Avigilon announces leadership changes in connection with proposed transaction

Avigilon, provider of trusted security solutions, announced changes to its executive team in connection with the recent agreement to be acquired by Motorola Solutions.

Upon completion of the acquisition by Motorola Solutions, Alexander Fernandes will retire as Avigilon's Chief Executive Officer and Chairman of the Board.

“I’m very proud of what we’ve accomplished at Avigilon, growing from a start-up to become an industry leader,” said Mr. Fernandes. “Avigilon has a strong and proven leadership team, and I’m confident about the company’s future.”

In contemplation of the acquisition, Ric Leong has resigned as Avigilon’s Chief Financial Officer, effective immediately. Samuel Cochrane, Avigilon’s Senior Vice President of Finance, has been promoted to Chief Financial Officer and will stay on with Avigilon after closing.

"Being Avigilon’s CFO has been a tremendous experience, and I’ve greatly enjoyed working with Alex and the leadership team over the past several years,” said Mr. Leong. “I’m in full support of the acquisition and look forward to Avigilon’s success with Motorola Solutions.”