Video technology firm names new chairman, CEO

Vidyo Inc. has a new leader.

The board of directors for the Hackensack-based integrated video collaboration technology company has named Michael Patsalos-Fox its chairman and CEO.

Patsalos-Fox has been a director of Vidyo since 2013, and became chairman earlier this year.

CEO Eran Westman is leaving the company to pursue other opportunities.

“I want to thank Eran for his contribution to the business and wish him well on his future endeavors,” Patsalos-Fox said. “I have developed a deep appreciation for the market and Vidyo’s opportunity to dominate key segments since joining the Vidyo board in 2013. I am excited and energized to build on our market leadership through focused growth acceleration strategies and operational excellence.”

Patsalos-Fox was most recently CEO of Stroz Friedberg until its sale to Aon late last year.

Before that, he was with the McKinsey & Co. global management consulting firm, where he served as chairman of McKinsey Americas. He served as a senior partner on McKinsey’s operating committee for nine years and held a seat on the board for 12 years.

Patsalos-Fox currently serves on the boards of several other companies, including Cognizant, Quid and CloudPay.

“Vidyo pioneered what has become the gold standard in video communications,” said Joshua Ruch, managing partner of Rho Ventures and Vidyo board member. “Michael has a proven track record and the right expertise to shepherd the company through the next phase of its growth.”