 10:25 PM
Wow, an end of an era for Dolby. I'm not surprised that their stock went down. Jasper accomplished a lot while he was with the company. Hopefully, he gets to take a bit of time off and can enjoy retirement.
Posted by: Davis Freeberg | February 25, 2009 at 09:42 PM