Leitch taps Thorsteinson: former head of Grass Valley Group looks to expand his new company's product line.(Technology)(Tim Thorsteinson named president)

Broadcasting & Cable, December, 2003 by Kerschbaumer, Ken

Tim Thorsteinson, who delivered the Grass Valley Group out of financial jeopardy and into security as part of Thomson Broadcast, is now at the helm of another major industry manufacturer as president and CEO of Leitch.

"If you look at the players in the industry, there are a few in the middle of the market that have an opportunity to emerge as leaders in the marketplace over the next couple of years," says Thorsteinson. "After talking to the folks at Leitch, I feel they have a chance to win with a good brand, good people and a loyal customer base."

That scenario is similar to Grass Valley Group's a few years ago. The one big difference, Thorsteinson says: Leitch has a strong balance sheet. Prior to his working out a deal for the sale of Grass...

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