AMSTERDAM & SAN FRANCISCO--(BUSINESS WIRE)--
AVG Technologies N.V. (AVG), the provider of Internet, mobile security, privacy and optimization to 150 million active users, today named Gary Kovacs as Chief Executive Officer and Managing Director. Mr. Kovacs joins AVG from Mozilla Corporation, where he was most recently CEO and responsible for expanding the company’s desktop and mobile businesses.
“We welcome Gary to AVG and look forward to benefiting from his seasoned leadership skills as CEO and as a member of the Management Board. His past career successes are directly applicable to the opportunity and the future of AVG -- mobile, cloud, software and platforms -- and we believe that his rare blend of experience, leadership and drive will take AVG to new levels,” said Dale Fuller, Chairman of the Supervisory Board of AVG.
Over the course of his 25-year career and prior to joining Mozilla, Mr. Kovacs was Senior VP of Markets, Solutions & Products at Sybase (acquired by SAP) and General Manager and VP of Mobile & Devices at Adobe Systems. He also held a variety of senior marketing, product management, technical and operating positions with other industry leading companies including Macromedia (acquired by Adobe), Zi Corporation (acquired by Nuance Communications) and IBM, where he was instrumental in creating products and strategies that drove long-term growth.
“We know that there are over two and a half billion people online and we anticipate another two and a half billion people coming online in the next five years. With all these people online there is going to be an increasing urgency to secure them,” said Gary Kovacs, newly named Chief Executive Officer and Managing Director, AVG Technologies. “I have dedicated my last three years to that pursuit and with AVG building products that simplify and secure users’ digital lives, it is a natural fit. I am really excited to be here and I am looking forward to helping AVG continue to grow its business.”
An extraordinary general meeting of shareholders will be held to approve Mr. Kovacs’ appointment as CEO and a member of AVG’s Management Board.
This press release contains forward-looking statements within the Private Securities Litigation Reform Act of 1995, including those relating to the expectation that the respective nominations of the company’s new Chief Executive Officer will be approved by the general meeting of shareholders, and the timing and outcome of the transition regarding the company’s new Chief Executive Officer. Words such as “expects,” “proposes,” “intends” and “believes,” variations of such words and similar expressions are also intended to identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein. Factors that could cause or contribute to such differences include but are not limited to the potential disruption to the company’s operations and management that could result from the transition. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Further information on these factors and other risks that may affect the Company’s business is included in filings AVG makes with the Securities and Exchange Commission (SEC) from time to time, including its Annual Report on Form 20-F, particularly under the heading “Risk Factors”. These documents are available online from the SEC or in the Investor Relations section of our website at http://investors.avg.com Information on our website is not part of this release. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events.
About AVG Technologies (AVG)
AVG’s mission is to simplify, optimize and secure the Internet experience, providing peace of mind to a connected world. AVG’s powerful yet easy-to-use software and online services put users in control of their Internet experience. By choosing AVG’s software and services, users become part of a trusted global community that benefits from inherent network effects, mutual protection and support. AVG has grown its user base to 150 million active users as of March 31, 2013 and offers a product portfolio that targets the consumer and small business markets and includes Internet security, PC performance optimization, online backup, mobile security, identity protection and family safety software.
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