Imagine Communications announced current CEO Charlie Vogt is stepping down and that Tom Cotney has been named CEO of the company, effective immediately.
Vogt is heading to the Gores Group—which counts Imagine among the companies in its portfolio—where he’ll serve as a senior adviser working on M&A and business development at Imagine.
“Over the past four years, Imagine has transformed the media industry by becoming the first company to deliver on its vision of an all IP/cloud network for playout and master control,” said Alec Gores, founder, chairman and CEO of The Gores Group, in a statement. “I want to acknowledge and personally thank Charlie for his leadership in driving this massive transformation and placing Imagine’s technology at the forefront of the industry. Sharing our vision of where the industry is heading, Tom is uniquely qualified to build on this momentum and I welcome him in his new role.”
“I am excited about the opportunity to lead Imagine to the next level,” said Cotney in a statement. “Business models in transformation have become the norm in almost every company today. I can’t thank Charlie and the team enough for building Imagine into one of the market leading, long-term players in this industry.”
Cotney takes over as Imagine CEO after previously working as general manager of the communications sector for IBM Global Services. Cotney will also join the board of directors of Imagine.
“Imagine Communications could not be better positioned than we are today to take market-share across the ad management, playout, networking and distribution markets, particularly as we continue to guide the industry transition to IP and the cloud,” said Vogt in a statement. “We are pacing to have our best quarter of the year, and Friday we signed a strategic Advertising Management System contract to accelerate the emerging ATSC 3.0 multi-services market. I look forward to supporting Tom Cotney is his new role in an advisory capacity at The Gores Group and believe he will be able to fuel Imagine’s continued expansion and innovation.”