Acton, MA, Mar 9: SeaChange International (Nasdaq:
SEAC) today
announced that Kevin Bisson will join the on-demand technology leader as its
Senior Vice President of Finance & Administration, effective March 13, 2006,
and immediately subsequent to SeaChange filing its annual report on Form
10-K in April 2006, as its Chief Financial Officer. Mr. Bisson will also
serve as Treasurer and Secretary. Formerly Senior Vice President and CFO at
American Superconductor, Mr. Bisson succeeds Bill Fiedler who, after seven
years with SeaChange, announced his pending retirement in May 2005. Mr.
Fiedler will remain the CFO of SeaChange, through filing of the Form 10-K,
and will remain an employee of the company and aid in the transition of the
new CFO.
"After a thorough and extensive search, I'm very confident that Kevin will
be a strong addition to SeaChange as we continue to refine and prepare our
company for the expanding international opportunities in our on-demand
market," said Bill Styslinger, president and CEO, SeaChange. "We are
grateful to Bill Fiedler for his leadership and the many contributions he's
made to SeaChange. Kevin has demonstrated a capacity for managing growth
which will ensure the advancement of our key initiatives, and I believe he
will provide significant leadership as he succeeds Bill."
Mr. Bisson joined American Superconductor - a
manufacturer of high-temperature superconductor wire and power electronic
systems - in May 2003 where he has been responsible for overseeing that
company's finance, investor relations, information systems and human
resources functions. During his tenure at American Superconductor, Mr.
Bisson was instrumental in substantially strengthening the company's balance
sheet by improving its quarterly cash flow by 50 percent and managing two
successful public stock offerings generating combined net proceeds of nearly
$100 million. In addition, he helped drive restructuring efforts that
improved productivity by a factor of three.
Prior to joining American Superconductor, Mr.
Bisson was vice president, controller and treasurer for Axcelis
Technologies, Inc., a publicly traded global semiconductor capital equipment
manufacturer. Mr. Bisson also held several senior financial positions with
Hamilton Sundstrand, Hamilton Standard and Carrier Corporation, all units of
Connecticut-based United Technologies Corporation.
Mr. Bisson holds an MBA degree from the
University of Virginia and a bachelor's degree in accounting from Boston
College and is a certified public accountant.
