Dolby Appoints Tony Prophet to its Board of Directors

Rhea-AI Summary

Dolby Laboratories (NYSE: DLB) announced the appointment of Tony Prophet to its Board of Directors, effective December 6, 2021. Prophet is recognized for his leadership in technology and diversity, having previously served as Chief Equality and Recruiting Officer at Salesforce. His extensive experience includes significant roles at Microsoft and HP. Dolby Chairman Peter Gotcher expressed excitement over Prophet's blend of leadership and commitment to equality, anticipating his contribution to future growth. Further details are available in a Current Report filed with the SEC.

Positive

• Appointment of Tony Prophet brings leadership experience from Salesforce, Microsoft, and HP.
• Prophet's focus on equality and inclusion aligns with Dolby's corporate values.
• Expected to contribute positively to Dolby's strategic direction and community engagement.

Negative

• Transition may pose risks in continuity during the leadership change.

SAN FRANCISCO, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Dolby Laboratories, Inc. (NYSE:DLB) announced today the appointment of Tony Prophet to its Board of Directors, effective December 6, 2021. Over the course of many years, Tony has established himself as a technology industry leader who has helped guide companies across multiple disciplines.

Most recently, Tony served as the Chief Equality and Recruiting Officer at Salesforce, co-chairing the Salesforce Racial Equality and Justice Task Force, created to help drive systemic change in the workplace and community. He was also a co-founder of the company's Ethical and Humane Use of technology initiative. During his time with Microsoft, Tony served as Corporate Vice President, Education Marketing, Corporate Vice President of Windows and Search Marketing, and Corporate Vice President of Windows Marketing. Prior to Microsoft, he held leadership roles at HP, including leading worldwide PC and printing operations, and previously served in positions of increasing responsibility at multiple organizations, including leading worldwide operations for the Carrier Business unit of United Technologies and rising to Partner at Booz Allen Hamilton.

“We are excited to welcome Tony to the Board of Directors,” said Peter Gotcher, Chairman of the Dolby Board of Directors. “His combination of leadership and management experience, dedication to equality and inclusion, and passion for Dolby will bring tremendous value to the Dolby Board.”

“I’m incredibly impressed with Dolby’s leadership team,” said Tony Prophet. “Dolby technologies transform how developers and content creators deliver high-quality, interactive and media-centric applications, and how billions of people worldwide experience their entertainment. I look forward to working with the Dolby team to help drive the company’s future growth and support the communities in which they do business.”

Additional details regarding the appointment can be found in a Current Report on Form 8-K filed by Dolby today with the Securities and Exchange Commission.

About Dolby Laboratories
Dolby Laboratories (NYSE: DLB) is based in San Francisco, California with offices around the globe. From movies and TV shows, to apps, music, sports and gaming, Dolby transforms the science of sight and sound into spectacular experiences for billions of people worldwide. We partner with artists, storytellers, developers, and businesses to revolutionize entertainment and communications with Dolby Atmos, Dolby Vision, Dolby Cinema, and Dolby.io.

Dolby, Dolby Atmos, Dolby Vision, Dolby Cinema, Dolby.io, and the double-D symbol are among the registered and unregistered trademarks of Dolby Laboratories, Inc. in the United States and/or other countries. Other trademarks remain the property of their respective owners.

DLB-G

Investor Contact:
Ashley Schwenoha
Dolby Laboratories
415-645-5506
investor@dolby.com

Media Contact:
Natalia Sandin
Dolby Laboratories
650-201-8814
Natalia.Sandin@dolby.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/04cb262c-0767-48e4-b323-89bfb2099107

FAQ

Who is Tony Prophet and what is his background?

Tony Prophet is the new appointee to Dolby's Board of Directors, previously serving as Chief Equality and Recruiting Officer at Salesforce, with extensive experience in leadership roles at Microsoft and HP.

What impact could Tony Prophet's appointment have on Dolby's strategy?

Prophet's appointment is expected to enhance Dolby's strategic direction, particularly in areas of equality and community engagement.

When did Tony Prophet join Dolby's Board of Directors?

Tony Prophet joined Dolby's Board of Directors on December 6, 2021.

What are Dolby's current initiatives related to diversity and inclusion?

Dolby focuses on diversity and inclusion, aiming to drive systemic change in the workplace, an area where Prophet has significant expertise.