NDS Group announced this morning that Dave Habiger has taken the reins as the company's new CEO, while former CEO and Chairman Abe Peled has now assumed the full-time position of executive chairman for the company.
"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," Peled said. "NDS has a strong and experienced management team and an unparalleled cadre of talented and dedicated employees with a proven track record in pay-TV; it has been a privilege to work with them to establish NDS as the market leader in this area. Dave 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. I remain committed to the continuing long-term success of NDS.
"As executive chairman, I will focus on providing strategic, operational and customer relationship continuity and will support Dave with this new challenge in every way possible."
Habiger, 42, began his career in media as a founder of Providence Productions. In 1992, he began working with the founding members of Sonic Solutions, later playing a key role in the company's IPO in 1994. As president and chief operating officer, he organized and managed a global software development team, later becoming CEO in 2005.
As CEO of Sonic, he leveraged his 15-year partnership with the Hollywood studios to help move the industry from DVD distribution to Internet delivery of movies and TV shows, establishing a leadership role as one of the largest global providers of premium movies and TV shows via the Web and consumer electronics devices. In February of this year, Rovi completed its purchase of Sonic.
"Having spent the last two decades working to help deliver personal and premium content to as many people as possible, I am thrilled to continue that journey with the market leader in the delivery of pay-television worldwide," Habiger said. "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. 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."