| By Business Wire |
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| December 4, 2012 05:00 PM EST |
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AVG Technologies N.V. (NYSE: AVG), the provider of Internet and mobile
security to 143 million active users, today announced the appointment of
Martin Wheatcroft as Senior Vice President, Finance and Group Financial
Controller, reporting to John Little, Chief Financial Officer, effective
immediately. Based out of AVG’s corporate office in Amsterdam, Mr.
Wheatcroft will manage the company’s global financial operations.
“With his more than twenty years of international experience working in
finance, both public and private companies, Martin Wheatcroft brings to
AVG extensive global management, diverse industry experience and a
strong understanding of markets and business and financial dynamics,”
said John Little, AVG’s CFO. “As a highly talented financial leader,
Martin will be a strong addition to our business as we continue to
expand into new markets.”
Wheatcroft joins AVG from National Grid plc, a £25 billion market cap UK
and US based electricity and gas utility with listings in both London
and New York. Until recently he lead the accounting function for the $12
billion US business, including regulated electric and gas utilities in
New York City, Long Island, upstate New York, Rhode Island,
Massachusetts and New Hampshire.
“I am looking forward to working with such a rapidly growing business in
such a dynamic industry as it continues to grow from strength to
strength. As the business carries on expanding into different segments
and geographies, there are ambitious commercial and financial goals that
need to be met,” said Wheatcroft.
Forward-Looking Statements
This press release contains forward-looking statements within the
Private Securities Litigation Reform Act of 1995. Words such as
“expects,” “outlook”, “expectation,” “intends,” “assumes,” “believes”
and “estimates,” variations of such words and similar expressions are
also intended to identify forward-looking statements. These
forward-looking statements involve risks and uncertainties that could
cause actual results to differ materially from those contemplated
herein. Factors that could cause or contribute to such differences
include but are not limited to: changes in the company’s growth
strategies; changes in the company’s future prospects, business
development, results of operations and financial condition; changes to
the online and computer threat environment and the endpoint security
industry; competition from local and international companies, new
entrants in the market and changes to the competitive landscape; the
adoption of new, or changes to existing, laws and regulations; flaws in
the assumptions underlying the calculation of the number of the
company’s active users; the termination of or changes to the company’s
relationships with its partners, including Google, and other third
parties; changes in the company’s and its partners’ responses to privacy
concerns; the ability of the company to successfully diversify its
portfolio of search partners; the company’s plans to launch new products
and online services and monetize its full user base; the company’s
ability to attract and retain active and subscription users; the
company’s ability to retain key personnel and attract new talent; the
company’s ability to adequately protect its intellectual property; flaws
in the company’s internal controls or IT systems; the company’s
geographic expansion plans; the anticipated costs and benefits of the
company’s acquisitions; the outcome of ongoing or any future litigation
or arbitration, including litigation or arbitration relating to
intellectual property rights; the company’s legal and regulatory
compliance efforts; and worldwide economic conditions and their impact
on demand for the company’s products and services. Given these risks and
uncertainties, you should not place undue reliance on these
forward-looking statements.
Further information on these factors and other risks that may affect the
company’s business is included in filings AVG makes with the Securities
and Exchange Commission (SEC) from time to time, including its Annual
Report on Form 20-F, particularly under the heading “Risk Factors”.
These documents are available online from the SEC or in the Investor
Relations section of our website at http://investors.avg.com.
Information on our website is not part of this release. All
forward-looking statements in this press release are based on
information currently available to us, and we assume no obligation to
update these forward-looking statements in light of new information or
future events.
About AVG Technologies (NYSE: AVG)
AVG's mission is to simplify, optimize and secure the Internet
experience, providing peace of mind to a connected world. AVG's powerful
yet easy-to-use software and online services put users in control of
their Internet experience. By choosing AVG's software and services,
users become part of a trusted global community that benefits from
inherent network effects, mutual protection and support. AVG has grown
its user base to 143 million active users as of September 30, 2012 and
offers a product portfolio that targets the consumer and small business
markets and includes Internet security, PC performance optimization,
online backup, mobile security, identity protection and family safety
software.
www.avg.com
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