EVS Broadcast Equipment announces the departure of Muriel De Lathouwer, Director Dlgue and CEO



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Publication on July 17, 2018, 7:30 pm CET
Regulated Information – Privileged Information
EVS Broadcast Equipment SA: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

Pierre De Muelenaere is appointed CEO ad interim until the appointment of a new CEO

EVS Broadcast Equipment, the leader in live video production systems, today announced the departure of Muriel De Lathouwer (representative MucH sprl ) as CEO and Director of EVS

The Board of Directors and Muriel De Lathouwer have agreed by mutual agreement to terminate his mandates and functions as managing director and CEO of the company (functions and mandates that it exercised mainly through its company MucH sprl), with effect from 10 July 2018.

The Chairman of the Board of Directors, Pierre De Muelenaere (representing Pygargue sprl), was appointed to temporarily succeed him, until the appointment of a new CEO

Pierre De Muelenaere, Chairman of the EVS Board of Directors, said: "On behalf of the Board, I would like to thank Muriel for the important work that has been done over the last 4 years with the Executive Committee and the Council. A new vision and strategy have been defined positioning EVS at the heart of the "live" ecosystem, with an extension of the product range and a focus on innovation. The establishment of a more agile organization structure has also resulted in better cost control. The challenges facing our industry players are driving us to evolve continuously. The Board of Directors will encourage the continuation of this strategy while strengthening the leadership role of the management team within the organization. "

Conference call
EVS will hold a conference call in English on July 18 5:00 pm CET for financial badysts and institutional investors Other interested parties can listen without question ("listen-only mode")

Telephone numbers: +44 (0) 2071 928 000 (United Kingdom) Kingdom), +32 (0) 2 400 98 74 (Belgium), +1 631 510 7495 (United States)
Telephone conference number: 8777864.

For more information, please contact: Contact:

Yvan ABSIL, Senior Vice President, CFO
Geoffroy d'OULTREMONT, Vice President Investor Relations & Corporate Communication
EVS Broadcast Equipment SA, Liege Science Park, 13 rue du Bois Saint-Jean , B-4102 Seraing, Belgium
Tel: +32 4 36 1 70 13. E-mail: [email protected]; www.evs.com

Statements of Future Prospects
This press release contains statements on the outlook for the business, financial health and results of operations of EVS and its subsidiaries. These statements are based on the current expectations of EVS management and are subject to a number of risks and uncertainties that could cause the current results or performance of the company to be significantly different from those described in these statements. These risks and uncertainties relate to changes in technology and market requirements, the concentration of the Company's activities in a single industry, the decline in demand for the products of the Company or its subsidiaries, the inability to develop and to introduce new technologies in a timely manner, to products and applications as well as to the loss of market share and price pressure resulting from competition that could result in the company's current results or performance significantly differing of those described in these outlook statements. EVS undertakes no obligation to publicly release a review of these statements to describe events or circumstances to reflect the occurrence of unanticipated events after today's date.

About EVS
EVS is recognized worldwide as the leader in live video production technologies. The company introduced its Live Slow Motion system in 1994 and continued to build on its reputation for quality and reliability with solutions that showcase sports content, entertainment, and live news. Innovations, such as the C-Cast multimedia platform and the IT video mixer DYVI, raise the bar for the enrichment, management and distribution of live productions. TV stations, rights holders, producers and stadium operators use EVS to maximize the value of their productions, and thus increase their revenue sources. Based in Belgium, EVS also has offices in Europe, the Middle East, Asia-Pacific and North America. Approximately 500 EVS professionals market the products and support the brand in more than 100 countries. EVS is a public limited company quoted on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, visit www.evs.com.


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Client Solutions.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained there
: EVS Broadcast Equipment via Globenewswire

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