SeaChange CFO Resigns

1/13/2012 3:33 PM Eastern

SeaChange International announced Friday that Kevin Bisson has resigned as chief financial officer to accept a position at another publicly traded company.

The video-on-demand and advanced-advertising vendor said it expects to announce the appointment of a new CFO next week.

Bisson's departure, which is effective Jan. 13, comes less than two months after SeaChange founder, chairman and CEO Bill Styslinger stepped down. Board member Raghu Rau, a strategic advisor specializing in global marketing, business strategy and venture capital for high-technology companies, assumed the role of interim CEO.

Bisson, since joining SeaChange in March 2006, had served as CFO, treasurer, secretary and senior vice president of finance and administration.

"We sincerely thank Kevin for his years of dedication to SeaChange and his contributions towards ensuring the company's continued financial strength and strong balance sheet. We wish him well in his future endeavors," Rau said in a statement.


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