Grass Valley Group Announces Additions To Senior Management Team

NEVADA CITY, Calif., Jan. 27, 2000 — The Grass Valley Group today announced the completion of its senior management team. Led by Tim Thorsteinson, president and chief operating officer, the team includes Peter J. DiCorti, vice president of finance and chief financial officer; Russ Johnson, vice president of The Americas sales; Larry Neitling, vice president and general manager; John Phipps, vice president of European sales; Greg Wasche, vice president of engineering; and Stephen Wong, vice president of Pacific Operations sales. Dr. Terry Gooding serves as chairman and chief executive officer of the Grass Valley Group.

Peter J. DiCorti, a 26-year financial veteran and Certified Public Accountant, has held various chief financial officer positions over the last decade, including those at Pacific Access Computers, Alldata Corporation, and Digital Research Inc. He holds a bachelor's degree in Commerce and Accounting from Santa Clara University and is a member of the AICPA and the California Society of CPAs.

Russ Johnson is responsible for managing the United States, Latin American, and Canadian sales forces of the Grass Valley Group. With twenty years of sales experience, he is instrumental in developing a highly technical, consultative sales team tasked with managing strategic accounts and closing large projects with key media clients. Johnson was educated at Ohio State University and Wright State University, obtaining a bachelor's of science degree in Business Administration.

Larry Neitling served as vice president and general manager of Tektronix' Grass Valley Products before its sale to the Grass Valley Group. Prior to that he was president and chief operating officer of Merix Corporation. Neitling is a member of the executive committee of the American Electronic Association Oregon Council and serves on the Portland State University (PSU) Engineering Advisory Board. He holds a bachelor's degree in Computer Science from Portland State University.

John Phipps has more than 20 years of broadcast industry experience. His achievements include winning a series of benchmark, turnkey contracts with major television stations and post-production facilities across Europe, Africa and the Middle East. Prior to joining the Grass Valley Group, he held senior sales positions with Ampex, Viewplan, and Black & Decker.

Greg Wasche has more than 15 years of software engineering management. As former president and founder of Electrical Engineering Software, he understands the critical need to integrate customer expectations, market demands, technological shifts and engineering capabilities into a successful business model. Formerly director of research and development for various EDA companies, Wasche has an extensive record of rolling out major software programs and products. An expert in analog simulation, he is a member of the IEEE and holds a bachelor's degree in electrical engineering and computer science from the University of California, Berkley where he graduated with honors.

Stephen Wong has 30 years experience in the broadcasting and professional video markets throughout the Pacific Operations region. As the Managing Director of Pacific Operations for the Tektronix Video and Networking Division, andhas 30 years experience in the broadcasting and professional video markets throughout the Asia Pacific. Stephen he established successful direct sales and channels operations in all major Pacific countries, including wholly owned operations throughout China. Prior to joining Tektronix, Wong was Managing Director of Sales and Marketing in the Pacific Operations region for BTS and Ampex.

Other appointments to the Grass Valley Group management team include Horst Przybyla as Geschafsfuhrer of Grass Valley GmbH in Germany and Jean-Marc Hoffer as Gerant of Grass Valley Sarl in France.

The Grass Valley Group is a privately held digital broadcast and video company at the forefront of the transition to digital transmission and video content production and has more than $2 billion of equipment installed worldwide. Whether it's distributing video over the air, through digital broadcast facilities and across standard data networks, or providing the industry's best video storage and production products, the Grass Valley Group has the digital solutions for the world's media markets. Its product lines include the Emmy award-winning Profile digital video server, Emmy-award winning Grass Valley™ switchers, and Grass Valley router and modular lines.

For the latest Grass Valley Group product information, see www.grassvalleygroup.com.

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