17.04.2006 13:00:00
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Gemstar-TV Guide Names Bedi A. Singh Executive Vice President and Chief Financial Officer
Mr. Battista said, "We are fortunate to have found an individualwith Bedi's talents and background to assume the responsibilities ofCFO at this time. He is an experienced financial professional havingserved as a divisional CFO for Novartis and for Sony PicturesEntertainment, both large multi-national public companies. Along withsignificant financial experience, he brings a proven track record inthe media and entertainment industry, which will aid him as he assumesa key role in the senior management of our company. I am confidentthat Bedi will provide our financial team with strong leadership as weprogress on our exciting strategic plan."
Mr. Singh said, "I am delighted to be joining Gemstar-TV Guide atsuch an important time in the company's history. I have always beenimpressed with the strength of the TV Guide brand and I am veryenthusiastic about the strategic direction that Rich has laid out forthe company. I believe there is significant growth potential asGemstar-TV Guide continues on the path to be the leading guidanceprovider across multiple media platforms."
Mr. Singh has a strong background in public accounting, financialreporting, and in strategic business development. In addition tooverseeing all of the financial operations at Gemstar-TV Guide and thecompany's investor relations activities, he will also share oversightof the company's information technology (IT) group with Mike McKee,Gemstar-TV Guide's chief operating officer.
Prior to joining Gemstar-TV Guide, since 2004, Mr. Singh hasserved as chief finance and administration officer for Novartis PharmaA.G., a leading company in health care research and productdevelopment, based in Switzerland. In this role, he oversaw finance,strategic planning, purchasing and IT, and served as part of thecompany's executive committee, reporting to the CEO. He supervisedover 2,000 people worldwide, through 18 internationally located directreports.
From 1999-2003, Mr. Singh was executive vice president and CFO ofSony Pictures Entertainment, a division of Sony Corporation ofAmerica. In this role, he had responsibility for Finance, IT, andcorporate strategy and worked closely with all division presidents. Hesupervised over 800 people and was involved in financial presentationsto Wall Street analysts and the press. He was a member of the board ofdirectors of SET India, the company's cable/satellite TV channel. Hewas also a member of the board of directors of Sony PicturesEntertainment Japan; and he was the company's board representative forLoews Cineplex Inc.
Prior to joining Sony, Mr. Singh worked for News Corporation from1991-1999, serving in senior financial roles, including deputy chieffinancial officer for Fox Filmed Entertainment; and group financialcontroller for News International plc.
From 1987-1991, Mr. Singh was a senior country manager forAccenture Ltd., (at the time Andersen Consulting), where hespearheaded a project funded by the World Bank, developing a strategicplan for the Nigerian National Petroleum Corporation. He began hiscareer in London as an audit manager at the accounting firm Deloitteand Touche (at the time Arthur Andersen, UK).
An honors graduate of the London School of Economics and PoliticalScience, Mr. Singh holds a Bachelor of Science degree in Economics,and is a fellow of the Institute of Chartered Accountants in Englandand Wales. In addition, he is a graduate of the Harvard BusinessSchool Program for Management Development. Mr. Singh lives in SouthernCalifornia and will be based in Gemstar-TV Guide's Los Angelesheadquarters.
About Gemstar-TV Guide
Gemstar-TV Guide International, Inc. (the "Company") (NASDAQ:GMST) is a leading media, entertainment and technology company thatdevelops, licenses, markets and distributes technologies, products andservices targeted at the television guidance and home entertainmentneeds of consumers worldwide. The Company's businesses include:television media and publishing properties; interactive program guideservices and products; and technology and intellectual propertylicensing. Additional information about the Company can be found atwww.gemstartvguide.com.
This news release contains forward-looking statements that involverisks and uncertainties, including risks and uncertainties related tothe transformation of our TV Guide magazine publishing business;timely availability and market acceptance of products and servicesincorporating the Company's technologies and content; our investmentin new and existing businesses, including TV Guide magazine, TV GuideSpot and TV Guide Mobile; the impact of competitive products, servicesand pricing; ongoing and potential future litigation; and the otherrisks detailed from time to time in the Company's SEC reports,including the most recent reports on Forms 10-K, 10-Q and 8-K, each asit may be amended from time to time. The Company assumes no obligationto update these forward-looking statements.
Note to Editors: Gemstar, TV Guide, TV Guide Spot and TV GuideMobile are trademarks or registered trademarks of Gemstar-TV GuideInternational, Inc. and/or its subsidiaries. The names of othercompanies, products and services used herein are for identificationpurposes only and may be trademarks of their respective owners.
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