Avid Technology, Inc. announced that its Board of Directors has unanimously elected John P. Wallace as Chair, effective immediately. This election is the result of Peter M. Westley's decision to vacate the chair position after he was appointed Chief Financial Officer of CuriosityStream Inc. Mr. Westley will continue his Avid board service as a Director. This election elevates Mr. Wallace from his current Director seat, to which he was appointed in 2017.

He is a media and entertainment industry veteran with more than 30 years of experience, having served as President and CEO of Deluxe Entertainment Services Group and, previously, with NBCUniversal as President of Operations and Technical Services and also as President of the network's Owned Television Stations Division. Since retiring in 2019, Mr. Wallace has remained active in the industry and the serves on the board of Linius Technologies, an early-stage technology company focused on video virtualization.