Dolby names Marc Whitten as new CEO, Kevin Yeaman retires

San Francisco - Dolby Laboratories, Inc. (NYSE:DLB) disclosed today that Kevin Yeaman will be stepping down after nearly two decades with the company, and Marc Whitten has been named President, Chief Executive Officer, and a member of the Board of Directors. The move comes after a lengthy succession process, according to a press release statement.

Yeaman will continue as an advisor during the transition period. Peter Gotcher, Chairman of the Board of Directors, expressed gratitude for Yeaman's transformative leadership, stating that he positioned the company for future opportunities and partnerships. Whitten, who has over three decades of experience in technology leadership roles, has held positions at Meta, Cruise, Unity, Amazon, Sonos, and Microsoft, where he contributed to the development of products like Alexa, Kindle, Fire TV, Xbox, and Xbox Live.

Dolby, a company known for setting the standard in visual and auditory experience, sees significant future opportunities ahead, with Whitten expressing confidence in the company's potential to matter even more for creators, partners, and consumers as content, platforms, and technologies continue to evolve. Yeaman, who joined Dolby nearly two decades ago, led the company's expansion in audio and visual technology offerings, transforming the way the world experiences entertainment, broadening the reach of one of the world's most recognizable brands, and bringing Dolby to billions of people.

Dolby develops audio and visual technologies such as Dolby Atmos, Dolby Vision, and Dolby Cinema, operating through branded and patent licensing businesses serving content service providers and other customers.