Sonic Foundry Names Gary Weis as CEO

Sonic Foundry, Inc. SOFOannounced today a series of executive officer and director changes intended to advance corporate development and increase shareholder value. The directed strategy includes pursuing new market opportunities involving industry partnerships, opportunities for merger and acquisition, and building a larger sales and operations base to position the company for further growth. Following recent recommendations regarding best practices in corporate governance, the Board of Directors has approved a motion to separate the duties of Chief Executive Officer and Chairman of the Board. Rimas Buinevicius has accepted the role of Executive Chairman of the Board and Chief Strategy Officer. Gary Weis has accepted the position of Chief Executive Officer. Weis, a Director of Sonic Foundry since 2004, has a strong background in sales and support of enterprise customers within the internet networking and communications industry. He led sales and operating units at IBM, AT&T and Concert. At AT&T, he held the position of Senior Vice President of Global Services, responsible for one of the world's largest data and IP networks. While at AT&T, he was also CEO of Concert, a joint venture of AT&T and British Telecom. At IBM, he was General Manager of IBM Global Services, Network Services.