DivX Announces Changes to Engineering Organization
DivX, Inc., a digital media company, today announced
that Markus Moenig, Senior Vice President and Chief Technology Officer,
has resigned effective December 1, 2008, in order to return overseas
and explore new entrepreneurial opportunities. Following DivX's
acquisition of MainConcept, Mr. Moenig's primary focus has been to
integrate the H.264 digital video technology into the core DivX product
line, which has culminated in the soon to be released DivX 7. Jim
Reesman, Vice President of Engineering, will lead DivX's global
engineering organization.
"Since DivX acquired MainConcept in November 2007, Markus has played a
key role in the successful integration of MainConcept as a subsidiary
of DivX," said Kevin Hell, Chief Executive Officer of DivX, Inc. "One
product of this effort is the future release of DivX 7, which will
feature MainConcept's award-winning H.264 solution. With the
integration of these technologies complete, we thank Markus for his
efforts and wish him well with his future plans."
Mr. Hell added, "Jim has been leading our product development team for some time now, so we do not plan to replace Markus. We are highly confident that Jim and our deep pool of talented engineering resources have the proven ability to continue to execute on our product and technology goals."
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