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RealNetworks : Names Cary Baker as Chief Financial Officer

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05/04/2017 | 10:28pm CEST

By a News Reporter-Staff News Editor at Computer Weekly News -- - HYPERLINK "http://realnetworks.com/" nRealNetworks, Inc. (NASDAQ: RNWK), announced the appointment of Cary Baker, as its new Chief Financial Officer and Treasurer, effective May 5, 2017. In this role, Baker will oversee all financial operations at RealNetworks and report directly to the company's Chairman and CEO, Rob Glaser. Baker was previously with HEAT Software, Inc. where he served as Chief Financial Officer, and he brings an extensive background in financial management and strategic planning.

"Cary is an outstanding addition to our senior management team," said Rob Glaser, Chairman and CEO of RealNetworks. "Over his career, Cary has demonstrated a strong record of operational success and leadership during periods of transition and growth. Cary's professional experiences and accomplishments are a perfect fit, both for where Real is today and especially for where we are heading."

"I'm excited by the growth potential I see at RealNetworks," said Baker. "Real has a long history of incredible innovation, and I look forward to helping the company achieve its goals in the upcoming months and years."

Baker brings decades of experience in financial leadership with telecom and enterprise technology firms. Prior to HEAT Software, Inc. he served as Chief Financial Officer at NetMotion Software and held senior roles at Clearwire Corporation, Boost Mobile and Sprint Corporation. Baker holds an MBA from the Kelley School of Business at Indiana University and a Bachelor of Science in Finance from the University of Idaho.

Baker succeeds Marjorie Thomas, who is leaving RealNetworks effective May 5, 2017 to take a position at the nonprofit Allen Institute for Brain and Cell Sciences.

"Marj has been a great colleague and a terrific CFO," said Glaser. "We're grateful for her contributions at Real, and wish her every success as she moves to a new chapter in her career."

Keywords for this news article include: Software, RealNetworks Inc..

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Technology Newsletters

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Financials ($)
Sales 2017 124 M
EBIT 2017 -28,3 M
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 1,25x
Capi. / Sales 2018 1,10x
Capitalization 155 M
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Duration : Period :
RealNetworks Inc Technical Analysis Chart | RNWK | US75605L7082 | 4-Traders
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 6,50 $
Spread / Average Target 56%
Consensus details
Robert Glaser Chairman & Chief Executive Officer
Cary Baker Chief Financial Officer & Treasurer
Dominique Trempont Lead Independent Director
Janice M. Roberts Independent Director
Mike B. Slade Director
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