Artel Video Systems, an employee-owned global provider of broadcast-quality video transport solutions, today announced the appointment of Mike Rizzo as President and CEO. Rizzo joins Artel with more than 20 years in executive management positions.
Prior to joining Artel, Rizzo provided strategic consulting for small to mid-sized businesses and private equity firms focusing on CEO support, leadership succession, M&A advisory, corporate strategic planning, international expansion, and ESOP transition. Before consulting, Rizzo was President and general manager of the North American unit of Cylon Energy. He served 18 years at Schleuniger, Inc., most recently as North American president and managing director, and previously was Schleuniger’s vice president of sales and marketing.
“This is a great opportunity and exciting time to be a member of Artel’s management committee,” Rizzo said. “With its established leadership in the broadcast industry, combined with the recent acquisition of the Communications Specialties, Inc. portfolio, Artel is primed for growth and is expanding its offering to meet the evolving needs of its customers. I look forward to using my experience to accelerate significant growth in revenue and share value for Artel’s employee owners.”
“We are excited to be adding Mike to our executive leadership team. His experience with employee-owned companies (ESOPs) and proven success in running high-performing companies is critical to Artel as we continue to anticipate a high level of growth over the next few years,” said Richard Dellacanonica, Artel chairman of the board. “Our industry is dynamic and changing, and having a member of the executive management team with Mike’s history of accomplishments is crucial in ensuring our continued success.”
Richard Dellacanonica will continue to be actively involved in Artel as Chairman of the Board and overseeing sales operations.
More information about the company is available at www.artel.com.