January 24, 2006
SAN FRANCISCO, Jan 24, 2006 (BUSINESS WIRE) -- Dolby Laboratories (NYSE:DLB) announced today that Ramzi Haidamus has been appointed Senior Vice President and General Manager of Dolby Laboratories Licensing Corporation, a wholly-owned subsidiary of Dolby Laboratories, Inc. (NYSE:DLB). In his new position, Haidamus will also serve as Vice President and General Manager, Consumer Division, of Dolby Laboratories. Both appointments will be effective February 6, 2006. As the most senior executive of the Consumer Division, Haidamus will be responsible for strategic direction of the development, marketing, and licensing of Dolby® technologies that are used in a wide range of consumer electronics products, including DVD players, home theater systems, television sets, set-top boxes, video game consoles, portable audio and video players, personal computers, and in-car entertainment systems. Previously, Haidamus headed Via Licensing Corporation, a wholly-owned subsidiary of Dolby Laboratories.
"Ramzi's energy, experience with licensing, and broad industry knowledge will be valuable assets in providing strong leadership for Dolby's Consumer Division," said Bill Jasper, President and CEO, Dolby Laboratories. "Since Via Licensing's inception three years ago, Ramzi has transformed the business from a start-up with three employees to a profitable, world-class patent licensing organization. We are pleased that he will now be applying his expertise and enthusiasm to managing Dolby's Consumer Division."
"I'm very excited about taking on this new role during a time of such great opportunity in the consumer electronics market," commented Haidamus. "With growing consumer demand for the HD experience and increasing awareness of the benefits that high-quality surround sound brings to consumers, Dolby is well situated to advance this new wave of technology."
Prior to heading up Via Licensing, Haidamus spent several years in key positions at Dolby Laboratories, including Director of Business Development, Technology and Business Strategist, and Licensing Manager. He had a pivotal role in the successful adoption of Dolby's technologies in open standards, such as DVD-Video and DVD-Recordable, and was a key player in Dolby's achieving a joint Emmy® Award in 1999 for scientific and technological advancement in the development of DVD technology. Haidamus worked at Stanford Research Systems for seven years before joining Dolby Laboratories. He holds a BS degree in electrical engineering and an MS degree in computer engineering from the University of the Pacific and has completed advanced coursework at Stanford University, the University of California at Berkeley, and the Center for Creative Leadership.
Dolby's Consumer Division is a major presence in the consumer electronics industry. More than 40 semiconductor manufacturers incorporate the company's surround sound technology into their integrated circuits (ICs), and Dolby licenses its technology to approximately 500 consumer electronics manufacturers and software developers in nearly 30 countries. Over 2 billion consumer electronics product units sold worldwide have incorporated Dolby technology, including more than 327 million DVD players and 109 million set-top boxes and audio/video receivers.
In his new role, Haidamus is replacing Ed Schummer, who has been appointed President of Via Licensing effective February 6, 2006.
About Dolby Laboratories
Dolby Laboratories (NYSE:DLB) develops and delivers products and technologies that make the entertainment experience more realistic and immersive. For four decades Dolby has been at the forefront of defining high-quality audio and surround sound in cinema, broadcast, home audio systems, cars, DVDs, headphones, games, televisions, and personal computers. Based in San Francisco with European headquarters in England, the company has entertainment industry liaison offices in New York and Los Angeles, and licensing liaison offices in London, Shanghai, Beijing, Hong Kong, and Tokyo. For more information about Dolby Laboratories or Dolby technologies, please visit www.dolby.com.
Certain statements in this press release, including statements regarding consumer demand for the HD experience, the increasing awareness of the benefits of high quality surround sound, Dolby's continuing innovation and Dolby's competitive position, are "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements are based on management's current expectations. The following important factors, without limitation, could cause actual results to differ materially from those in the forward looking statements: the risk that consumer demand for the HD experience will not grow as expected, the risk that Dolby may not continue its track record of innovation, competition risks, and other risks detailed in Dolby's Securities and Exchange Commission filings and reports, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2005. Dolby disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.
Dolby and the double-D symbol are registered trademarks of Dolby Laboratories. Emmy is the trademark property of ATAS/NATAS. S06/16986
SOURCE: Dolby Laboratories
Dolby Laboratories Paula Dunn, 415-645-5000 email@example.comCopyright Business Wire 2006