NDS Group has tapped Sonic Solutions chief Dave Habiger as its next CEO, replacing former chairman and CEO Abe Peled, who after 16 years leading the company will assume the role of executive chairman.
Habiger, 42, most recently was CEO of Sonic Solutions, which was acquired this year by Rovi in a $720 million deal. NDS sells middleware, DVR, conditional access and digital rights management technologies to TV operators worldwide.
Peled said in a statement: "After 16 rewarding years at the helm of NDS, the time has come to start the transition to the leadership that will take NDS forward over the next decade and beyond."
Habinger "brings to NDS experience as a CEO, and a passion and record of accomplishment in the areas of new media and Web delivery that will be increasingly important to NDS and its customers over the next decade," Peled continued.
As full-time executive chairman, Peled, 65, will focus on providing strategic, operational and customer relationship continuity.
Habinger began his career in media as a founder of Providence Productions. In 1992 he began working with the founding members of Sonic, eventually becoming CEO in 2005.
"The industry will be going through significant changes over the next few years as it embraces over-the-top broadband delivery to expand customer choice and convenience," Habiger said in a prepared statement. "I am convinced that NDS is uniquely positioned to offer the technologies and solutions that make content easily accessible to consumers and valuable to service providers."
London-based NDS is a private company owned by the Permira Funds and News Corporation. The company has more than 5,000 employees worldwide.
In the U.S., NDS's major customers include Comcast, DirecTV, Cox Communications and Cablevision Systems.