Joost Appoints Mike Volpi as New CEO

NEW YORK, June 5: Mike
Volpi, previously with Cisco Systems, has been appointed the new CEO of the
Internet TV platform Joost, succeeding the company’s founding CEO Fredrik de
Wahl, effective immediately.

Wahl will remain at
Joost as chief strategy officer. As CEO, Volpi will assume full operational
responsibility for the company. He joins Joost from a 13-year stint at Cisco
Systems, where he most recently managed an $11-billion business as the senior
VP and general manager for Cisco’s Routing and Service Provider Technology
Group, which included Scientific Atlanta.

“Mike brings
unparalleled leadership and technology expertise that will enable us to
accelerate the growth of the company,” says de Wahl. “I am excited to work with
Mike, both because he is an exceptional leader and strategist, and because we
share a common ambition for Joost.”

Volpi adds: “Joost
is one of the most exciting companies in the media industry. Fredrik and the
Joost team have built a world-class ensemble of talent and created a company
and a product with the potential to change the way video is enjoyed around the
world. I am thrilled to have the opportunity to lead this team as the company
embarks on its next critical stage of development.”