San Francisco, CA—Nov 15, 2004
Dolby Laboratories Announces Executive Promotions of Steve Forshay to Senior Vice President, Research and Craig Todd to Vice President of Technology Strategy
Craig Todd to Oversee New Corporate Technology Strategy Group that Formalizes Company's Ongoing Commitment to Leadership in Providing Entertainment Technology Solutions
Dolby Laboratories, Inc. today announced two
changes to its executive team. Steve Forshay has been promoted to Senior Vice
President, Research. He previously held the title of Vice President of Research
and Development. The company also announced the promotion of Craig Todd to Vice
President of Technology Strategy. Bill Jasper, President, Director, and Chief
Executive Officer at Dolby made the announcements.
"I'm pleased to announce Steve's well-deserved promotion to Senior Vice
President, Research," Mr. Jasper said. "For more than 20 years, he has
demonstrated both the leadership and management skills that have allowed Dolby
to successfully transition from the analog world into the digital world."
"I'm equally pleased to announce Craig's promotion to Vice President of
Technology Strategy and to name him as the leader of corporate technology
strategy," added Mr. Jasper. "Craig is superbly and uniquely qualified for this
expanded assignment as he is widely acknowledged as a leader in entertainment
technology and has played a substantial role in forging the technology
strategies that have helped shape Dolby's success."
Since joining Dolby in 1982, Mr. Forshay has helped facilitate research and
development of the innovative audio and surround sound technologies conceived
and developed by Dolby's talented inventors and technologists. In addition to
overseeing technology research activities, including sound technology as well as
image signal processing and related entertainment technologies, Mr. Forshay
participates in formulation and oversight of corporate business, technology, and
standards strategies.
Mr. Forshay holds a BSEE from the New Jersey Institute of Technology and an MBA
from St. Mary's College. He is a member of the Audio Engineering Society (AES),
the Society of Motion Picture and Television Engineers (SMPTE), and the
Institute of Electrical and Electronics Engineers (IEEE). He is also active in
industry standards and business forums.
In his new role, Mr. Todd will be responsible for leading identification and
assessment of new opportunities, coordination of standards activities, and
making recommendations regarding medium- and long-term corporate technology
strategy. Mr. Todd and his Technology Strategy Group will continue to report in
as part of Dolby's Research Division.
After joining the company in 1977, Mr. Todd worked on the development of Dolby®
Surround. In 1992 he focused his efforts on bringing multichannel digital audio
to the consumer. He was instrumental in establishing Dolby Digital in DTV, CATV,
and DVD formats, and has most recently made major technical contributions to the
technology strategy and systems architecture of Dolby's Digital Cinema system. A
holder of more than 20 patents, Mr. Todd has participated in standards-setting
activities for the Advanced Television Systems Committee (ATSC), the Digital
Video Broadcasting (DVB) project, the Society of Motion Picture and Television
Engineers (SMPTE), the International Telecommunications Union (ITU-R), the Audio
Engineering Society (AES), the International Electrotechnical Commission (IEC),
and the Consumer Electronics Association (CEA). He is a fellow of both the AES
and SMPTE, and in 2002 was awarded the SMPTE Samuel L. Warner Memorial Medal for
contributions to motion picture sound. Mr. Todd holds a BS in Physics from the
California Institute of Technology.