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SRS Labs Promotes Maria Oppegard to Chief Accounting Officer

^{Published on 2011-11-04 21:42:38 - Market Wire}
 

SANTA ANA, Calif.--([ BUSINESS WIRE ])--[ SRS Labs ] (NASDAQ:SRSL), the industry leader in surround sound, audio enhancement, and voice post-processing technologies, announced today that Maria Oppegard, the companyas Corporate Controller, has been promoted to the position of Chief Accounting Officer. Maria has more than 13 years experience in accounting for public companies and has been with SRS Labs since 2005.

"I look forward to my new responsibilities as the companyas Chief Accounting Officer and I am excited to be working directly with our new CFO, Chuck McBride, to further strengthen and help grow the company."

aThroughout the years, Maria has continually proven herself as a valuable asset to SRS and because of her dedication, knowledge and financial acumen, it is with great pleasure to present Maria with this much deserved promotion,a said Chuck McBride, Chief Financial Officer, SRS Labs. aI look forward to working closely with her in her new capacity.a

Over the past six years, Ms. Oppegard has served as the companyas Corporate Controller and as its acting principal financial officer since August 2011 until Mr. McBrideas appointment as the companyas Chief Financial Officer. During her tenure, Ms. Oppegard has been instrumental in establishing a royalty compliance program, which has resulted in the identification and recovery of millions of dollars of underreported royalties and securing new, long-term, multi-million dollar license agreements with key customers. Ms. Oppegard has also played a significant role in the companyas global expansion, by assisting with the formation of the companyas wholly-owned subsidiaries in Shenzhen and Shanghai, China and in Tokyo, Japan and managing their on-going financial operations. During her tenure, Ms. Oppegard also led the successful implementation of the Companyas internal controls over financial reporting. Prior to working for SRS Labs, Ms. Oppegard spent six years at KPMG LLP, where she was an Audit Manager, providing audit services primarily for public companies in the technology, telecommunications and software industries.

aSince joining the company six years ago, I have seen SRS grow steadily to more than double its size in both revenues and worldwide personnel,a said Maria Oppegard, Chief Accounting Officer, SRS Labs. aI look forward to my new responsibilities as the companyas Chief Accounting Officer and I am excited to be working directly with our new CFO, Chuck McBride, to further strengthen and help grow the company.a

Ms. Oppegard earned her bacheloras degree in business administration from University of North Carolina at Chapel Hill and her masteras degree in accountancy from Wake Forest University. Additionally, Ms. Oppegard is a Certified Public Accountant and a member of the American Institute of CPAs, California Society of CPAs and Financial Executives International and serves on the board of directors for 3D Audio Alliance, a non-profit organization.

For more information about this announcement, SRS or our technologies, please contact us at [ pr@srslabs.com ] or visit us on [ Facebook ], [ Twitter ] and [ YouTube ].

SRS Labsa company description and important cautions regarding forward-looking statements made in this release is available at [ www.srslabs.com/boilerplate ].