• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Yeahronimo Media Ventures, Inc. Appoints Michael Koridon CFO and Executive Vice President

Posted on: Thursday, 10 March 2005, 15:00 CST

BEVERLY HILLS, Calif., March 10 /PRNewswire/ -- Yeahronimo Media Ventures, Inc. (YMV), a leading provider of digital media services and software, announced today the appointment of its new Chief Financial Officer and Executive Vice President, Michael Koridon. Koridon will oversee administration of all YMV accounting and financial reporting and manage the company's investment portfolio, capital and profitability. Michael will also be instrumental in pursuing strategic acquisitions planned as a part of the YMV's growth plans.

Koridon brings nearly a decade of C-level experience, most recently turning over 8 billion euro as CFO and Executive Committee member of Stockholm's ICA AB, a leading retail group with over 3,000 retail stores, 1,300 gas stations in addition to restaurants, catering companies and banks across Scandinavia. During his tenure, he managed all financial facets of the conglomerate, including accounting, legal, tax, treasury, internal audit, insurances, mergers, acquisitions and divestments.

Previously, Koridon served as Regional Controller at Hagemeyer N.V. where he handled operations for companies in the automotive, consumer products and consumer electronics sectors. Prior to that, he served as a CFO at Asea Brown Boveri B.V., a global entity serving customers in electric power generation, transmission and distribution, industrial and buildings systems as well as railroad transportation. Koridon has also held accounting and auditing posts at KPMG-Peat Marwick in Los Angeles.

"This is a sound company and I look forward to lending my expertise to the company, management team and its valued shareholders," said Michael Koridon.

"We are very pleased to have attracted such a solid financial executive to join YMV, Inc.'s executive management team and Board," said Mike Freni, President of YMV, Inc. "With a proven track record of profitably building growth companies, Michael brings a unique combination of financial, technology and consumer goods industry experience, with a well-respected reputation among the international financial markets. I am confident Michael can provide YMV with strong financial leadership and help drive the next phase of the company's growth while enhancing our communications with shareholders and maximizing visibility for the company within the investment community."

Finalizing acquiring the nostalgic and wildly popular Commodore brand and launching its first avail to the U.S. marketplace, the Mpet II, consumers have used the services of YMV since it was founded in 2001 to find, play, purchase and manage digital content, including music, video and games. In addition, broadcasters, network operators, media companies and enterprises use YMV products and services to create and deliver digital media to PCs and consumer electronics devices.

About Yeahronimo Media Ventures

With offices in Century City, California, YMV pioneers the development, acquisition and distribution of technologies for digital media transmission over the Internet, and based on these technologies, has created a base of consumers, network operators and content owners who create, send and receive paid content in conjunction with YMV products and services. YMV will continue to create, package and market digital content directly to consumers, and will supply the underlying technology and business-to-business services to content owners, enterprises and (ISP) network operators.

Yeahronimo Media Ventures, Inc.

CONTACT: George Cabico, +1-310-248-6177, gcabico@bwr-la.com, or HeatherMcGuire, +1-310-248-6141, hmcguire@bwr-la.com, both for Yeahronimo MediaVentures, Inc.

Source: PRNewswire

More News in this Category