Digimarc Welcomes Digital Transformation Leader Ravi Kumar to its Board of Directors

Rhea-AI Summary

Digimarc Corporation (NASDAQ: DMRC) announced the election of Ravi Kumar to its Board of Directors, effective June 26, 2021. Kumar, President at Infosys, will contribute his expertise in digital transformation and AI to support Digimarc's strategic focus on helping businesses adapt to digital changes. His experience includes overseeing enterprise solutions, data analytics, and public services at Infosys. Kumar expressed his enthusiasm to help businesses enhance sustainability and consumer safety through Digimarc's solutions.

Positive

• Ravi Kumar brings extensive expertise in digital transformation and AI to the board.
• Kumar's appointment aligns with Digimarc's focus on driving digital modernization.

Negative

• Kumar's transition to Digimarc may create continuity concerns due to a lack of experience within the company.

BEAVERTON, Ore., July 2, 2021 /PRNewswire/ -- Digimarc Corporation (NASDAQ: DMRC), creator of Digimarc watermarks that are driving the next generation of digital identification and detection, announced today that Ravi Kumar, a globally-renowned thought leader and executive, has been elected to its Board of Directors, effective June 26, 2021. His appointment complements and extends the Board's current expertise in global enterprise digital disruption, ecosystem building through global alliances and partnerships and Artificial Intelligence (AI), Machine Learning and related data and analytics, among other areas, and supports Digimarc's strategic focus on helping businesses embrace digital transformation to deliver more value to their customers.

Kumar is President at Infosys, a leading global IT consulting and services company, where he leads the Global Services Organization across all industry segments. He drives digital transformation, consulting, traditional technology and engineering services, along with the data and analytics, cloud and infrastructure, and enterprise package application service lines. He serves as Chairman of the Board of Infosys Business Process Management (BPM). Kumar also oversees Infosys Public Services and the consulting services subsidiary of Infosys. He chairs the Boards of the digital companies Kaleidoscope, Guidevision, Wongdoody and Simplus that Infosys has acquired. He also oversees Infosys business in Latin America, Japan and China.

He is on the Board of Governors of the New York Academy of Sciences and the Board of AdvanceCT-Economic Dev Board of the State of Connecticut. 

"I'm excited to join the Board of Digimarc and contribute to the company's success driving digital transformation and modernization for its customers," said Kumar. "Digimarc is well-positioned to help businesses reimagine and reinvent themselves by providing solutions that allow them to accelerate progress in critical areas, such as improving sustainability practices and protecting consumer health and safety."

"Ravi is a respected thought leader in the technology transformation space, and he brings unparalleled expertise to the Board.  He will undoubtedly be a true inspiration to all Digimarc stakeholders," said Riley McCormack, President & CEO, Digimarc. "His philosophy that 'technology is transforming the world,' combined with his first-hand experience helping top companies manage digital disruption will be an invaluable asset on the Board.  We couldn't be more thrilled to welcome him to the Team."

Kumar is a global authority on the Future of Work, Workplaces and Workforce, and is regularly invited by business and popular media to speak on these topics.

About Digimarc

Digimarc Corporation (NASDAQ: DMRC) is a pioneer and leader in digital watermarking solutions and the automatic identification of media, including packaging, commercial print, digital images, audio and video. Digimarc helps customers drive efficiency, accuracy and security across physical and digital supply chains. Visit digimarc.com and follow us on LinkedIn and Twitter @digimarc to learn more.

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SOURCE Digimarc Corporation

FAQ

Who is Ravi Kumar and what is his role at Digimarc?

Ravi Kumar is the newly elected Board Member of Digimarc, effective June 26, 2021, and is President at Infosys, where he leads digital transformation efforts.

What impact will Ravi Kumar's appointment have on Digimarc?

Kumar's expertise in digital transformation and AI is expected to enhance Digimarc's strategy in helping businesses modernize and improve sustainability.

When was Ravi Kumar elected to the Board of Digimarc?

Ravi Kumar was elected to the Board of Digimarc effective June 26, 2021.

What industries does Ravi Kumar oversee at Infosys?

Kumar oversees a variety of sectors including consulting, data analytics, cloud services, and enterprise applications at Infosys.